Health insurance, often referred to as private medical insurance, is a financial arrangement that provides coverage for private healthcare services, encompassing the entire spectrum from initial diagnosis to subsequent treatment. Enrollees of health insurance policies are required to make regular monthly payments, commonly known as premiums, to maintain their coverage. These premiums contribute to the financial pool from which the costs of healthcare services are drawn, thereby mitigating the financial burden on policyholders when they require medical attention for acute conditions. It is important to note that health insurance typically extends coverage to conditions that manifest after the policy's inception, with pre-existing conditions typically excluded from coverage.
