Health care is very expensive and very sensitive at the same time. Anything can go wrong anytime and it is wise to be prepared to afford good healthcare during the time of an emergency. Having a health insurance plan is one of the best things a person can do, as it covers most of your expenses and keeps you ready for emergency situations.
Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. An insurer, or insurance carrier, is selling the insurance; the insured, or policyholder, is the person or entity buying the insurance policy. The amount of money to be charged for a certain amount of insurance coverage is called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.