Health insurance

Health insurance

Industry: Insurance

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Health insurance

paid claims

Health care; Managed care

Amounts paid to providers based on the health plan.

occurrence

Health care; Managed care

An accident or sickness that results in an insured loss.

inevitable accident

Health care; Managed care

An accident that can neither be foreseen nor prevented.

codicil

Health care; Managed care

An addendum or supplementary document making an addition to or change in a will. It is subject to the same legal formalities of execution (e.g., witnesses) as the will.

An additional agreement or rider broadening an insurance contract. A provision in certain health policies (usually group) to allow the insured to receive benefits for specific losses sustained aft er ...

bonus payment

Health care; Managed care

An additional amount paid by Medicare for services provided by physicians in health professional shortage areas. Varies with Medicare’s share of allowed charges.

optional benefit

Health care; Managed care

An additional benefit offered by an insurance company that may be included in a policy at the applicant’s request, usually for an additional premium. Waiver of premium and accidental death benefit ...