Home Nursing Care Skilled care in the home provided by a nurse. The care generally must be ordered…Plan CoverDecember 7, 2021
Inpatient Services The care provided to a bed patient in a covered facility. Insurance Company: Any company…Plan CoverDecember 7, 2021
Moral Hazard The tendency of individuals, once insured, to behave in such a way as to increase…Plan CoverNovember 18, 2021
Non-contributory A term applied to employee benefit plans under which the employer bears the full cost…Plan CoverDecember 7, 2021
Out of Pocket Expenses Out of Pocket Expenses involves costs borne directly by a patient who lacks insurance benefits;…Plan CoverNovember 18, 2021
Out-of-pocket payments or costs Costs borne directly by a patient who lacks insurance benefits; sometimes called direct costs. Unless…Plan CoverDecember 7, 2021
Policy The legal document issued to the policyholder that outlines the conditions and terms of the…Plan CoverDecember 7, 2021
Policyholder A person who pays a premium to an insurance company in exchange for the insurance…Plan CoverDecember 7, 2021
Third-Party Administration Administration of a group insurance plan by some person or firm other than the insurer…Plan CoverDecember 7, 2021
Underwriting The process by which an insurer determines whether or not to accept an insurance application…Plan CoverDecember 7, 2021