Health insurance

Health insurance

Industry: Insurance

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Health insurance

underwriter

Insurance; Health insurance

The company that assumes responsibility for the risk, issues insurance policies and receives premiums.

Rescission is an insurance industry practice in which an insurer takes action retroactively to cancel a policy holder’s coverage by citing omissions or errors in the customer’s application, even if ...

provider

Insurance; Health insurance

Provider is a term used for health professionals who provide health care services. Sometimes, the term refers only to physicians. Often, however, the term also refers to other health care ...

out-of-pocket maximum

Insurance; Health insurance

A predetermined limited amount of money that an individual must pay out of their own savings, before an insurance company or (self-insured employer) will pay 100 percent for an individual’s health ...

outpatient

Insurance; Health insurance

An individual (patient) who receives health care services (such as surgery) on an outpatient basis, meaning they do not stay overnight in a hospital or inpatient facility. Many insurance companies ...

network

Insurance; Health insurance

A group of doctors, hospitals and other health care providers contracted to provide services to insurance companies customers for less than their usual fees. Provider networks can cover a large ...