Health insurance is designed to protect against what type of loss?

Health insurance is specifically designed to protect against loss due to ill health. This type of insurance provides financial coverage for medical expenses that arise from illness, injury, or other health-related issues. When individuals encounter health problems, the costs associated with medical treatments, hospital stays, medications, and other healthcare services can be substantial. Health insurance helps mitigate these financial risks by covering a portion of these expenses, thereby reducing the financial burden on individuals and families.

The other types of loss mentioned do not pertain to the primary function of health insurance. Property damage, wealth loss, and travel expenses fall outside the scope of health coverage, as these concerns are typically addressed by different forms of insurance, such as homeowner’s insurance, life insurance, or travel insurance. Thus, health insurance's main objective is to protect individuals from the financial consequences of health-related issues, making the choice focused on ill health the most accurate.