What are some characteristics of health insurance?

Health Insurance is an agreement between you and the insurer. The agreement says that if you pay an agreed upon amount (called "premium") to the insurer, it will pay certain amounts for accidents or illnesses that you may have in the future. Health insurance policies may also pay for certain preventive services like test and vaccines.

Since policies vary by coverage and price, make sure to read the benefits and limits of each plan before you buy one. The best way to learn the difference between a policy that satisfies you and one that you won't be happy with is to compare several.