Recent Examples of health insurance from the Web
The employers usually hire a third-party company to manage the claims, since the plans have the typical elements of health insurance, including premiums and deductibles.
The health care recruiting event had 28 organizations looking to hire professionals for all sorts of positions at hospitals, government healthcare facilities, health insurance companies and long-term care agencies.
The move is sure to be popular in a country where most people have no health insurance and the per capita income is a few dollars a day.
By eliminating the tax penalty for those without health insurance, Osburn said the young and healthy will likely drop their coverage.
The passage of the tax bill, which included the abolition of the fines on people who go without health insurance, should change their thinking on the issue.
The measure also extended a federal children’s health insurance program.
The short-term funding measure includes a six-year reauthorization of the children's health insurance program, which provides coverage for millions of young people in families with modest incomes.
Instead, Congress repealed the penalty for people who don't have health insurance, undercutting the financial cushion that helps keep Obamacare afloat.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'health insurance.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of health insurance
Financial Definition of HEALTH INSURANCE
What It Is
Health insurance is insurance that covers some or all of the costs of an individuals healthcare.
How It Works
Health insurance absorbs or offsets healthcare costs associated with, but not limited to, routine health examinations, specialist referral visits, inpatient and outpatient surgery, unforeseen eventualities such as illnesses or injuries, and prescription medication. Health insurance policies are categorized as privately paid for by an individual, publicly provided as a service through Social Security, or commercially arranged by a company as part of an employee benefit package.
Broader levels of health insurance coverage generally have higher premium costs. In many cases, the insured party is responsible for paying his/her healthcare provider an up-front, tax deductible amount called co-pay. Health insurance companies then may compensate healthcare providers directly or reimburse the policy holder based on the remaining portion of an itemized bill.
Why It Matters
Health insurance primarily protects individuals from the prohibitively high costs of surgical procedures, inpatient hospital care, and emergency attention. Though health insurance itself can become costly for a family, it is only a small fraction of the potential costs associated with unforeseen illnesses and emergencies (for example, the diagnosis and treatment of cancer or a heart attack).
medical Definition of health insurance
legal Definition of health insurance
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Seen and Heard
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