What is health insurance?

Health insurance is a type of insurance that covers medical and health-related expenses for individuals or families. It helps protect individuals and families from the financial burden of additional medical costs and allows them to receive medical care they may not otherwise be able to afford. In North Carolina, the Department of Insurance regulates health insurance providers and policies. The North Carolina Health Insurance coverage laws protect consumers from unexpected medical costs and provide financial security for individuals or families who cannot afford the full cost of medical services. The law requires that all health insurance policies provide certain benefits, such as coverage for certain medical conditions, preventive services, prescription drugs, mental health services, and more. Additionally, the law requires that insurance companies can’t cancel an individual’s policy without proper due process. The Division of Medical Assistance is responsible for administering the North Carolina Medicaid program, which provides health care coverage to individuals and families who are eligible based on financial need.

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What is health insurance?

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