Insurances.net
insurances.net » Health Insurance » Health Insurance Terminology
Auto Insurance Life Insurance Health Insurance Family Insurance Travel Insurance Mortgage Insurance Accident Insurance Buying Insurance Housing Insurance Personal Insurance Medical Insurance Property Insurance Pregnant Insurance Internet Insurance Mobile Insurance Pet Insurance Employee Insurance Dental Insurance Liability Insurance Baby Insurance Children Insurance Boat Insurance Cancer Insurance Insurance Quotes Others
]

Health Insurance Terminology

Health Insurance Terminology

You cannot be sure that you've gotten the best health insurance coverage unless you understand health insurance terminology

. Here are some of the most commonly used terms in the health insurance industry.

COBRA: The Act that allows for continuation of group coverage for a limited time after you leave the group.

Co-insurance: The amount you must pay for treatment after copayments and deductibles.

Copayment: The fixed amount that you must pay out-of-pocket for physician visits, medical procedures and prescription medications.

Deductible: The out-of-pocket amount you must pay before your policy benefits start kicking in.

Exclusions: Any medical conditions or illnesses whose expenses are not covered by your insurance policy.

HIPAA: A health insurance Act that sets privacy standards in an electronic world and guarantees portability of coverage and new policy issue after COBRA benefits run out, as long as there has not been a significant break in coverage (varies by state but usually at least 63 days).

HMO: A type of insurance policy that allows only treatment within a set network of physicians and facilities.

Lifetime limit: The maximum amount your insurer will pay out in benefits.

PPO: The type of insurance policy that has a network of physicians but still allows you to visit physicians and facilities outside the network for a reduced benefit.

Pre-certification: Some insurance companies require that you get preapproval from them before you have surgery or other medical procedures. This is called a pre-certification.

Pre-existing conditions: Any illness, injury or chronic disease you suffered from before you took out your insurance policy is considered a pre-existing condition.

Premiums: The fee that you pay to your insurance company monthly, annually or quarterly is your premium.

Underwriting: The process of reviewing and evaluating the risk you pose to the insurance company based on your medical history.

Waiting period: The amount of time you must wait before your pre-existing conditions are covered by your policy.

by: Haz Duell
Massage Spa Alleviate Soreness Sooner Massage Therapy Alleviate Hurts Faster Massage Therapists Alleviate Cramps Faster With The Help Of A Professional A DOCTOR'S DIARY How to Get Rid of Foul Vaginal Discharge - Natural Ways to Alleviate Feminine Odor Issues Pregnancy Massage Alleviate Aches Due To Pregnancy More Effectively Massage Therapists Alleviate Hurts More Effectively With The Help Of A Professional How To Easily Finance Your Health Care Insurance Bills Using Profits From Your Hobbies An Insiders Look At Health Insurance In Florida How A Northfield Chiropractor Alleviates Headaches Naturally With Chiropractic Uses Use Caution When Buying Health Insurance In Virginia Choosing A Doctor For Health Insurance Guaranteed Issue Health Insurance For People With Pre-existing Conditions
Write post print
www.insurances.net guest:  register | login | search IP(35.173.48.18) / Processed in 0.009443 second(s), 6 queries , Gzip enabled debug code: 30 , 2206, 960,
Health Insurance Terminology