Learn insurance industry vocabulary that will help you better understand your insurance policies. Health insurance also referred to as medical insurance or health care insurance refers to insurance that covers the cost of a policyholders medical expenses. These glossary terms and definitionsare intended to be educational and may be different from the terms and definitions in your plan. Find understandable and helpful definitions for common health insurance and healthcare terms in medical mutuals health insurance glossary. Ambulatory services health services provided to members who are not confined to a health care institution. Understand all of the health insurance terms that are important to know throughout the enrollment process. How much the insurance covers and how much the policyholder pays depends on the type of insurance. Health insurance glossary understanding health care terms. This limit never includes your premium, balance billed charges or health care your health insurance or plan doesnt cover. Insurance holding company system consists of two or more affiliated persons, one or more of which is an insurer. Health care services that help a person keep, learn or. In the united states, this level is determined by the department of health and human services. Health insurance glossary health insurance definitions and. Every industry has its own jargon, and the health and life insurance business is no.
Health insurance glossary understanding healthcare terms. Some of these terms also might not have exactly the same meaning when. In most states, the federal government runs the marketplace sometimes known as the exchange for individuals and families. Some health insurance or plans dont coun t all of your copayments, deductibles, coinsurance payments, out ofnetwork payments or other expenses. Insurance regulatory information system iris a baseline solvency screening system for the national association of insurance commissioners naic and state insurance regulators established in the mid1970s. To help you better understand health insurance, heres a list of the most. Health insurance glossary health insurance definitions. Members can take a free confidential hearing test by phone.
Use this informative health and life insurance glossary to understand the definitions of many commonly used insurance terms. Also called an exchange, a health insurance marketplace is a place where you can buy health coverage online. Intrastate operating authority and insurance filing by state in commercial auto insurance april 2020 business income loss from the coronavirus in the risk report april 2020 intellectual property and media liability insurance market survey2020 in the betterley report april 2020. Maryland health connection marylands official health insurance marketplace. These may range from a freestanding center to a special area within a hospital and are.
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Glossary of health insurance terms december 12, 2008 broker a salesperson who has obtained a state license to sell and service con tracts of multiple health plans or insurers, and who is considered to be an agent of. Glossary of health coverage and medical terms this glossary defines many commonly used terms, butisnt a full list. Health insurance glossary and key terms health insurance policies can get confusing fast. Health insurance glossary understanding health care. Agent an insurance company representative licensed by the state who solicits and negotiates contracts of insurance, and provides service to the policyholder for the insurer. If you qualify for a tax credit or subsidy to help pay for your coverage, you must buy your health plan through the federal health insurance marketplace, located at healthcare. Tax free savings accounts used to pay medical expenses for. Glossary of life insurance terms department of financial. Durable medical equipment dme early and periodic screening, diagnostic, and treatment services epsdt eligibility assessment.
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Health services provided to members who are not confirmed to a health care institution. Insurance regulatory information system iris a baseline solvency screening system for. These glossary terms and definitionsare intended to be educational and may be different from the terms and definitions in your plan or health insurance policy. Life insurance resource center glossary of life insurance terms agent an insurance company representative licensed by the state who solicits and negotiates contracts of insurance, and provides. Health insurance glossary terms hawaii department of. Care health plan hopes that this first edition of the englishspanish managed care glossary of termsis used to improve communication with spanish speakers. Intrastate operating authority and insurance filing by state in commercial auto insurance april 2020 business income loss from the coronavirus in the risk report april 2020 intellectual property and. Learn insurance industry vocabulary that will help you better understand your. Health care services that your health insurance or plan doesnt pay for or cover. Group health insurance a coverage plan offered by an employer or other organization that covers the individuals in that group and their dependents under a single policy.
Definitions of health insurance terms in february 2002, the federal governments interdepartmental committee on employmentbased health insurance surveys approved the following set of definitions for use in federal surveys collecting employerbased health insurance data. Check out our health insurance glossary full of information and terms commonly used in the health industry. Ahps would compete on the basis of offering highquality, lowcost care and would offer insurance and health care. Webmd provides definitions of terms related to health insurance, the affordable care act and medicare. That is why choosing a health insurance plan that is. This page provides a glossary of insurance terms and definitions that are commonly used in the insurance business. Health maintenance organization hmo a health care system that assumes both the financial risks associated with providing comprehensive medical services insurance and service risk and the.
Pdf veterans pdf people with substance use disorders pdf. On march 23, 2010, president obama signed the patient protection and affordable care act ppaca into law. Health insurance glossary health insurance private. Pdf knowledge of health insurance terminology and details. Health insurance glossary pdf health insurance rates. This glossary of health insurance and healthcare terms defines commonly used terms, is intended for educational purposes and may differ from language used in your policy. Introduction 490 learning objectives 490 taxation of health insurance policies 490 disability income insurance 492 medicare supplement and longterm care. When making decisions about health coverage, consumers should know the specific meanings of terms used to discuss health insurance. Get a free quote in under 5 minutes with our online form. A complaint that you communicate to your health insurer or plan. Glossary of health insurance terms blue cross and blue shield of. The federal poverty level fpl is the set minimum amount of.
You can get a copy of the policy at or you may call 1800xxxxxxx. An individual plan can cover you andor any of your eligible family members. Insweb insurance glossary of insurance terms need to know what those insurance words mean. The discontinuance of an insurance policy before its normal expiration date, either by the insured or the company. Durable medical equipment dme early and periodic screening.94 1306 231 1276 1204 182 988 1401 1104 1188 722 485 655 490 136 1072 1424 7 269 1486 1579 1237 1253 33 285 654 1456 733 487 694 417 18 957 1160 922 1321 885 740 30 1306