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• A reimbursement system that protects insurers from very high claims. It usually involves a third party paying part of an insurance company’s claims once they pass a certain amount. Reinsurance is a way to stabilize an insurance market and make coverage more available and affordable.

  U.S. Centers for Medicare & Medicaid Services - Cite This Source - This Definition
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  Cite Definition for Reinsurance

  American Psychological Association (APA)

  Reinsurance. (n.d.). HealthCare.gov Glossary. Retrieved February 1, 2023, from website: http://www.expertglossary.com/definition/reinsurance.

  Chicago Manual of Style (CMS)

  Reinsurance. HealthCare.gov Glossary. U.S. Centers for Medicare & Medicaid Services. http://www.expertglossary.com/definition/reinsurance (accessed: February 1, 2023).

  Modern Language Association (MLA)

  "Reinsurance." HealthCare.gov Glossary. U.S. Centers for Medicare & Medicaid Services. 1 February. 2023 http://www.expertglossary.com/definition/reinsurance.

• Insurance purchased by insurers from other insurers to limit the total loss an insurer would experience in case of a disaster or unexpectedly high claims.

  Minnesota Department of Commerce, Insurance - Cite This Source - This Definition
  ×

  Cite Definition for Reinsurance

  American Psychological Association (APA)

  Reinsurance. (n.d.). Glossary of Health Insurance Terms. Retrieved February 1, 2023, from website: http://www.expertglossary.com/definition/reinsurance.

  Chicago Manual of Style (CMS)

  Reinsurance. mn.gov. Glossary of Health Insurance Terms. Minnesota Department of Commerce, Insurance. http://www.expertglossary.com/definition/reinsurance (accessed: February 1, 2023).

  Modern Language Association (MLA)

  "Reinsurance." Glossary of Health Insurance Terms. Minnesota Department of Commerce, Insurance. 1 February. 2023 http://www.expertglossary.com/definition/reinsurance.

• 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)