Which type of insurance provides coverage for the cost of healthcare services?

Health insurance is designed specifically to provide coverage for the cost of healthcare services. It helps cover expenses related to medical care, such as doctor visits, hospital stays, surgeries, preventive services, and prescription medications. This type of insurance is crucial for individuals as it helps mitigate the financial burden associated with medical care, ensuring that people can access necessary health services without facing overwhelming costs.

In contrast, auto insurance primarily protects against losses related to vehicle accidents and damages. Life insurance offers financial support to beneficiaries upon the policyholder's death, providing a sum of money to help with living expenses or debts. Property insurance focuses on protecting physical assets, such as homes or businesses, from damage or loss due to events like fire, theft, or natural disasters. Each of these other insurance types serves distinct purposes and does not directly address healthcare costs like health insurance does.