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 ?
A life assurance policy/mortgage protection that has been written in trust is outwith the deceased's estate and if the property is passed to the next generation still encumbered by the mortgage, which is subsequently repaid using the proceeds of the life assurance/mortgage protection policy, the debt would not have been repaid out of the estate and therefore is not deductible for the purpose of valuing the deceased's estate.
Sun Life Assurance is part of Sun Life Financial, a Canadian-based holding company with a top-three market position in the Canadian insurance market.
'As Muscat Life Assurance celebrates its 10th anniversary, we pay tribute to Sultan Qaboos Bin Said for his wise leadership in improving the healthcare sector in Oman for everyone,' McCarthy said.
Having sold his Resolution life assurance company to Pearl for about pounds 5bn last year, Mr Cowdery recently raised pounds 600m from investors with the aim of further consolidation in the financial services sector.
PacificCare Life Assurance, licensed in Oregon since 1999, insured nearly 13,000 Oregonians and earned $42 million in health premiums in Oregon in 2007, the most recent year for which data is available.
Barclays Life, which is the combined life assurance operation of Barclays and Woolwich in the UK, has been closed to new business since 2001, but still generates annual premium income of pounds 350m.
Finnish insurance company Suomi Mutual Life Assurance Company said on Friday (25 April) that it has sold FinLife S.A, a subsidiary engaged in life insurance operations, to Vienna Insurance Group of Austria.
We're talking here about the recent relaxation of pension rules which has made writing life assurance under pension regulations a much more attractive proposition.
As a result an ex-spouse, a distant relative or even the Queen could gain a share of their home, jewellery, life assurance policies and cash.
Get it wrong when you take out life assurance and your chance of playing happy families may be gone for ever
Life assurance is usually bought to protect the income of the main bread- winner, so that should the worst happen the family do not lose that money coming in.
(LAQ600) RAYMOND MCFEETORS, CEO of THE GREAT-WEST LIFE ASSURANCE COMPANY (GWL), describes the company's business and its background; prospects for the industry, with positive and negative trends; competitive threats; strategic opportunities for the firm including its marketing plans and acquisition potential; management strength and organization; and the financial prospects of the firm looking forward.