Which type of insurance is designed to cover medical expenses?

Health insurance is designed specifically to cover medical expenses incurred by the insured. It provides financial protection against high costs associated with healthcare services, including hospital visits, surgeries, doctor consultations, prescription medications, and preventive care. Through health insurance, individuals can gain access to necessary medical treatment without the burden of paying large sums out of pocket.

In contrast, property insurance protects against damage or loss of physical assets, such as homes, vehicles, and personal belongings. Life insurance, on the other hand, offers a financial benefit to designated beneficiaries upon the death of the insured, providing support primarily for income replacement or estate planning. Liability insurance safeguards individuals or businesses against legal claims resulting from injuries or damages they may cause to others. Each of these other insurance types serves a different purpose, focusing on various risks rather than directly addressing medical expenses.