Insurance in the United States refers to the market for risk in the United States, the world's largest insurance market by premium volume.[1] Of the $4.640 trillion of gross premiums written worldwide in 2013, $1.274 trillion (27%) were written in the United States.[1]
Insurance, generally, is a contract in which the insurer agrees to compensate or indemnify another party (the insured, the policyholder or a beneficiary) for specified loss or damage to a specified thing (e.g., an item, property or life) from certain perils or risks in exchange for a fee (the insurance premium).[2] For example, a property insurance company may agree to bear the risk that a particular piece of property (e.g., a car or a house) may suffer a specific type or types of damage or loss during a certain period of time in exchange for a fee from the policyholder who would otherwise be responsible for that damage or loss. That agreement takes the form of an insurance policy.[3]
Health Insurance
Get information on health insurance, including Medicaid, Medicare, and find help paying for medical bills.
- Finding Health InsuranceOfficial government information on getting common types of health insurance.
- Medicaid and CHIPLearn about Medicaid, low cost or free healthcare for people with low incomes.
- MedicareGet answers to common questions about Medicare, a health insurance program from the federal government.
- Paying for Medical CareLearn about sources of financial help for medical care.