Why do you need medical insurance?

Today, health care costs are high, and getting higher. Who will pay your bills if you have a serious accident or a major illness? You buy medical insurance for the same reason you buy other kinds of insurance, to protect yourself financially. Medical insurance protects you and your family in case you need medical care that can be very expensive. You can't predict what your medical bills will be, if you become ill or have an accident, your bills could be very high. If you have insurance, many of your costs are covered by a third-party, not by you. A third-party can be an insurance company, in some cases, it can be your employer.