The meaning of HEALTH INSURANCE is insurance against loss through illness of the insured; especially : insurance providing compensation for medical expenses.
A method of classifying sick or injured patients according to the severity of their conditions in order to ensure that medical facilities and staff are most effectively utilized. please note, however, that definitions of certain terms may vary across insurance companies. eHealthInsurance is the nation...
Common health insurance terms and definitions There is plenty of confusing health insurance industry jargon that you’re bound to encounter when you’re shopping for coverage. Let’s define some of these key terms: Premium:Your premium is the amount of money you pay to your health insurance com...
What is a premium, deductible, formulary, copay, EOB or funding accounts in health insurance plans? CDPHP helps you decode and explain common health plans and health insurance coverage terminologies.
An APS may be requested by an insurance company in lieu of a medical examination in order to determine the state of a health insurance applicant's health for underwriting purposes. please note, however, that definitions of certain terms may vary across insurance companies. eHealthInsurance is the...
There are many things that we need to know about our health insurance so that we can maximize its features and benefits, however, because of the legalese, we are left almost ignorant on the real definitions of policy terms. This article will help you understand the terminologies associated wit...
In honor of National Health Literacy Month, Sunflower Health Plansharedthe definitions to some basic health insurance terms with its members to improve member health literacy. During National Health Literacy Month, some payers take action to support members’ understanding of health ...
The meaning of HEALTH is the condition of being sound in body, mind, or spirit; especially : freedom from physical disease or pain. How to use health in a sentence.
The patient would not be limited by his or her insurance carrier. A more accurate comparison would have used a fee-for-service example whereby the patient has a high-deductible, patient-paid medical insurance plan without the current tax penalty under which patient-paid medical care must ...
Browse Investopedia’s expert-written library to learn more about the vocabulary surrounding health insurance.