insurance

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Related to insurer: life insurance, reinsurer

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 ?
Insurers face new challenges as the baby boom generation may have to work beyond age 70 to maintain its current standard of living.
4371 excise taxes on premiums paid to foreign insurers or reinsurers under a U.S.
With the insurers refusing to settle, the battle will continue in a jury trial this fall.
"Physicians' Suits Against Medical Malpractice Insurers. An Analysis of Current Issues in Professional Liability Insurance Litigation." Journal of Legal Medicine 11(2):225-45, June 1990.
That is why insurers that are increasing their market share in the soft market should pay close attention to reserves.
CIGNA asserted that the case should be dismissed because an assignee has no standing to sue insurers. CIGNA asserted that Section 1132(a)(1)(B) of ERISA provides that only a "participant" in a plan or a "beneficiary" is entitled to file suit to collect benefits.
Insurers are being proactive, designing procedures to more effectively monitor their loan portfolios and detect early signs of problems, building up workout and property management staffs and making greater use of outside workout consultants," Yeskey added.
Principal Mutual Life Insurance Company, the 9th Circuit revisited the reasons courts allow tort remedies, including punitive damages, against insurers who deny disability claims in bad faith.
Of course, in any situations in which a foreign insurer is involved, consideration should be given to whether a treaty exemption applies.
Finally, the revised memorandum should emphasize those circumstances when an insurer can use the Net of GST/HST method.