Health Insurance

Health Insurance:

Health insurance is Insurance against the risk of incurring medical expenses among individuals. By estimating the overall risk of health care and health system expanses 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. According to the Health Insurance Association  of America , health Insurance is defined as "coverage that provides for the payments of benefits as a result of sickness or injury. Includes Insurance for loses from accident, medical expanses, disability, accidental death and dismemberment".