Definitions for "Private insurance"
Health insurance paid for by the individual.
Private insurance is insurance that is not an entitlement (Medicare) or federal or state-funded program (Medicaid). Typically, this insurance is offered through an employer group, individual purchase, union group, or association group (AARP, Small Business Association).
Voluntary insurance programs available from a private firm or from the government by which an individual may obtain protection against the possibility of loss due to a contingency.