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• Insurance companies package and sell insurance plans on the marketplace. One insurance company may offer several different plans with unique costs and benefits.

  Maryland Health Connection - Cite This Source - This Definition
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  Cite Definition for Insurance Company

  American Psychological Association (APA)

  Insurance Company. (n.d.). Glossary of Health Coverage and Medical Terms. Retrieved February 3, 2023, from website: http://www.expertglossary.com/definition/insurance-company.

  Chicago Manual of Style (CMS)

  Insurance Company. marylandhealthconnection.gov. Glossary of Health Coverage and Medical Terms. Maryland Health Connection. http://www.expertglossary.com/definition/insurance-company (accessed: February 3, 2023).

  Modern Language Association (MLA)

  "Insurance Company." Glossary of Health Coverage and Medical Terms. Maryland Health Connection. 3 February. 2023 http://www.expertglossary.com/definition/insurance-company.

• 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").
  California Department of Insurance - Cite This Source - This Definition
  ×

  Cite Definition for Insurance Company

  American Psychological Association (APA)

  Insurance Company. (n.d.). Glossary of Health Insurance Terms. Retrieved February 3, 2023, from website: http://www.expertglossary.com/definition/insurance-company.

  Chicago Manual of Style (CMS)

  Insurance Company. www.insurance.ca.gov. Glossary of Health Insurance Terms. California Department of Insurance. http://www.expertglossary.com/definition/insurance-company (accessed: February 3, 2023).

  Modern Language Association (MLA)

  "Insurance Company." Glossary of Health Insurance Terms. California Department of Insurance. 3 February. 2023 http://www.expertglossary.com/definition/insurance-company.

• Browse Related Terms: Appeal, Attest/Attestation, Carriers, Certificate of Coverage, Certificate of Creditable Coverage, Exclusions and/or Limitations, Independent Medical Review (IMR), Insurance Company, Medical Underwriting, policy, Reinsurance, Solvency, Summary of Benefits and Coverage, Summary of Benefits and Coverage (SBC)