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.
Different Kinds of Health Insurance: Private and Government-run
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.