What does health insurance specifically protect against?

Health insurance is specifically designed to cover medical expenses and can provide financial support for loss of income due to illness or injury. This coverage ensures that policyholders can afford necessary medical treatments, hospital stays, surgeries, medications, and other healthcare-related costs. Additionally, some health insurance policies may include provisions for disability income, which helps replace lost wages if an individual is unable to work due to health-related issues.

In contrast, the other options do not accurately represent the primary purpose of health insurance. Loss from premature death relates more to life insurance, which specifically addresses financial gaps caused by the untimely death of an individual. Property damage is typically covered under homeowners or auto insurance policies, not health insurance. Moral hazards refer to the increased risk that occurs when the insured party has less incentive to avoid loss because they are covered by insurance, which is more of a general concept in insurance rather than a specific area of coverage provided by health insurance.