Health insurance protects against the risk of incurring medical expenses among individuals. By estimating the overall risk of health care and health system expenses, among a targeted group, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to ensure that money is available to pay for the health care benefits specified in the insurance agreement. According to the Health Insurance Association of America, health insurance is defined as "coverage that provides for the payments of benefits as a result of sickness or injury. Includes insurance for losses from accident, medical expense, disability, or accidental death and dismemberment.
Health benefits are administered by a central organization such as a government agency, private business, or not-for-profit entity.
Maybe you’re considering a move to Denver, Colorado and curious how healthcare reform is viewed in your potential new home. The state of Colorado ranks 8th on the Commonwealth Fund Scorecard on State Health System Performance 2015. The city of Denver itself has among the lowest rates of diabetes, obesity and physical inactivity. Low incidence of diabetes management and health screenings are among Colorado’s health challenges, along with a relatively high percentage of residents in low-care nursing homes.
Before the ACA reformed the individual health insurance market, health coverage was underwritten in nearly every state,
including Denver, Colorado. People with pre-existing conditions were often unable to purchase health coverage in the private market, only eligible for policies that excluded their preexisting conditions, or charged with premiums that were significantly higher than the base rate. Today you can now choose from a variety of supplemental plans that help with health care services.
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