What benefits does health insurance provide?

Health insurance primarily provides financial protection against high medical costs. When individuals face unexpected medical situations, such as illnesses or accidents, the expenses can be significant and overwhelming. Health insurance helps mitigate these costs by covering a portion of medical expenses, including hospital stays, surgeries, preventive care, and medications. This financial safety net allows individuals to seek necessary medical care without the burden of exorbitant costs, ensuring that they are not financially devastated by health issues.

By having health insurance, individuals can focus on their health and well-being rather than worrying about how to pay for medical services. This aspect of financial protection is essential, as it promotes access to healthcare services, ultimately leading to better health outcomes. The peace of mind that comes with knowing that medical expenses will be partially or fully covered is one of the main reasons people prioritize obtaining health insurance.

In contrast, the other options do not align with the primary purpose of health insurance. While access to credit and loans or job security are important aspects of personal finance, they fall outside the scope of what health insurance offers. Similarly, investment in real estate pertains to wealth accumulation rather than health-related financial protection.