Medical insurance, also known as health insurance, is a type of insurance coverage that pays for medical and surgical expenses incurred by the insured individual. It provides financial protection against the costs of healthcare services, including hospitalization, medical consultations, prescription drugs, surgeries, and other medical treatments. Medical insurance typically works by the insured paying premiums to the insurance company, and in return, the insurance company agrees to cover all or a portion of the insured’s healthcare expenses as outlined in the policy. The specific coverage, benefits, and terms of medical insurance can vary widely depending on the insurance provider and the type of plan chosen.