what is health insurance in simple words

Health insurance is a contract between an individual and an insurance company, where the insurer agrees to pay for some or all of the person's medical expenses in exchange for a premium. It covers a portion of the policyholder's medical costs, and the extent of coverage depends on the specific policy, including copays, deductibles, and coinsurance. Health insurance provides a safety net in case of unexpected medical events and helps offset the financial burden of healthcare. It is an important way to ensure that individuals can manage their medical expenses and maintain their financial security