Definition of «health insurance»

Health insurance is a type of insurance coverage that helps protect individuals from high medical expenses. It typically covers a portion or all of an individual's healthcare costs, including preventative care, hospitalizations, and prescription medications. Health insurance can be purchased by individuals directly through an insurer or through their employer as part of a benefits package. The purpose of health insurance is to help ensure that individuals have access to necessary medical services without worrying about the high costs associated with them.

Sentences with «health insurance»

  • You can avail tax benefits on the premiums you're paying for health insurance plan for self, spouse, children or dependent parents. (policybazaar.com)
  • At the time of buying health insurance policy for your parents, check the number of illnesses that are given coverage under your plan. (policybazaar.com)
  • The premium collection by life insurance companies for health insurance plans currently is less than 5 % of the total amount. (policyx.com)
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