Health Insurance Define

Health insurance an insurance policy that provides coverage when the policyholder or his her dependent becomes ill.

Health insurance define. These plans fall into three classifications. Health insurance definition insurance that compensates the insured for expenses or loss incurred for medical reasons as through illness or hospitalization. Health insurance covers cost of an insured individual s medical and surgical expenses. For example a health insurance policy may pay for most or all of the costs of a surgery.

Health insurance synonyms health insurance pronunciation health insurance translation english dictionary definition of health insurance. Disease management programs can help control health. Insurance providing compensation for medical expenses. Health insurance is an insurance that covers the whole or a part of the risk of a person incurring medical expenses spreading the risk over numerous persons by estimating the overall risk of health risk and health system expenses over the risk pool an insurer can develop a routine finance structure such as a monthly premium or payroll tax to provide the money to pay for the health care.

Subject to the terms of insurance coverage either the insured pays costs out of pocket and is subsequently reimbursed or the insurance company reimburses costs directly. Definition of health insurance. Insurance against expenses incurred through illness of the insured. Health insurance may cover doctor s visits medical procedures prescription drugs and so forth.

Health insurance definition is insurance against loss through illness of the insured. The policyholder pays a premium each month in.