Health insurance is a type of insurance coverage that pays for medical expenses incurred by the insured. A health insurance policy is a legal contract between an insurance company and the owner of the policy. Generally, the contract is for an annual period, requires a premium to be paid by the policyholder to the insurance company, and details various conditions under which the insurance company will be responsible for the costs of medical care of the policyholder and possibly your family.
Health insurance can be accessed through several different avenues. You can purchase it on an individual/family basis through an agency or it is often included in employer benefit packages as a means of enticing quality employees.