Which of the following best defines health insurance? (1 point)
An annual contract between an insurance company and an individual
A type of insurance whereby the insurer pays the medical costs of the insured
A type of insurance that protects your personal property if you are unable to pay your bills
A type of insurance that assists your loved ones in the event of your death

A type of insurance whereby the insurer pays the medical costs of the insured

Explanation:

Health insurance is also known as medical insurance. It is insurance coverage that pays for the insured medical, surgical, and dental expenses. Insurance companies that underwrite health insurance cover (insurer) work with hospitals and health facilities known as providers to facilitate medical care of the insured when the need arises.

The insurer may either reimburse the insured the amounts spent in a health facility or may pay the provider the expenses incurred by the insured. Many employers offer health insurance to employees to attract and retain the best workers.

d,

answer; the cpi;