What Do You Get With Health Insurance? 
The notion of getting peace of mind with insurance comes from the direct purpose of buying insurance - protecting yourself from a catastrophic financial event by shifting the risk to a third party -LRB- the insurance company -RRB- . When it comes to health insurance , you know you 're only exposed to such a high amount in a given year - known as an annual out-of-pocket maximum . Other than your premium , you will not pay more in healthcare expenses than this amount in a given year . A great example of when you might encounter a very expensive financial event for health insurance purposes is surgeries . 