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 premiums paid by banks go to PDIC's deposit insurance fund or DIF which is the agency's capital account and consists of the permanent insurance fund from the government, reserves for insurance losses and retained earnings.
Vann did not disclose the amount that the sector has paid out in claims within the last five years, but said the amount is nearly half of the insurance premium that has been sold so far.
To determine average insurance premium increases, we obtained quotes for eight driver profiles: 27-year-old single men and women, and 40-year-old married men and women each driving either a Toyota Camry or a Ford Escape.
The higher minimum wages will also buoy the minimum national health insurance premium, said the Bureau of National Health Insurance.
MOTORISTS have been hit with steep rises in car insurance premiums after the average policy went up by pounds 210 last year.
SOME STATES have turned to minimum loss ratios as a way to lower health insurance premiums, according to NAHU.
Life insurance premiums increased 5.4%, which is above the previous 10-year average.
Claims that car insurance premiums have been substantially rising over the past year have been dismissed by the AA, Britain's biggest independent car and home insurance broker.
Other firms have struggled to find the money to pay for the large insurance premium increase brought ab out by the compensation culture and the falling Stock Market,caused in no small measure by the Government's indirect taxation policy.
When his annual malpractice insurance premium pulled neck-and-neck with his yearly income, David Crowder, MD, decided he'd had enough.

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