Meaning of the word "health insurance" in English

What does "health insurance" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

health insurance

US /ˈhelθ ɪnˌʃʊr.əns/
UK /ˈhelθ ɪnˌʃʊr.əns/
"health insurance" picture

Noun

1.

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

Example:
Do you have health insurance?
Many companies offer health insurance as part of their employee benefits.
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