What is the main purpose of medical expense insurance?

The main purpose of medical expense insurance is to cover medical expenses incurred as a result of illness or accidents. This type of insurance typically includes a range of benefits that may pay for hospital stays, surgeries, doctor visits, preventive care, emergency care, and other related medical services. It aims to alleviate the financial burden that comes with healthcare costs, ensuring that individuals can access necessary medical care without overwhelming out-of-pocket expenses.

Medical expense insurance is designed specifically for health-related needs, making it an essential coverage option for individuals seeking protection against high healthcare costs. Other choices, such as those related to retirement income or investments in the stock market and real estate, do not pertain to the coverage of medical expenses and serve entirely different financial purposes. This distinction highlights why the correct choice aligns with the primary objective of medical expense insurance.