Meaning of the word "medical insurance" in English

What does "medical insurance" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

medical insurance

US /ˈmɛdɪkəl ɪnˈʃʊrəns/
UK /ˈmɛdɪkəl ɪnˈʃʊərəns/

Noun

insurance against the costs of medical care

Example:
It's important to have good medical insurance when traveling abroad.
Many employers offer medical insurance as part of their benefits package.