Vocab
The amount of time that an individual must wait to become eligible for coverage or a specific benefit.
What is a waiting period?
Type of insurance that would help to cover the cost of glasses and/or contacts.
What is vision insurance?
MOOP
What is Max out of pocket
typically include services like blood panels and urinalysis
What are Lab Fees?
A document sent by an insurer to a patient explaining what was covered for a medical service.
What is Explanation of Benefits?
Conditions like acquired immunodeficiency syndrome, attempted suicide, cancer, losses due to injury on the job, and pregnancy are reasons why a person should not be allowed to deduct expenses
What is a Policy Limitation?
Insurance that would cover fillings, teeth cleaning and/or braces.
What is dental insurance?
CHIP
What is the Childrens Health Insurance Program
medical procedures or tests that can be done in a medical center without an overnight stay.
What are Outpatient Services?
The amount that the insured person must pay out of pocket for services at a doctor's office.
What is Co-payment?
The approval of or concurrence with the treatment plan proposed by a medical professional before the provision of services will be covered by insurance
What is Preauthorization
Insurance to help covers expenses should you not be able to work due to an injury.
What is disability insurance?
HMO
What is health maintenance organization
the department of a hospital that provides immediate treatment for acute illnesses and trauma
What is the Emergency Room?
The amount a person must pay for health expenses before the insurance covers the cost.
What is a deductible?
A federal program for people age 65 or older that pays for certain healthcare expenses.
What is Medicare?
Insurance that provides financial payment to a beneficiary in the event of death.
What is life insurance?
PPO
What is preferred provider organization
A type of test used to help diagnose a disease or condition. Mammograms and colonoscopies are examples
What is Diagnostic Testing?
A Federal law that lets you continue to buy health insurance for up to 18 months after you lose your job?
What is COBRA?
A type of health insurance that covers certain services for a set time period (12 months or less).
What is short term health insurance?
Form of insurance that provides payment for medical care when a person in injured on the job.
What is Worker's Compensation?
ACA
What is the affordable care act
is a meeting between a patient with a physician to get health advice or treatment
What are Doctors Visits?
The amount the policy-holder or his/her employer pays to the health plan each month to purchase health coverage.
What is a Premium?