10 Terms
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Health insurance
Industry: Insurance
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Health insurance
zero-based budgeting
Health care; Managed care
A budget method that requires accountability for the line item existence and funding needs of existing and new health services programs.
intrinsic value
Health care; Managed care
A call option is said to have intrinsic value when the market price of the underlying health care security is greater than the exercise price. A put option is said to have intrinsic value when the ...
out-of-pocket limit
Health care; Managed care
A cap placed on out-of-pocket costs, aft er which benefits increase to provide full coverage for the rest of the year.
identification (ID) card
Health care; Managed care
A card given to each person covered under a health plan that identifies an insured as being eligible for benefits.
program management
Health care; Managed care
A Centers for Medicare and Medicaid Services (CMS) operational account. Program management supplies the agency with the resources to administer Medicare, the federal portion of Medicaid, and other ...
