Insurance Company
Health Insurance
An insurance company must be licensed by the Department of Insurance to sell health insurance. The insurer issues policies which outline coverage. An insurance policy is a contract between the insured and the insurance company. You pay your premiums to an insurance company. They then pay some or all of your medical provider's bills when you need treatment (see "provider").
- — Glossary of Health Insurance Terms retrieved 2014-05-18
Insurance companies package and sell insurance plans on the marketplace. One insurance company may offer several different plans with unique costs and benefits.
- — Glossary of Health Coverage and Medical Terms retrieved 2014-05-18