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Health insurance, like other forms of insurance, is a form of collectivism by means of which people collectively pool their risk, in this case the risk of incurring medical expenses. The collective is usually publicly owned or else is organized on a non-profit basis for the members of the pool, though in some countries health insurance pools may also be managed by for-profit companies. It is sometimes used more broadly to include insurance covering disability or long-term nursing or custodial care needs. It may be provided through a government-sponsored social insurance program, or from private insurance companies. It may be purchased on a group basis (e.g., by a firm to cover its employees) or purchased by an individual. In each case, the covered groups or individuals pay premiums or taxes to help protect themselves from unexpected healthcare expenses. Similar benefits paying for medical expenses may also be provided through social welfare programs funded by the government. By estimating the overall risk of healthcare expenses, a routine finance structure (such as a monthly premium or annual tax) can be developed, ensuring that money is available to pay for the healthcare 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. From Wikipedia under the
GNU Free Documentation License How does health insurance work in the US? Q. I am a non-US citizen and need this information to do a case. Specifically: 1) Is health insurance compulsory for everyone? 2) What happens if someone cannot afford it? 3) In the event that a medical procedure needs to be done, does health insurance cover all the bills? Does the patient need to pay anything extra? 4) Does the patient have any say over what kind of procedure he can take? Say if 2 treatments are available for his condition, can the patient choose the more expensive treatment? And if so, is it covered by the insurance? Thanks for reading this. Your help in answering any part of the questions would be greatly appreciated! Thanks to those who have responded so far. I would like to further ask: Does a health insurance… [cont.] Asked by synchronised - Sun Mar 4 02:13:00 2007 - - 3 Answers - 3 Comments A. You've asked a very broad question. There is no simple answer. In truth, health insurance works a little differently in each state. To answer your specific questions: 1) No, health insurance is not compulsory for everyone. If you're lucky, you are able to join a group policy at work. (If you're really lucky, it's a good policy and the employer pays at least half of it.) Some states have recently made it compulsory, but that's such a recent change that there's no clear cut answer yet for how that's going to work. 2) What happens if someone can't afford it is... they don't get it, usually. Except if your income puts you below the "poverty level", in which case you qualify for Medicaid. (In some states there are programs that… [cont.] Answered by ISOintelligentlife - Sun Mar 4 02:38:02 2007 Can I reimburse myself health insurance costs from my company? Q. We used to have individual health insurance, and I would pay for it out of my own company (an S Corp). When we got insurance through my husband's employer, I stopped reimbursing myself. He is paid for by the company, and then it costs extra to add myself and our child. I was just going to deduct health insurance premiums on our Sch A, but we don't have enough other medical expenses to meet the limit. Is it ligit to go ahead and reimburse myself the amount that it cost for the health insurance? Then it would be a business expense. Thanks. Asked by Jackie S - Sat Jan 5 20:06:56 2008 - - 2 Answers - 4 Comments A. No. The insurance through your husband's employer does not meet the test of having been established through the S-corp. Answered by the tax lady - Sat Jan 5 20:16:49 2008 How come health insurance companies are allowed to discriminate against people with disabilities?
Q. How is it legal for health insurance companies to discriminate against people with disabilities (I mean, medical disabilities), but other companies are not allowed to, like grocery stores are not allowed to? Or maybe it IS legal for other businesses to discriminate against people I am really just curious, that's all. About the legal process. Health insurance companies kind of make me mad, because of this issue. I know I am expressing a political opinion, but I ask you not to troll. If you have a different opinnion thatn me, you can argue for it, but please don't start trollin.' Asked by Erin - Thu Nov 5 18:15:30 2009 - - 5 Answers - 1 Comments A. You mean in writing policies? That's one of the reasons we need health care reform, the insurance companies exclude people with pre-existing conditions. Which kind of ruins the whole concept of insurance, which is based on pooled risk. Answered by unknown - Thu Nov 5 18:20:24 2009 From Yahoo Answer Search: "health insurance"  money.cnn.com Mon, 29 Dec 2008 08:44:36 PST Losing your job also means losing your health care benefits. CNN's Gerri Willis has a layoff survival guide.. money.cnn.com.  video.google.com Wed, 19 Nov 2008 08:44:36 PST ALR offers low cost affordable health insurance. video.google.com.  in.com Fri, 27 Aug 2010 19:19:51 PDT Watch free How to Find the Best Family Health Insurance Companies videos online at In.com. Get latest series of How to Find the Best Family Health ... in.com. From Google Video Search: "health insurance"  www2.timesdispatch.com Thu, 02 Sep 2010 04:28:31 GMT+00:00 -care reform's tax credits for small businesses Richmond Times Dispatch ... of federal tax credits to offset costs of employee health - insurance premiums are firms already offering health benefits, a new report suggests. ...  kaiserhealthnews.org Thu, 02 Sep 2010 11:02:47 GMT+00:00 Kaiser Health News (Kaiser Health News). About 16.6 million workers are employed by small businesses that are eligible for health insurance tax credits under the new ...  blogs.forbes.com Wed, 01 Sep 2010 22:26:50 GMT+00:00 Forbes (blog) The health insurance giant Cigna filed a cryptic press release after the market closed saying that its CFO Annmarie Hagan is out the door. ... Cigna CFO Hagan leaves company Reuters From Google News Search: "health insurance"  florida-medical-insurance.net 528px x 794px | 187.70kB [source page] Captive insurance companies may be defined as limited purpose insurance companies established with the specific objective of financing risks emanating from their parent group or groups This From Yahoo Image Search: "health insurance"  freeezinearticles.com Deepak Yohannan ue, 31 Aug 2010 11:02:15 GM Find the finest . health insurance. policy for you is apparently not the easiest task. One way is of course to call an agent and acquire exactly what he or she recommend. Chances are that you may not acquire the foremost . health insurance. ... From Google Blog Search: "health insurance" |
