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Basically, health insurance is a way of paying for your medical bills and health care costs. Most people can’t pay for all their health care out-of-pocket, and just put it on a debit or credit card. Health insurance can make it easier to pay your health care bills, and help you get the care you need.
There are many different kinds of health insurance plans. Some plans are run by the government. For example, you’ve probably heard of Medicare and Medicaid, which are government-run:
• Medicare – health insurance for people age 65 and over, as well as some people under age 65 with a disability. Learn more about Medicare
•Medicaid – health insurance for people with a low income. Learn more about Medicaid
There are also private health insurance plans. Many people get private health insurance from their employer, and self-employed individuals often purchase private health insurance, too. With private health insurance plans, you typically pay the health insurer a monthly premium; with government-run health insurance, there often is no monthly premium.