risk pool
Collective insurance group
A risk pool is a group of people or entities whose risks are combined for insurance purposes.
By spreading potential losses across many participants, insurers can predict costs more reliably and offer coverage that might be unaffordable individually.
The state created a high-risk pool for people denied private health insurance.
Risk pools work because not everyone files claims simultaneously.
- reinsuranceInsurers insuring themselves
- deductibleOut-of-pocket threshold amount
- Affordable Care ActUS healthcare reform law
- insurance marketplacePlatform for buying coverage
- open enrollmentDesignated benefits signup window
premium · policyholder · claim · Medicaid · group · diversification · underwriting · actuarial tables · mortality rate · share · universal coverage · regulation · single-payer system · shared responsibility · expected value · subsidy · subscribers · members
- health insurancepremium, deductible, copay, coverage, health insurance card
- risk sharinginsurance, pooling, mutual aid, underwriting, indemnity
- risk pools
- takafulparticipant, participants, contribution, contributions
- insuranceinsurance, coverage, auto insurance, life insurance, home insurance
- financial contractsfutures contract, forward contract, insurance policy, derivative, annuity