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Health Insurance Coverage

Written by: PeopleKeep Team
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Originally published on November 5, 2012. Last updated November 21, 2013.

Health insurance is insurance against the risk of incurring medical expenses among individuals. By estimating the overall risk of health care expenses 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.

Originally published on November 5, 2012. Last updated November 21, 2013.
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