insurance

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Related to Insurance Contracts: insurance policy, Health Insurance Contracts

in·sur·ance

(in-shūr'ans),
Coverage against financial loss, such as from illness or injury, procured by contract from a company or agency that provides such protection.
[Fr., fr. enseurer, to make certain, fr. L. securus, safe, free from care]

insurance

Vox populi A contractual relationship when one party–an insurance company or underwriter, in consideration of a fixed sum–a premium, agrees to pay on behalf another–an insured, or policyholder for covered losses, up to the limits purchased, caused by designated contingencies listed in the policy. See Adoption insurance, Cancer insurance, Catastrophic health insurance, Co-insurance, Comprehensive major medical insurance, Disability insurance, Group insurance, Hospitalization insurance, Indemnity insurance, Major medical insurance, Medical expense insurance, Medicare supplement insurance, National health insurance, Nationalized health insurance, Noncancellable insurance, Personal insurance, Reinsurance, Self-insurance, Workers compensation insurance.

in·sur·ance

(in-shŭr'ăns)
A contractual arrangement whereby one party agrees to indemnify the other against financial or other specified loss during a stated period in the future.

in·sur·ance

(in-shŭr'ăns)
Coverage against financial loss procured by contract from a company that provides such protection.

Patient discussion about insurance

Q. what is public health insurance

A. Public health insurance programs in the U.S. provide the primary source of health expenses coverage for most seniors and for low-income children and families who meet certain eligibility requirements. The primary public programs are Medicare, a federal social insurance program for seniors and certain disabled individuals and Medicaid, funded jointly by the federal government and states but administered at the state level, which covers certain very low income children and their families. In 2006, there were 47 million people in the United States (16% of the population) who were without health insurance for at least part of that year.

Q. I need help getting health insurance is it expensive?

A. I am currently looking for insurance too. Do have you applied for public health insurance?

Q. I AM WONDERING ABOUT GETTING HEALTH INSURANCE IS IT EXPENSIVE FOR A FAMILY?

A. Yes, it'll you cost you money, and not a negligible sum, but that's not necessarily means it'll be expensive - the alternative may eventually be much more expensive. We can never know what will happen tomorrow- if something will happen to you or your family (e.g. car accident, cancer or even relatively simple thing as appendicitis), the cost of the unavoidable medical treatment in this case will be much higher than the insurance premium.

Here (http://www.ahrq.gov/consumer/insuranceqa/) you can find an official governmental guide to choosing health insurance.

More discussions about insurance
References in periodicals archive ?
According to Funa, the IC has tried to convince the CIC before that policy loans, as one of the benefits of an insurance contract, are not credit data that should be reported under the law.
We begin by addressing AUCRA's argument that the district court ignored this court's "narrow" mandate and improperly considered the entire program of workers' compensation insurancerather than only the RPAin determining that the RPA is an insurance contract under Virginia law.
Subsequently, the Claimant commenced Court proceedings, claiming the value of the insured vehicle, the premium which had been paid pursuant to the terms set out in the Insurance Contract, and costs and expenses.
Last month, Sandler O'Neill penned a strongly worded letter to FASB and the IASB in London voicing opposition to their exposure drafts for insurance contracts and all but throwing up their hands with the process, saying it would basically hurt investment in life insurance companies.
In August 2007, the FASB issued an Invitation to Comment (ITC) titled An FASB Proposal: Accounting for Insurance Contracts by Insurers and Policyholders, which incorporated the IASB's DP.
A long-term care insurance policy issued after 1996 meets the definition of a "qualified long-term care insurance contract," under IRC Section 7702B(b), if
Life insurance contracts purchased by the insured are not always held until death.
The IRS is seeking comments on the safe harbor proposal, and it also wants comments on the treatment of amounts received under a life insurance contract after it has matured.
The Pension Protection Act of 2006 added IRC [section][section] 101(j) and 60391 concerning employer-owned life insurance contracts. An employer-owned life insurance contract is one owned by a person engaged in a trade or business employing the insured person where the employer is the direct or indirect beneficiary of the contract.
The paper outlines the principles expected to comprise the draft IASB accounting standard for insurance contracts for insurance companies, including captives.

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