Hemolytic anemia is characterized by increased destruction of red blood cells, which can occur through extravascular or intravascular pathways. Key mechanisms include the phagocytosis of senescent red blood cells in the spleen and destruction in circulation, leading to clinical features such as anemia, jaundice, and splenomegaly. Various types of hemolytic anemia have distinct causes and diagnostic findings, with hereditary conditions like spherocytosis and acquired conditions like autoimmune hemolytic anemia being notable examples.