Which type of insurance is designed to cover medical expenses?

Health insurance is specifically designed to cover medical expenses. It provides financial protection for a variety of healthcare costs, including hospital stays, doctor visits, surgeries, prescriptions, and preventive care services. By collecting premiums from policyholders, health insurance companies are able to spread risk and provide coverage for high-cost medical events, consequently helping individuals manage the potentially overwhelming expenses associated with healthcare.

Home insurance, on the other hand, is intended to cover damage to one’s home and personal property from various risks such as fire, theft, or natural disasters. Life insurance provides financial support to beneficiaries in the event of the policyholder's death, which is unrelated to medical expenses. Automobile insurance covers damages and liability associated with vehicle accidents but does not address health care costs. Thus, among the choices provided, health insurance is the only option specifically aimed at managing medical expenses, making it the correct answer.