Health insurance

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Related to Sickness Insurance: Accident and Sickness Insurance

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 ?
(2004), 'The effects on sick leave of changes in the sickness insurance system', Journal of Labor Economics, 22, 1, pp.
Rubinow concentrated on the passage of sickness insurance laws in the States, rather than on the creation of a national health insurance law.
is even more strikingly different than that of sickness insurance. Of course, at a highly abstract level, the health care services in these three nations look somewhat similar; they all emphasize curative intervention over health promotion.
As a first step, different sickness insurance premiums could be set for public and private employers.
All, the Emerys note, implicitly assume that the need for sickness insurance was at least constant from the mid-l800s onward (the pro-welfare-state assumption), and increased over an adult's life span -- since sickness tends to increase with age--making it an "old man's benefit." The Emerys concur that the incidence of sickness increases with age, but contend that the need for sickness benefits among friendly society members actually declined with age, since they could turn to savings (self-insurance) and/or the earnings of family members (family insurance) to replace the income lost due to illness.
BIIBA, the insurance and investment brokers association, are offering a 10 per cent discount on their unemployment, accident and sickness insurance if you've been in the same job for three years.
He argued that "compulsory sickness insurance for workers is based upon the theory that they are unable to look after their own interests and the state must interpose its authority and wisdom and assume the relation of parent or guardian.
Borrowers can extend the cover to include accident and sickness insurance. It costs pounds 3.55 for every pounds 100 paid each month on the mortgage.
The reform law on sickness insurance, which puts the financing of sickness insurance on a sounder footing, enhances competition between insurers and contains cost-control measures, is approved by the people in a referendum.
The discussion traces the growth of health insurance from early sickness insurance programs designed to provide income protection in the event of illness, to the development of the Blue Cross plans, and finally to the current proliferation of commercial insurance companies that provide and administer health insurance plans, largely for employers.
* Employees, employers, and the states were each to contribute to a fund that was to cover the cost of sickness insurance.
Other deductions section of the tax return is for expenses incurred in earning income that dont appear elsewhere on the return such as income protection and sickness insurance premiums.