A fixed dollar amount that must be paid or "met" once a year, in addition to the premium, before the third-party payer begins to cover medical expenses.
Describes a medical procedure that is medically necessary but is not required to sustain life by the patient or the physician.
Describes the process of the provider contacting the insurance plan to see if the proposed procedure is a covered service under the patient's insurance plan.
Covers injuries that are caused by the insured or that occurred on the insured's property.
The oldest and most expensive type, repay policyholders for costs of health care due to illnesses and accidents.
Managed care plans pay their participating physicians in one of two ways-either by contracted fees or a fixed prepayment.
Preferred provider organization (PPOs)
A managed care plan that establishes a network of providers to perform services for plan members.
Health maintenance organization (HMO)
Physicians with these contracts are often paid a capitated rate, or they may be employees of the organization who are paid salaries.
Original Medicare Plan
Allows the beneficiary to choose any licensed physician certified by Medicare.