Glossary · Marketplace
What is reinsurance?
Reinsurance is a reimbursement system that protects insurers from very high claims, usually by having a third party pay part of claims above a set amount.
Definition and figures from HealthCare.gov glossary, checked October 23, 2026. This page explains the term; it does not recommend a plan.
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Expand my textReinsurance: the facts
| Item | Fact | Source |
|---|---|---|
| Purpose | Stabilize the market and make coverage more affordable | HealthCare.gov glossary: Reinsurance |
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What does reinsurance mean in health insurance?
Reinsurance is a reimbursement system that protects insurers from very high claims, usually by having a third party pay part of claims above a set amount.