The remaining 45% of health care funding comes from insurance premiums paid by the public, for which companies compete on price, though the variation between the various competing insurers is only about 5%. However, insurance companies are free to sell additional policies to provide coverage beyond the national minimum. These policies do not receive funding from the equalization pool, but cover additional treatments, such as dental procedures and physiotherapy, which are not paid for by the mandatory policy.
Health insurance is insurance that covers the whole or a part of the risk of a person incurring medical expenses, spreading the risk over a large number of persons. By estimating the overall risk of health care and health system expenses over the risk pool, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to provide the money to pay for the health care benefits specified in the insurance agreement. The benefit is administered by a central organization such as a government agency, private business, or not-for-profit entity.
Categories: English words suffixed with -nessEnglish terms with audio linksEnglish 2-syllable wordsEnglish terms with IPA pronunciationEnglish lemmasEnglish nounsEnglish uncountable nounsEnglish countable nounsen:Evolutionary theoryBritish EnglishEnglish slangen:Physical fitnessFrench terms borrowed from EnglishFrench terms derived from EnglishFrench 2-syllable wordsFrench terms with IPA pronunciationFrench terms with audio linksFrench lemmasFrench nounsFrench masculine nounsFrench uncountable nounsPolish terms borrowed from EnglishPolish terms derived from EnglishPolish terms with IPA pronunciationPolish lemmasPolish nounsPolish masculine nounsPolish singularia tantumPortuguese terms borrowed from EnglishPortuguese terms derived from EnglishPortuguese terms with IPA pronunciationPortuguese lemmasPortuguese nounspt:Artificial intelligenceSpanish lemmasSpanish nounsSpanish uncountable nouns