Health insurance

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Related to medical: Medicare

Health Insurance

An insurance policy that provides coverage when the policyholder (or his/her dependent) becomes ill. 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 often must pay coinsurance and/or a copay for certain procedures. In the United States, many people procure health insurance through their employers because it is often expensive to buy on one's own. Likewise, many people have group insurance to provide medical coverage. A significant amount of debate exists as to the appropriate role of the U.S. government in regulating health insurance providers and whether the government should assume this role directly.

Health insurance.

Health insurance covers some of or all the cost of treating an insured person's illnesses or injuries. In some cases, it pays for preventive care, such as annual physicals and diagnostic tests.

You may have health insurance as an employee benefit from your job or, if you qualify, through the federal government's Medicare or Medicaid programs.

You may also buy individual health insurance directly from an insurance company or be eligible through a plan offered by a group to which you belong. As you do with other insurance contracts, you pay premiums to purchase coverage and the insurer pays some of or all your healthcare costs, based on the terms of your contract.

Some health insurance requires that you meet an annual deductible before the insurer begins to pay. There may also be coinsurance, which is your share, on a percentage basis, of each bill, or a copayment, which is a fixed dollar amount, for each visit.

Health insurance varies significantly from plan to plan and contract to contract. Generally, most plans cover hospitalization, doctors' visits, and other skilled care. Some plans also cover some combination of prescription drugs, rehabilitation, dental care, and innovative therapies or complementary forms of treatment for serious illnesses.

References in classic literature ?
Look here,' said the Medical Man, `are you in earnest about this?
It sounds plausible enough to-night,' said the Medical Man; 'but wait until to-morrow.
I caught Filby's eye over the shoulder of the Medical Man, and he winked at me solemnly.
Bulstrode began to speak with a more chiselled emphasis--"the subject is likely to be referred to the medical board of the infirmary, and what I trust I may ask of you is, that in virtue of the cooperation between us which I now look forward to, you will not, so far as you are concerned, be influenced by my opponents in this matter.
Allow me to ask (after what I just heard)--whether it is not your duty to act on advice given for Blanche's benefit, by one the highest medical authorities in England?
Assuming that Blanche is like most other human beings, and has some prospect of happiness to contemplate, if she could only be made to see it--are we not bound to make her see it, by our moral obligation to act on the medical advice?
My medical enterprise (as Betteredge calls it) must now, inevitably, be delayed until Monday next.
My object, of course, is a purely medical one in this case.
Jennings's medical views, I shall be happy to put it away of course.
Winkle was so very much astonished at the extraordinary behaviour of the medical gentleman, that he involuntarily retreated towards the door, and looked very much disturbed at his strange reception.
Why, then,' said the medical gentleman, 'there are hopes for me yet; I may attend half the old women in Bristol, if I've decent luck.
I believe he is well up in anatomy, and he is a first-class chemist; but, as far as I know, he has never taken out any systematic medical classes.

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