What's the benefit?
Insurance Terms
Is it covered?
Which department is it?
OFF THE CLOCK!!
100

The deductible for indemnity groups

What is $300?

100

An amount that must be satisfied before benefits apply 

What is a deductible?


100

Overseas services under this plan require pre-authorization

What is a value plan?

100

Who is responsible for providing precertification for services?

Who is the clinical care department?


100
A form of financial protection that eases the financial burden people may experience as a result of illness or injury
What is health insurance
200

The out of pocket max for a member with a select 500 plan

What is 5000

200

The acronym EOB stands for 

What is explanation of benefits?


200

Newly popularized drug traditionally used for regulating blood sugar levels. 

What is a GLP-1 drug?

What is ozempic-mounjaro



200
Insurance that provides protection against loss of life for only a specified term, or period of time
What is term insurance
200
The percentage of the medical expenses the policy holder must pay in addition to the deductible amount
What is coinsurance
300

laboratory services outside of annual labs are covered at 

What is 80/20

300

Participating providers that have entered into a contractual agreement with the Company to provide medical services to members at pre-negotiated fees are considered this. 

What is in-network?

300
Cosmetic dental procedure used to cover imperfections in smiles 

What is veneers?

300
A permanent policy for which you pay a specified premium each year for th rest of your life
What is whole life insurance
400

for indemnity groups, this is the maximum amount allowed for preventative care

What is a $500

400

Payments that must be paid by a member as a condition of receiving certain covered services.  


What is copayment? 

400
Payment based on the replacement cost of an item minus depreciation
What is actual cash value
400
The accumulated savings from a whole life insurance policy
What is cash value
400
A group of doctors and hospitals that agree to provide specified medical services to members at prearranged fees
What are preferred provider organization (PPO)
500

The typical annual dental benefit

What is a $1500

500

 The limit of co-payments, deductible and co-insurance that must be paid by a member in a calendar year. 

What is the out-of-pocket maximum?

500
Receiving the full cost of repairing or replacing an item
What is replacement value
500

Which department is responsible for handling coordination of benefits with other insurers?

What is claims 

500
A federally funded health insurance program available mainly to people over 65 and to people with certain disabilities
What is medicare