Health insurance is based on the idea that policyholders pay affordable premiums so they never have to face catastrophic medical bills.

Question

Quizplus · Accepted Answer

Health insurance is designed to protect policyholders from financial ruin due to unexpected medical expenses. By paying premiums, policyholders are able to share the risks of expensive healthcare costs with a large group of people. This allows insurance companies to spread out the costs and lower the overall financial burden on any one person. The ultimate goal is to provide policyholders with affordable access to the medical care they need without bankrupting them in the process.

Health Insurance Is Based on the Idea That Policyholders Pay