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What is Health Insurance? A Simple Explanation for Kids and Beginners



Rewrite This video answers the basic question “What is Health Insurance” in a simple, kid-friendly way.
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The video addresses the topics below:
– What is Health Insurance
– Is the health insurance premium same for everyone
– What are the different types of health insurances (deductible, copay)
– Would the insurance company pay all medical bills, even if it is a lot of money
– Is the health insurance premium returned by the insurance company if you don’t fall sick or don’t visit a doctor
– Does the health insurance premium increase if you fall sick a lot
– Who should buy health insurance
– Where can you buy health insurance (part of benefit package, from the insurance marketplace)
– When can you buy health insurance (open enrollment period)
– How long is health insurance valid for (1 year)
– Are there any expenses that most health insurance companies do not cover (procedures that are not medically required – elective procedures like cosmetic surgery, pre-existing illnesses, treatment of your teeth or eyes)

Hope you like the video and stick around for more finance fun! And please let us know your thoughts (or a suggestion for a video) by leaving a comment!

⬇️ RELATED VIDEOS ⬇️

What is Life Insurance: https://www.youtube.com/watch?v=UT_rvhEIFbY

What is Insurance: https://www.youtube.com/watch?v=z3NEM1HptqU

What is Car Insurance or Auto Insurance: https://youtu.be/SYnKjo8nbpg

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The information presented in the video and the description is for educational purpose only. The presenter(s) / speaker(s) / Easy Peasy Finance are not financial advisors, and do not provide investment advise. Please consult a qualified financial advisor before making any investment decision. and make it seo optimized

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