Health insurance

Health insurance

Industry: Insurance

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Health insurance

facility

Health care; Managed care

A licensed, certified, or accredited facility that provides inpatient and outpatient services. Examples of facilities are hospitals, nursing facilities, and ambulatory surgical facilities.

facility to treat chemical dependency

Health care; Managed care

A licensed, freestanding facility that is approved by an insurer to provide treatment for chemical dependency conditions.

open debit

Health care; Managed care

A life and health insurance debit (territory) currently without an agent.

A life and health insurance policy provision (oft en required by law) giving the policy owner 10 days to review a new policy. If the policy owner is not satisfied with the policy, it can be returned ...

incontestable clause

Health care; Managed care

A life and health insurance policy provision that states that the insurance company may not contest payment of benefits (assuming premiums have been paid) aft er a specified period, usually 1–3 years ...

waiver of premium with disability income rider

Health care; Managed care

A life insurance rider that pays a monthly income and waives the policy owner’s obligation to pay further premiums in the event that he or she becomes totally and permanently disabled.

branch manager

Health care; Managed care

A life or health insurance company employee who manages one of the company’s branch offices. The branch manager is in charge of all activities of the branch office and is responsible for hiring and ...