26 Terms
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Health insurance
Industry: Insurance
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Health insurance
fair market value
Health care; Managed care
A legal term variously interpreted by the courts, but generally meaning the price at which a willing buyer will buy and a willing seller will sell an asset.
grandfather clause
Health care; Managed care
A legal theory or contract clause that allows continued coverage aft er a contract for health, managed care, or other insurance has changed, based on the original agreement.
multiple employer trust (MET)
Health care; Managed care
A legal trust established by a plan sponsor that brings together a number of small, unrelated employers for the purpose of providing group medical coverage on an insured or self-funded basis.
letter of support
Health care; Managed care
A letter from the federal project officer justifying the need for Centers for Medicare and Medicaid data and supporting the requestor’s use of such data.
solicitor
Health care; Managed care
A licensed employee of a health insurance agent, company, or broker that acts for the agent or broker in some circumstances.
