Health insurance is insurance against the risk of incurring medical expenses among individuals. By estimating the overall risk of health care expenses among a targeted group, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to ensure that money is available to pay for the health care benefits specified in the insurance agreement. The benefit is administered by a central organization such as a government agency, private business, or not-for-profit entity.
Read more about Health Insurance: Background, Comparison, Standards of Hospitals and Clinics Used By Insurance Companies
Famous quotes containing the words health and/or insurance:
“The health of the soul is something we can be no more sure of than that of the body; and though a man may seem far from the passions, yet he is in as much danger of falling into them as one in a perfect state of health of having a fit of sickness.”
—François, Duc De La Rochefoucauld (1613–1680)
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An insurance man’s shirt on its morning run.”
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