Health insurance is a contract between a policy holder and an insurance company where the company assumes the large financial risk of health care expenses in exchange for the individual paying a small amount, the premium, each month. The company spreads the cost of health care losses over a number of people. Health insurance agent. A person licensed by the state of Oregon and authorized by an insurance company to sell and service insurance plans on its behalf. An agent's powers are limited by the terms of his company's contract and by state laws.
Agents can represent more than one insurance company.
A type of managed care plan. HMOs provide a full range of services to members. Members must receive all care from HMO network providers. A primary care physician oversees all health care decisions and makes referrals. You pay monthly premiums and co-payments for office visits.