Health insurance

insurance which provides compensation for medical expenses in the case of illness

Health insurance is a is a form of group insurance, where individuals pay premiums or taxes in order to help protect themselves from high or unexpected healthcare expenses. Health insurance works by estimating the overall "risk" of healthcare expenses and developing a routine finance structure (such as a monthly premium, or annual tax) that will ensure that money is available to pay for the healthcare benefits specified in the insurance agreement. The healthcare benefit is administered by a central organization, which is most often either a government agency, or a private or not-for-profit entity operating a health plan.
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Health insurance n. Insurance against expenses incurred through illness of the insured. health insurance Accident & health insurance, accident [more]Health insurance - Community and Resources

Noun
1. insurance against loss due to ill health
(hypernym) insurance
(hyponym) hospitalization insurance, hospitalization

Insurance plans that include coverage for medical care, dental care, and vision care.