What is health Insurance


  • Insurance against loss by illness or bodily injury. Health insurance provides coverage for medicine, visits to the doctor or emergency room, hospital stays and other medical expenses. Policies differ in what they cover, the size of the deductible and/or co-payment, limits of coverage and the options for treatment available to the policy holder.


  • Health Insurance is insurance against loss by sickness or bodily injury. The generic form for those forms of insurance that provide lump sum or periodic payments in the event of loss occasioned by bodily injury, sickness or disease, and medical expense. The term Health Insurance is now used to replace such terms as Accident Insurance, Sickness Insurance, Medical Expense Insurance, Accidental Death Insurance, and Dismemberment Insurance. The form is sometimes called Accident and Health, Accident and Sickness, Accident, or Disability Income Insurance.
  • Health insurance is, basically, a promise by an insurance company or health plan to provide or pay for health care services in exchange for payment of premiums.
  • Insurance covering medical expenses or income loss resulting from injury or sickness. Health insurance is a general category that includes many different types of insurance coverage, including hospital confinement insurance, hospital expense insurance, surgical expense insurance, major medical insurance, disability income insurance, dental expense insurance, prescription drug insurance, and vision care insurance.
  • If you’ve ever been sick or injured, you’ve probably recognized the importance of Health insurance. Health insurance helps to ensure that you and your family are protected against the financial hardships that may result from health care expenses.
  • Insurance obtained usually through an employer-sponsored program which may pay hospital, surgical and medical costs, and/or prescription drug costs and/or the cost of special services needed eg private nursing, assistive devices, etc.
  • Health insurance means just what it says: it’s a way to insure yourself against health catastrophes such as illness and injury. In return for payment of a monthly fee, called a premium , the insurance company agrees to pay the price of a set amount of medical expenses, minus any deductible you may choose. This amount depends on the type of health plan you purchase. In the USA, health insurance falls into three categories: Health Maintenance Organizations, Preferred Provider Organizations and traditional “fee-for-service,” or “indemnity” plans.
  • It is also called accident and sickness insurance, medical insurance. In general, any insurance program covering medical expenses and/or income lost owing to illness or accidental injury. Such insurance may cover some or all of the expense of hospitalization; surgery; physicians’ fees; drugs and medicines; laboratory tests, X-rays, and other diagnostic procedures; radiation therapy; maternity and nursing care; eyeglasses, crutches, prostheses, etc.; so-called major medical expenses, that is, the expenses incurred in a serious or long-term illness; and compensation for earnings lost through illness or injury (loss or income or disability insurance).
  • The term refers to a variety of insurance policies, ranging from those that cover the costs of doctors and hospitals to those that meet a specific need — like long-term care or dental coverage. When most of us talk about health insurance, however, we refer to the kind of plan that covers doctor bills, surgery and hospital costs.
  • Insurance that covers medical expenses or health care services.
  • Health insurance is a contract in which the insured and the insurer shares risk. The insured pays a premium to the insurer who pays a predetermined amount of money toward health care expenses.
  • Health insurance is insurance that provides coverage for health-related needs. It helps you pay for medical bills. The type of health care covered by your health insurance plan depends on the type of coverage and the amount you pay for the premium. A health insurance premium is the amount you and/or your employer pay for the benefits provided under your health insurance policy.
  • Health insurance coverage is a policy that you pay for. The policy allows you to go to doctors and hospitals for regular visits as well as emergencies. It also covers prescriptions and other medical needs. The exact coverage depends on the policy you buy and the company that is insuring you. Generally, you pay an annual coverage fee and then pay an additional amount when you use the health insurance.
  • Health insurance prevents you and your family from suffering a financial loss as a result of an accident, illness or disability. It can provide an income while you are disabled or in hospital, or cover the cost of your medical treatment or nursing care.
  • A contractual relationship whereby an insurance company (the insurer) agrees to reimburse the insured for health care costs in exchange for a premium. The contract (policy) generally stipulates the type of health care benefits covered as well as costs to be reimbursed.
  • Medical Insurance pays the large expense that can be incurred when you or a family member, see doctors, go to the hospital, or seek other costly medical services. Medical insurance allows you to obtain high quality medical care without severe financial hardship to your family. If you have assets, or intend to have assets, those assets can be largely taken away if you run up large medical/hospital costs. Medical insurance insures your assets and your access to good medical care
  • Health Insurance is a type of insurance whereby the insurer pays the medical costs of the insured if the insured becomes sick due to covered causes, or due to accidents. The insurer may be a private organization or a government agency. Market based health care systems such as that used in the United States rely on private medical insurance.
  • Simply put, health insurance is protection against medical costs. A health insurance policy is a contract between an insurer and an individual or group, in which the insurer agrees to provide specified health insurance at an agreed-upon price (the premium). Depending on your policy, your premium may be payable either in a lump sum or in installments. Health insurance usually provides either direct payment or reimbursement for expenses associated with illnesses and injuries. If your employer does not offer a health insurance plan, you may wish to purchase health insurance on your own.
  • Insurance to cover cost of health care. Health Insurance can be privately managed or can be part of a government run scheme.
  • Financial protection against all or part of the medical care costs arising from disease or accidental bodily injury. Insurance may be obtained on either an individual or a group basis.
  • Health insurance implies that an individual or groups of individuals are entitled, usually through some form of regular payment, to access basic health care when it is needed. The concept basically means that individuals who are covered in the plan are assured of receiving the health care to which they are entitled.

    To what exactly is an individual entitled? In general, people get prescribed packages of care that the health insurance plan sets as fair compensation for the total payment received from the subscribers and their employers. Some employers pay a certain percentage of the total payment or premium, while employees must pay the rest. Sometimes employers do not pay any portion of the premium and if the employees wish to have health insurance, they are responsible for paying the total premium costs themselves.

    In some plans, the cost of hospitalization and referrals to specialists may be covered, while in others they may not be. Similarly, some plans may cover only the basic preventive health care, while foregoing the more expensive care such as organ transplants, hemodialysis, and other experimental services.

  • Health Insurance is a method of providing financial assistance to you and your families to meet the cost of medical treatment in the event of sickness or injury. Additionally, a Health Insurance Plan may also cover vision care, dental and maternity expenses. Health Insurance has become especially important in Trinidad and Tobago where persons generally prefer to go to private health care providers, which can be quite expensive.