:max_bytes(150000):strip_icc()/GettyImages-1036290704_2400-a0add133324a4892b365358ab661634e.jpg)
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
:max_bytes(150000):strip_icc()/affordable-care-act.asp-final-43c18941b07c4e49b29738891503d38d.png)
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
:max_bytes(150000):strip_icc()/147323400-5bfc2b8c4cedfd0026c11901.jpg)
A preexisting condition is an illness or health condition that existed prior to applying for health or life insurance.| Investopedia