Health insurance is a type of insurance that covers the whole or a part of the risk of a person incurring medical expenses. As with other types of insurance is risk among many individuals., to provide the money to pay for the health care benefits specified in the insurance agreement. The benefit is administered by a central organization, such as a government agency, private business, or  not for profit  entity.

According to the Health insurance Association of America “health insurance is defined as "coverage that provides for the payments of benefits as a result of sickness or injury. It includes insurance for losses from accident, medical expense, disability, or accidental death and dismemberment".

An insurance premium is the amount of money an individual or business must pay for an insurance policy.

Insurance premiums are paid for policies that cover healthcare, auto, home, and life insurance

Factors affecting health insurance premiums ;

• Age – This one of the critical factors   that affect the premium amount
• Past Medical History
• Occupation 
• Policy Duration 
• Body Mass Index (BMI)
• Smoking Habits 
• Geographical location 
• The Type of Plan Chosen