Traditional health insurance provides protection against financial loss resulting from the perils of illness and injury.

Question

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Traditional health insurance is designed to provide financial protection to individuals and families against the high costs of medical treatment and care resulting from illness, accidents or injuries. It covers a wide range of medical expenses, including hospitalization, surgery, prescription drugs, doctor visits, and diagnostic tests. By paying a premium, policyholders can transfer the financial risk of unexpected medical costs to an insurance company.

Traditional Health Insurance Provides Protection Against Financial Loss Resulting from the Perils