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 ?
We are new here in Qatar, but have the benefit of a well-established and proven infrastructure from the National Health Insurance Company and the highest of industry standards as set by Munich Health.
HealthMarkets offers products and services through its subsidiaries: The MEGA Life and Health Insurance Company, Mid-West National Life Insurance Company of Tennessee and The Chesapeake Life Insurance Company.
Renaissance Life & Health Insurance Company of America (Renaissance America), a member of the Renaissance family of companies, today announced it will make available insurance plans designed specifically for small and mid-sized businesses.
NORTH RICHLAND HILLS, Texas -- HealthMarkets, a leading provider of affordable health and life insurance to the self-employed, individuals and small businesses has reached an agreement to sell the assets of Student Resources, a stand-alone operating division of The MEGA Life and Health Insurance Company (a wholly-owned subsidiary of HealthMarkets) to UnitedHealth Group.
Petersburg, FL) is largely a stand-alone division of the MEGA Life and Health Insurance Company, an indirect wholly owned subsidiary of HealthMarkets.
Best has affirmed the FSR of B (Fair) and ICR of "bb+" of Conseco Senior Health Insurance Company (CSH).
He currently serves as a Director and Senior Vice President and General Counsel of The MEGA Life and Health Insurance Company, Mid-West National Life Insurance Company of Tennessee (based in Texas), and the Chesapeake Life Insurance Company.

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