Definition: The word "health insurance" refers to a program that covers medical expenses for individuals or families who are unable to pay their own costs, including the cost of doctor's visits, hospitalization, medications, and other medical procedures. There are many different types of health insurance plans available in the United States, but some common ones include: 1. Health Maintenance Organizations (HMOs): These plans require patients to sign up for a contract that outlines the plan's coverage and terms, such as deductibles, copays, and out-of-pocket maximums. 2. Employee Health Insurance: Employees typically have their own health insurance provided by their employer or through a group health plan offered by the company. 3. Medicare: This program is available to people who are eligible for Social Security benefits (but not for veterans), and it covers medical expenses for covered services provided by hospitals, clinics, and other providers. 4. Medicaid: This is the federal government's Medicaid program, which provides healthcare coverage to low-income individuals and families with disabilities. 5. Affordable Care Act: The Affordable Care Act (ACA) was a law passed in 2010 that expanded access to health insurance for millions of Americans by providing subsidies through the Health Insurance Marketplace and expanding Medicaid eligibility for many people who were previously uninsured. The term "us" refers to individuals or families, while "health" refers to physical or mental well-being.
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