Health insurance is of vital importance, it provides financial coverage in the cases of health problem because of disease or accident; it is used to build up money for medical expenses defray of a policyholder. Health insurance may be offered by state social insurance program of by private insurance companies and can be purchased by a group of people or any individual. The sum of coverage depends on the amount of insurance acquired. Every policyholder should fully realize that any insurance company will pay off the whole sum of coverage only on the assumption of the full insured's payments. In case of health insurance debt neither medical expenses, nor other insurance discharges will not be paid off.

Today for many people it has become more difficult to make regular insurance payments. Therefore there were established debt consolidation services, which help people who have any debt to simplify debt liquidation. These services try to work out the plan of gradual debt payoff by means of lowering of interest rates or changing of treaty conditions. Debt settlement in the network of insurance is assumed to create a debt repayment mechanism which will be beneficial and advantageous for both sides. The amount of existing insurance polices can be decreased in order to give a debtor a chance to cope with existing problems. Insurance companies can provide debt relief by interest rates or the whole debt sum reducing while debt rescheduling or debt forgiveness. Very often health insurance debt settlement is a process of debt adjustment when a creditor and a debtor reach common agreement.