Health insurance is one of the most important aspects of financial planning and personal well-being.
In countries like the United States, health insurance can be expensive, but it’s still far more affordable than paying out-of-pocket for a major surgery or hospitalization. Many insurance plans come with deductibles, co-pays, and out-of-pocket maximums, which define how much the insured pays and what the insurer covers. Understanding these terms is key to managing healthcare costs effectively.
Health insurance also plays a critical role in mental health care. Over the years, more insurance providers have expanded their coverage to include counseling, therapy, and medication for mental health conditions. This shift reflects a growing awareness of the importance of mental wellness alongside physical health.
With the rise of telemedicine, many health insurance plans now cover virtual doctor visits. This development has made healthcare more convenient, especially for people in rural areas or those with mobility issues. Telehealth can also help reduce the burden on overcrowded clinics and hospitals.
