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Health insurance is a kind of an insurance coverage policy wherein an individual who seeks to be insured pays an annual predetermined premium on the basis of the total sum insured. This policy will cover the expenses of that individual’s medical care, especially with regard to any hospitalization that is required in the stated period. This health insurance, also known as medical insurance, is available and valid for as long as the premiums are paid.

There are a large number of plans available from a number of insurance companies that among other products also offer health insurance. It is important to take the time to thoroughly research all the insurance plan options available and choose the one that best suits your specific needs and your budget.

Health insurance plans are widely available in the marketplace and outside. When you insure your health using one of the available plans, then in the event of your requiring hospitalization, the insurance will cover a large percentage of your medical expenses so that your out of pocket expenses are kept to the lowest minimum.

Health insurance plans vary depending on whether you are seeking insurance coverage for yourself and/or your family or whether you are seeking insurance coverage through your employer. Group plans and employee plans vary from individual and family plans.

Most health insurance policies carry variable rates of premium on the basis of a medical examination of your health status at the time of applying for the policy and based on the presence of any pre-existing health conditions, aggravation of which may be given only limited coverage under the policy. Generally, the rate of premium chargeable is directly proportional to one’s age with younger and healthier people paying less as annual premium than those who are older and already ill.

Given the exponentially rising costs of quality medical care in America and in other parts of the world, it would be a good idea to make use of a large number of online sites to obtain a health insurance quote online.