What is health insurance?

Health insurance is a type of coverage that helps with medical expenses. It is a contract between an insurance provider and a person or group of people. In Virginia, health insurance is required for most people. Health insurance helps cover medical costs such as doctor visits, hospital stays, and prescription drugs. It also may cover preventive care, such as vaccinations. Some plans also cover mental health care. Health insurance can be purchased through an employer or a private insurance company. There are also government programs such as Medicaid and the Children’s Health Insurance Program (CHIP) that provide free or low-cost health coverage for eligible people. People in Virginia who are not eligible for coverage through an employer or a government program may be eligible for plans through the Health Insurance Marketplace. The Marketplace is an online insurance exchange where individuals and families can compare and purchase health plans. It is important to understand the terms of any health insurance plan. Make sure to know the details about what is covered, the copayments and deductibles you might owe, and any other costs that may be associated with your plan. Health insurance is an important part of managing your health and financial security. Knowing the basics of health insurance and what plans are available in Virginia can help you choose the plan that is best for you and your family.

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