Definitions for "health insurance"
Health Insurance is an insurance policy that pays for all or part of an individual...
Health insurance is a contract between a policy holder and an insurance company where the company assumes the large financial risk of health care expenses in exchange for the individual paying a small amount, the premium, each month. The company spreads the cost of health care over a number of people.
Insurance cover for health expenses• Insurance - General
Keywords:  soaring, junk, workplace, hmos, fewer
A plan that helps pay for the cost of health care services.
Once a standard benefit of the workplace, soaring health care costs in the 1980s encouraged many companies to try to junk their health care plans, or switch to the lower costs -- and fewer benefits -- of Health Maintenance Organizations. Rather than pay for service with the physician of the patient's choice, HMOs require the worker to choose from a doctor that's part of a pre-paid group. Members of this group can be paid as little as $3 per patient per month.