Insurance Plan
/ɪnˈʃʊərəns plæn/
Definitions
- (n.) A formal arrangement or contract providing financial protection or reimbursement against specified losses or damages.
The insurance plan covers medical expenses incurred during hospitalization.
- (n.) A structured program under which health care services are prepaid or reimbursed, often managed by an insurer or third party.
Employees enrolled in the company’s insurance plan receive comprehensive health benefits.
Forms
- insurance plans
Related terms
See also
Commentary
The term broadly covers both the contractual aspect and the health care program context; clarity in drafting is essential to distinguish coverage scope and obligations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.