Medical Insurance is a type of coverage that helps pay for healthcare costs. It can cover expenses like doctor visits, hospital stays, surgeries, and prescription medications. People usually pay a monthly fee, known as a premium, to maintain their insurance. When they need medical care, the insurance company pays a portion of the costs, reducing the financial burden on the individual. There are different types of Medical Insurance, including employer-sponsored plans, government programs like Medicare and Medicaid, and private insurance options. Each plan has specific rules about what services are covered and how much the insured person must pay out-of-pocket, such as deductibles and copayments.