With the increasing awareness regarding health, the trend of getting health insurance has greatly increased over the years. It has been estimated that around 85 percent of all Americans have their health insurance done either by the organizations that they work in, by the government or by private health insurance policies. This paper will focus on the benefits of health insurance explaining its increasing importance in today’s world.Health insurance is on the rise and the reason behind this is the changing lifestyles and the unhealthy practices of individuals. Smoking, drinking and obesity-related diseases are rising. The elderly population has also increased substantially over the years due to the increased life expectancy. All these factors have made the health insurance an essential part of everyone’s life. Many people consider it to be a financial burden but these people should consider the long term benefits of health insurance. In case of an accident or sickness, a person can lose a lot of his money if not covered by proper health insurance. These points should be considered by people to understand the importance of this insurance.There are different kinds of health insurance. Two vital types are basic health insurance and major medical insurance. Basic health insurance is the type of health insurance that fulfills the needs of the individuals in relation to their expenses of health and safety. Health insurance policies tend to pay the expenses of the hospital, surgeries and physician. In basic health insurance, these three aspects are covered in a combination such that the company is liable to pay for all the three aspects. The policies for basic health insurance are different and most of them include an additional option for which the individuals have to choose for themselves. This provides additional coverage to the policyholder with regard to their medical insurance.

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