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Health insurance is a type of contract in which a company agrees to pay some of a consumer's medical expenses in return for payment of a monthly premium.| Investopedia
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The Affordable Care Act is the federal statute that was signed into law in 2010 as part of the healthcare reform agenda of the Obama administration.| Investopedia
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Life insurance is a contract in which an insurer, in exchange for a premium, guarantees payment to an insured’s beneficiaries when the insured dies.| Investopedia
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An insurance premium is the amount of money an individual or business pays for an insurance policy.| Investopedia