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The term generally used to describe a form of insurance that pays for expenses physicians. It is sometimes used more broadly to include insurance covering disability or long-term nursing or custodial care needs. Covered groups or individuals who pay premiums or taxes to help protect health care costs high or unexpected.
Health insurance works by estimating the risk overall healthcare costs and developing a routine finance structure (such as a monthly premium or annual tax) that ensures that the money available to pay healthcare benefits specified in the insurance agreement. I, E: Life Insurance California, California Home Insurance.
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