Health Insurance Basics: What is Health Insurance?

Quick, can you explain health insurance in one sentence? Neither can we. That's why we made this video to go over the basics. Understanding health insurance and how it works can help you choose a health plan that works for you and your budget. Health insurance helps protect you from paying the full cost of your health care, whether it's an annual checkup, a visit to the emergency room, or anything in between. Here's how it works - when you sign up for a health insurance plan you'll pay a monthly fee called a premium. In return, the health insurance company will pay a portion of your covered medical costs. Each plan is different, but most cover preventive care, doctor and hospital visits, and prescription drugs. You can choose a plan that best fits your medical needs as well as your budget and, depending on your income, you may qualify for financial assistance from the federal government to lower your premiums or to help with your out-of-pocket costs. So which plan is right for you? Talk to an Independence Blue Cross representative at 1-888-475-6206,

or you can visit ibx.com.