Recent Examples of health insurance from the Web
The Congressional Budget Office has estimated that about 13 million more people will opt out of health insurance in 10 years, without the individual mandate.
Starting in 2019, the GOP plan also includes a repeal of the Affordable Care Act’s mandate that most people get health insurance or pay a penalty, another GOP priority.
The tax-cut measure also would end Obamacare’s requirement that most Americans buy health insurance or pay a penalty.
Yet she’s taken heat for deciding to back the GOP tax-cut plan, which contains a provision eliminating Obamacare’s requirement that most Americans get health insurance or pay a penalty.
Republicans added a repeal of the individual mandate — the fines Obamacare puts on people who refuse to buy health insurance that complies with its regulations.
And so unless another 4 million people sign up in the coming days, total enrollment will likely fall short of last year’s total of 9.2 million who got health insurance on the federal exchanges.
Most Americans, however, buy health insurance through their employers or through a federal program like Medicare or Medicaid.
The Senate bill ends the requirement that most consumers buy health insurance or pay a tax penalty, while the House measure avoids the issue.
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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