Health insurance settlement is an agreement between an insurance company and an insured party that determines the amount of compensation owed for medical expenses incurred by the insured party. Synonyms for health insurance settlement include reimbursement, payment, compensation, remittance, indemnity, and reparation. These terms all refer to the monetary compensation that an insurance company provides to an insured party to cover medical expenses. Some other related terms include claims processing, claims settlement, and claims adjustment, which describe the process of filing and resolving health insurance claims. Regardless of the terminology used, health insurance settlements play a critical role in ensuring that individuals are able to access the medical care they need without facing financial hardships.