Health Insurance FAQs What is health insurance? Health insurance is a type of insurance coverage that pays for medical and surgical expenses incurred by the insured person. What types of health insurance are there? There are various types of health insurance such as individual health insurance, group health insurance, Medicare, Medicaid, and more. What does health insurance typically cover? Health insurance typically covers medical expenses, hospitalization costs, prescription drugs, and preventive care. However, coverage varies based on the type of plan. Is health insurance mandatory? In some countries, health insurance is mandatory, while in others, it is optional. However, having health insurance is strongly recommended to protect yourself from unexpected medical expenses. How do I choose the right health insurance plan? When choosing a health insurance plan, consider the coverage options, costs, network of healthcare providers, and your personal health needs. It's best to compare plans and ask for expert advice. About the Author True Tamplin, BSc, CEPF® Facebook Linkedin Instagram Twitter Youtube True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists. True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics. To learn more about True, visit his personal website or view his author profiles on Amazon, Nasdaq and Forbes.