insurance


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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 ?
Insurance committees: General Assembly - Insurance and Real Estate
Issues: Driving down insurance rates; aggressively fighting insurance fraud; getting uninsured drivers off the roads; and preparing for the next major natural disaster.
Ask for the certificate of insurance. Read it to ensure that the certificate identifies your company by name and as an additional insured.
Certain life insurance policies can help build wealth by serving as tax-deferred vehicles in which investment returns grow, building up cash value.
If the insurance arrangement with a foreign captive is properly treated as insurance for Federal income tax purposes, the premiums paid with respect to such an insurance arrangement are subject to the FET.
A: The price of private company D & O insurance varies substantially, depending upon the company size.
This includes third party service providers such as mutual fund or investment managers, banks, insurance companies, lawyers, and accountants.
"It's vital simply because as we have grown as a society, we have become more litigious by nature," said Lou Valentic, Chief Marketing Officer for K & K Insurance. "And therefore there is always a transfer of risk and concern in any type of sports activity.
The industry has made buying term insurance supereasy today, thanks to the Web.
There are many other similar examples of gaps in insurance coverage.
In 1999 The New England Journal of Medicine published a study that found it cost $300 billion annually to administer various health insurance plans.
The most common reason from insurers given to volunteer groups and non-profit organizations for these increases is that premium hikes are the result of September 11, 2001, whereby insurance companies made large payouts.