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Insurance
Insurance is a promise of compensation for specific potential future losses in exchange for a periodic payment. Insurance is designed to protect the financial well-being of an individual, company or other entity in the case of unexpected loss. Some forms of insurance are required by law, while others are optional. Agreeing to the terms of an insurance policy creates a contract between the insured and the insurer. In exchange for payments from the insured (called premiums), the insurer agrees to pay the policy holder a sum of money upon the occurrence of a specific event. In most cases, the policy holder pays part of the loss (called the deductible), and the insurer pays the rest. Examples include car insurance, health insurance, disability insurance, life insurance, and business insurance.
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Insurance > Health insurance 
disproportionate share adjustment
Health care; Managed care
A payment adjustment made under Medicare’s prospective payment system, or under the Medicaid system, for hospitals that serve a relatively large volume of low-income patients.
reverse capitation
Health care; Managed care
A payment method that capitates medical specialists but pays primary care physicians at some fee-for-service rate.
pension disability
Health care; Managed care
A pension payable in the event that an employee becomes totally and permanently disabled before normal retirement age.
contract year
Health care; Managed care
A period of 12 consecutive months, commencing with each anniversary date. May or may not coincide with a calendar year.
spell of illness
Health care; Managed care
A period of consecutive days, beginning with the first day on which a beneficiary is furnished inpatient hospital or extended care services, and ending with the close of the first ...
enrollment period
Health care; Managed care
A period of time certain to join Medicare or some other private health insurance, or managed care plan, either on an individual or group basis.
taxable year
Health care; Managed care
A period of time for which a report is to be made by a person or business, of income received, allowable deductions, etc., for income tax purposes. This is generally a calendar ...
Sub-categories
- Car insurance (39)
- Commercial insurance (92)
- General insurance (136)
- Health insurance (5560)
- Home insurance (17)
- Life insurance (3867)
- Medicare & Medicaid (23018)
- Travel insurance (7)