Recent Examples of health insurance from the Web
The percentage covered by under public programs was higher than private health insurance in three out of the five ZIP codes.
Illinois is considering legislation that would impose limits on short-term health insurance plans that the Trump administration is seeking to expand.
Meanwhile Americans are paying more at the pharmacy counter due to health insurance plans that require them to shoulder more of their prescription costs.
The share of workers with health insurance increased from 10% in 1940 to nearly 30% in 1946.
In early September, 85 percent of workers rejected an offer that would have forced current employees into more expensive health insurance plans and eliminated the much-beloved benefit for future retirees altogether.
Savings for consumers and private health insurance plans could be much greater.
More health insurance plans and telemedicine companies are starting to offer tele-mental health services too.
Or, to find out whether your health insurance plan covers PrEP, visit this database.
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.
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).
legal Definition of health insurance
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Seen and Heard
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