Health insurance

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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 periodicals archive ?
- Personal Accident and Health Insurance Policies and Premiums in Switzerland to 2018: Market Databook
* SB 2280/HB1191 Interstate Health Insurance Policies: Authorized for sale in Florida any health insurance product that is governed by the laws of any state, district or commonwealth of the U.S.
A federal law that would allow national sales of health insurance, like national sales of life insurance, would help, as would a law prohibiting states that accept federal Medicaid funds from forcing mandated benefits on private buyers of health insurance policies.
Nowadays patients are accustomed to low out-of-pocket medical expenses, and big companies are expected to give their employees gold-plated health insurance policies. "Insurance should cover low-probability, high-cost events," says Helms.
A catalyst to the surge of individual health insurance policies is the recent advent of health savings accounts, (See story, Page 1.) A high-deductible health insurance policy incorporated with an HSA generates additional savings because the premiums can be tax deductible.
Private health insurance policies are failing to cover cancer patients throughout the course of their treatment, a charity said today.
Sharing many of Atlas's views is Clifton Kruse, a Colorado Springs, Colo., attorney, who says he is now impressed by the quality of private long term health insurance policies that are available.
Simply because Medicare, Medicaid, and private health insurance policies decline to pay for various services or, once a certain threshold is crossed, any services, does not weaken the ethical argument.
Some health insurance policies pay all or part of the purchase price of a necessary mobility device.
A At present, many health insurance policies provide for a different yearly- and lifetime-benefit maximum for the treatment of mental and physical illnesses.
Larger companies, which usually self-insure under ERISA, have been able to avoid those mandates, which has helped them keep the cost of their health insurance policies low.
The Andrew Jewell Insurance Agency sells auto, home, business, life and health insurance policies. Its office is located at 510 Front St., Lynden.

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