Question: Health insurance is a type of insurance coverage that covers the cost of an insured individual's medical and surgical expenses. Depending on the type of health insurance coverage, either the insured pays costs out-of-pocket and is then reimbursed, or the insurer makes payments directly to the provider. Here, you will be able to research the major types—the most preferred and the not so preferred.
Describe the four major types of health insurance and identify which population groups are commonly covered by each.