Health insurance covers medical and surgical expenses for insured individuals. It can reimburse costs out-of-pocket or make direct payments to providers. It is important for individuals and families who cannot get insurance through employers due to rising healthcare costs. Government plans like Medicare provide health insurance for those over 65, while private long-term care insurance covers nursing home and home healthcare costs for those needing assistance with daily tasks. Additional types of insurance include dental, vision, and disability coverage.

2. Health insurance

Health insurance is a type of
insurance coverage that covers the
cost of an insured individual's
medical and surgical expenses.
Depending on the type of health
insurance coverage, either the
insured pays costs out-of-pocket
and is then reimbursed, or the
insurer makes payments directly to
the provider. Health insurance
programs are designed for
individuals and families who cannot
obtain health insurance through an
employer. Due to the continually
rising cost of medical care, it has
become more important to provide
health insurance for you and your
families.

3. Cycle without Health
insurance

4. Government Health Care
Plans
Medicare
Provides health insurance to people over age 65
Part A covers inpatient care in hospitals or nursing facilities and
some home health
Part B is optional coverage
Medigap insurance: insurance provided by private insurance
companies to cover medical expenses that are not covered by
Medicare

5. Long-Term Care Insurance

Long Term Care is the type of
care received either at home or
in a facility, when someone
needs assistance with activities
of daily living, such as bathing
and dressing due to an
accident, an illness or
advancing age.

Long-term care insurance:
covers expenses associated
with long-term health conditions
that cause individuals to need
help with everyday tasks

Provided by private insurance
companies

Covers care in a nursing home,

6. Additional Types of Health
Care Plans
Dental insurance: Individual Dental Insurance is
available to individuals and families that are not
covered on group dental insurance. For people
without dental insurance, cost often stands in
the way of getting the care they need to
maintain the health of their teeth and gums.
Even for routine preventive care, a trip to the
dentist’s office could mean a substantial amount
of money out of your pocket.
Vision insurance:Vision insurance provides
coverage for services relating to the care and

7. Disability Insurance: Individual Disability Income Protection is a must for
a business owner, and highly recommended for executives. If you are a
business owner, you should consider purchasing both group and
individual policies, if possible. As an executive, you should be sure to
obtain group coverage if it is available. Only forty three percent of large
companies provide group long term disability insurance.
Your chances are even less likely to get long term disability insurance if
you work for a small company. The cost of a plan provided by your
employer is usually less than you would pay for an individual disability
policy and often you can get coverage automatically without having to
qualify medically. If your employer doesn’t provide disability insurance
then you may want to consider an individual disability policy.

8. Essential Health Benefits
1. Ambulatory services
2. Emergency services
3. Hospitalization
4. Maternity and newborn care
5. Mental health and substance use disorder services,
including behavioral health treatment