healthsavingspool
nounUK /ˈhelθ ˈseɪvɪŋz puːl/
US /ˈhelθ ˈseɪvɪŋz puːl/
A health savings pool is a shared pot of money that people put aside to help pay for doctor visits and medicine.
Our family joined a health savings pool so we can afford checkups without worrying.
RELATED WORDS
OTHER MEANINGS
2. A group plan where coworkers combine money to cover each other's medical costs.
The small company set up a health savings pool for its ten employees.
3. Money saved specifically for future health expenses, like a rainy-day fund for wellness.
She dipped into her health savings pool to pay for new glasses.
4. A community program that collects donations to help neighbors pay medical bills.
The church's health savings pool helped cover the surgery for a local family.