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Health insurance – also referred to as medical insurance or health care insurance – refers to insurance that covers the cost of a policyholder's medical expenses. How much the insurance covers – and how much the policyholder pays – depends on the type of insurance.
Discover what is health insurance and how it works. Make informed decisions for your coverage and medical expenses.
Health insurance pays most medical and surgical expenses and preventative care costs in return for monthly premiums. Generally, the higher the monthly premium, the...
The meaning of HEALTH INSURANCE is insurance against loss through illness of the insured; especially : insurance providing compensation for medical expenses.
Health insurance. A contract that requires your health insurer to pay some or all of your health care costs in exchange for a premium. Learn about health insurance by reviewing the definition in the HealthCare.gov Glossary.
Health insurance is a legal entitlement to payment or reimbursement for your health care costs, generally under a contract with a health insurance company. Health insurance provides important financial protection in case you have an accident or sickness.
What Is Health Insurance: Meaning, Benefits & Types. Rashi Maheshwari. Editor. Published: Dec 27, 2023, 6:49pm. Editorial Note: Forbes Advisor may earn a commission on sales made from partner...
Looking for more common health insurance terms? Learn common health insurance definitions for health insurance policies and health plans.
Health insurance, system for the financing of medical expenses by means of contributions or taxes paid into a common fund that covers health services specified in an insurance policy or the law. Key elements of health insurance include advance payments of premiums or taxes and pooling of funds.
Health insurance helps you pay for preventive services and medical care in case of an accident, disease or other health condition. Policyholders pay a monthly premium in exchange for that coverage. Most insurance plans require you to pay out of your pocket for part of the cost when you use services.