The size of the health insurance market was USD 1785 billion in 2021, and it is anticipated to grow to USD 3288.3 billion by 2027. With a CAGR of 10.7%, growth momentum is anticipated to pick up during the forecast period. According to Healthcare Market Intelligence Companies like Strategy Here, health insurance will pay for any medical costs incurred during the treatment of a sickness, injury, or other physical or mental handicaps. It provides healthcare benefits in return for a monthly, semi-annual, or annual premium or payroll tax. Throughout the term and scope of the insurance, the insurer is required to pay the policyholder's medical costs.