Insurance 101
Health Insurance Made Simple
Everything you need to know about health insurance, explained in plain English. No confusing jargon, just clear answers.
What is Health Insurance?
The fundamentals you need to know
Health insurance is a contract between you and an insurance company. You pay a monthly fee (called a premium), and in return, the insurance company helps pay for your medical expenses when you need care.
Why Do I Need Health Insurance?
- Protection from high costs: A single hospital stay can cost tens of thousands of dollars. Insurance protects you from financial disaster.
- Access to preventive care: Most plans cover checkups, vaccines, and screenings at no extra cost.
- Negotiated rates: Insurance companies negotiate lower prices with doctors and hospitals, so you pay less even before insurance kicks in.
- It's the law: While there's no federal penalty, some states require health insurance coverage.
Where Can I Get Health Insurance?
Through Your Employer
Many employers offer health insurance as a benefit. They often pay part of the premium, making it more affordable.
Healthcare.gov Marketplace
If you don't have employer coverage, you can buy insurance on the marketplace. You may qualify for subsidies to lower your costs.
Medicaid
Free or low-cost coverage for people with limited income. Eligibility varies by state.
Medicare
Federal program for people 65+ or with certain disabilities.
Frequently Asked Questions