health insurance- insurance against loss due to ill health insurance- promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company hospitalization insurance,hospitalization- insurance that pays all or part...
(physician services coverage). It traditionally has stayed out of the provision of health care services and has served as a third-party indemnitor for health care expenses; that is, in exchange for the payment of a monthly premium, a health care insurance company agrees to indemnify, or be ...
What Is Health Insurance? Health insurance is an agreement in which an insurance company agrees to pay for some or all of your medical expenses in exchange for a monthly premium payment. Who Needs Health Insurance and Why? Everyoneneeds health insurance. Health insurance offsets the costs of mi...
Health insurance is a contract between you and a health insurer that requires your insurer to help pay your health care costs in exchange for a monthly premium. To navigate the world of health insurance, it’ll be helpful need to understand some of its complexities, such as the coverage ...
For example, a health insurance policy may pay for most or all of the costs of a surgery. Health insurance may cover doctor's visits, medical procedures, prescription drugs, and so forth. The policyholder pays a premium each month in exchange for the coverage; additionally, the policyholder ...
A life insurance policy guarantees that the insurer pays a sum of money to your beneficiaries (such as a spouse or children) if you die. In exchange, you pay premiums during your lifetime. There are two main types of life insurance. Term life insurance covers you for a specific period, ...
To obtain private health insurance coverage, an individual or group purchases a plan (also called a policy) from the insurer, paying a set amount of money each month, in exchange for the insurer covering some, or all, of the individual’s or group’s health care costs.1 Three broad ...
Health Insurance Actmeans the HealthInsurance Act 1973as amendedfrom time to timeand the Sample 1 Examples ofHealth Insurance Actin a sentence However, you do not have this right to give notice if a change in the insured healthcare cover results directly from amendment of the provisions set ou...
definition of insuranceoa system under which individuals, businesses, and other organizations or entities, in exchange for payment of a sum of money (a premium), are guaranteed compensation for losses resulting from certain perils under specified conditions. characte 5、ristics of insuranceorisk ...
Why is '-ed' sometimes pronounced at the end of a word? Popular in Wordplay See All Top 12 Sophisticated Compliments Word of the Year 2024 | Polarization Terroir, Oenophile, & Magnum: Ten Words About Wine 8 Words for Lesser-Known Musical Instruments ...