What is Health Insurance and How does it Work?
What is Health Insurance? DUBAI, UAE – ( ARAB NEWSWIRE ) -- The world of health insurance might seem like a confusing maze of concepts and jargon. Fundamentally, nevertheless, it's regarded as one of the most effective instruments that protects one's financial security in case of unanticipated medical situations. Let's understand the complexities of health insurance, which will help them to make informed decisions about their health insurance coverage. Who Needs Health Insurance? Illnesses and injuries can occur unexpectedly, leading to medical expenses that can quickly accumulate. Whether an individual is young and healthy or dealing with chronic conditions, having health insurance ensures that one can access the care that they need. Health insurance offers financial protection against these unforeseen health care costs. Basic Health Insurance Terms Here are some key terms to understand health insurance: Premium: The regular fee an individual pays, monthly, quarterly or