Health insurance works by protecting individuals or families from the financial burden of medical expenses.

BY: SUSEN WEISS

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Health insurance is a contract between you and an insurance company, where you pay a premium (regular fee) in exchange for coverage of medical expenses.

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When you need medical care, you visit a healthcare provider, such as a doctor, hospital, or clinic, and they bill your insurance company for the services provided.

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The insurance company pays a portion of the medical expenses covered under your plan. The remaining portion is typically your responsibility, either as a copayment or coinsurance.

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Health insurance plans often have a deductible, which is the amount you must pay out of pocket before your insurance coverage kicks in.

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Once you meet your deductible, your insurance will start paying for covered services according to your plan's benefits.

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Some health insurance plans have networks of healthcare providers. Visiting in-network providers usually results in lower out-of-pocket costs, while out-of-network providers may be more expensive.

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 Health insurance plans may cover various medical services, including doctor visits, hospital stays, prescription drugs, preventive care, and more, depending on the plan's benefits.

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Some plans may require pre-authorization for certain services or medications, meaning you need approval from the insurance company before receiving the care.

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Each health insurance plan has a maximum out-of-pocket limit, the most you'll have to pay in a year for covered services. Once you reach this limit, the Company covers 100% of the remaining expenses.

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To use health insurance, review your plan's benefits, understand its limitations, and keep track your medical expenses and claims to ensure you receive the coverage you need while managing costs.

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What Is A Low Premium Health Insurance

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