definition of health insurance coverage
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Health insurance The benefit is administered by a central organization such as a government agency, private business, or not-for-profit entity. According to the Health Insurance Association of America, health insurance is defined as coverage that provides for the payments of benefits as a result of sickness or injury.
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HIPAA Definition. Health Insurance Portability and Accountability Act. A law mandating that anyone belonging to a group health insurance plan must be allowed to purchase health insurance within an interval of time beginning when the previous coverage is lost.efinition. Health Insurance Portability and Accountability Act. A law mandating that anyone belonging to a group health insurance plan must be allowed to purchase health insurance within an interval of time beginning when the previous coverage is lost.
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- › the ​agreement in which you ​pay a ​company ​money and the ​company ​pays the ​cost if you have an ​accident, ​injury, or ​loss: ​fire/​health/​life insurance. (Definition of insurance from the Cambridge Academic Content Dictionary © Cambridge University Press). See all translations.
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Insurance Glossary - Understanding Common Terms A type of coverage that pays benefits, when an accident occurrs or a medical problem arrises, sometimes including reimbursement for loss of income, in case of sickness, accidental injury, or accidental death.
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- Definitions for common health insurance terms. subsidies. DEFINITION: Individual subsidies were included in the health reform law to help ensure the goals of the legislation’s individual mandate.
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Health insurance: How it protects you from health and financial risks Health insurance covers essential health benefits critical to maintaining your health and treating illness and accidents. Health insurance protects you from unexpected, high medical costs. You pay less for covered in-network health care, even before you meet your deductible.
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What Is a Health Insurance Premium? Updated March 20, 2017. A health insurance premium is a monthly fee paid to an insurance company or health plan to provide health coverage. Health care coverage typically includes all or part of the cost of health-related services such as doctor visits, hospitalizations, prescriptions, and medications.
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What Is a Health Insurance Premium? In short, the premium is the payment that you make to your health care provider annually that keeps coverage fully active. If a premium is not fully paid, a health care provider may suspend of cancel services until the amount is paid in full.
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qualified health plan Health Insurance Glossary. DEFINITION: Under the ACA, the designation of qualified health plan (QHP) is given to health insurance plans that are sold in the marketplace (exchange).efinitions for common health insurance terms. DEFINITION: Under the ACA, the designation of qualified health plan (QHP) is given to health insurance plans that are sold in the marketplace (exchange).
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Is ObamaCare Universal Health Care? Universal health care, sometimes referred to as universal health coverage, universal coverage, or universal care, usually refers to a health care system which provides health care and financial protection to all citizens of a particular country.
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What Is a Health Insurance Premium? In short, the premium is the payment that you make to your health care provider annually that keeps coverage fully active. 1  If a premium is not fully paid, a health care provider may suspend or cancel services until the amount is paid in full. 2  That $200 monthly fee is your health insurance premium.
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What is insurance What is insurance. Insurance is a special type of contract between an insurance company and its client in which the insurance company agrees that on the happening of certain events the insurance company will either make payment to its client or meet certain costs.
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individual health insurance Definitions for common health insurance terms. individual health insurance. DEFINITION: Individual health insurance is coverage that you purchase on your own, on an individual or family basis, as opposed to obtaining via an employer. Individual health insurance can be purchased through the exchange, or off-exchange (directly from the health insurance carrier).
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Indemnity Insurance An indemnity insurance policy is a type of health insurance plan. A medical indemnity insurance plan is also known as a reimbursement plan because the insurance reimburses the covered individual regardless of where or with whom the covered individual receives health care services from. The insurance company then pays a set portion of your total charges.
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- Health Insurance Glossary. DEFINITION: Individual health insurance is coverage that is purchased on an individual or family basis, as opposed to being offered by an employer.
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COBRA A health insurance plan which allows an employee who leaves a company to continue to be covered under the company's health plan, for a certain time period and under certain conditions. The name results from the fact that the program was created under the Consolidated Omnibus Reconciliation Act.
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Health insurance Health insurance. Historically, Health maintenance organizations (HMO) tended to use the term health plan, while commercial insurance companies used the term health insurance. A health plan can also refer to a subscription-based medical care arrangement offered through HMOs, preferred provider organizations, or point of service plans.
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Health insurance Health insurance. Health insurance is insurance that covers the whole or a part of the risk of a person incurring medical expenses, spreading the risk over a large number of persons.
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health insurance exchange health insurance exchange. A state provided health insurance plan that is federally subsidized. An example is President Barack Obama's health care reform to help more people afford health insurance and spread the risk between the insurance companies and the state and federal government. Health insurance exchanges are not able to exclude people due to pre-existing conditions.
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Health Insurance Test Terms A qualified health insurance plan—that is, a plan certified to be sold on the Health Insurance Marketplace—must cover ten essential benefits. These benefits include mental health care and substance abuse treatment as well as rehabilitation and habilitation services.
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- Health Insurance. A health insurance premium is a monthly fee paid to an insurance company or health plan to provide health coverage. Health care coverage typically includes all or part of the cost of health-related services such as doctor visits, hospitalizations, prescriptions, and medications.
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Health insurance 1 Coverage limits: Some health insurance policies only pay for health care up to a certain dollar amount. 2  The insured person may be expected to pay any charges in excess of the health plan's maximum payment for a specific service. 3  In addition, some insurance company schemes have annual or lifetime coverage maxima.
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- Definitions for common health insurance terms. DEFINITION: Individual health insurance is coverage that is purchased on an individual or family basis, as opposed to being offered by an employer.
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Romazicon Regadenoson Side Effects. Get emergency medical help if you have any of these signs of an allergic reaction: hives; difficulty breathing; swelling of your face, lips, tongue, or throat. Tell your caregiver right away if you have: severe dizziness, fast heartbeats, and warmth or a tingly feeling;
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Insurance Claims Let's start with a simple definition. A health insurance claim is a bill for health care services that your health care provider turns in to the insurance company for payment.very time you go to a new doctor, you do the same thing: Fill out long forms with all your insurance information, then give your insurance card to the receptionist.
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- Popular Terms. A plan that provides health insurance to a group of people, a common example is company-wide insurance for employees. The benefits are usually standardized across all benefactors, and such plans are usually cheaper than individual plans because the risk to the issuer is spread out through an entire group.