"maximum out-of-pocket expense"
Maximum out-of-pocket expense - The maximum dollar amount a group member is required to pay out of pocket during a year. Until this maxi... [Read More]
"examples of managed care plans"
Managed care plans generally provide comprehensive health services to their members, and offer financial incentives for patients to us... [Read More]
"Health maintenance organization (HMO) "
A health care system that assumes both the financial risks associated with providing comprehensive medical services (insurance and s... [Read More]
Health Care Plans and Systems
Indemnity plan - A type of medical plan that reimburses the patient and/or provider as expenses are incurred. Conventional indemni... [Read More]
Group purchasing arrangement
Any of a wide array of arrangements in which two or more small employers purchase health insurance collectively, often through a common ... [Read More]
Flexible spending accounts or arrangements (FSA)
Accounts offered and administered by employers that provide a way for employees to set aside, out of their paycheck, pretax dollars to... [Read More]
DEFINITIONS OF HEALTH INSURANCE TERMS
In February 2002, the Federal Government’s Interdepartmental Committee on Employment-based Health Insurance Surveys approved the follo... [Read More]