Glossary of Terms
Annual Deductible — The amount
you pay for covered expenses first, before an insurance
plan begins to pay benefits. Some plans require deductibles
for all services, some for just certain types of services;
others require no deductible at all.
Co-Pay/Co-Insurance — The flat
amount or percentage you pay for a covered service after
you satisfy the annual deductible, if applicable.
Covered Expenses — Charges for
services that are medically necessary and eligible for
payment under the plan contract.
Emergency — A sudden, unexpected
or serious acute illness, injury or condition which
could permanently endanger your health if medical treatment
is not received immediately.
HMO (Health Maintenance Organization) — An organization that provides a wide range of
comprehensive health care services through a designated
group, network of doctors, hospital or lab. To receive
benefits, you must see the doctor you select as your
Primary Care Physician (PCP) first for care or a referral,
except in the case of an emergency. Your choice of doctors
is restricted to those in the network.
IPA (Independent Physicians Association) — Primary Care Physicians who practice in his/her
own office, but are part of a larger network of physicians.
Individual Insurance — Health
care coverage for individuals or single family units.
Limited Fee Schedule — A list
of maximum amounts the insurance carrier will pay for
certain services provided by non-network providers.
You are responsible for paying your co-insurance and
any amount over the limited fee schedule.
Network/In-Network — The term
used for services received from doctors, hospitals and
other providers contracted with the carrier to provide
care at the negotiated fee and to handle the paperwork.
Out-of-Network/Non-Network —
The term used for services received from doctors, hospitals
or other providers that are not part of the network.
You pay substantially more for Out-of-Network services.
Out-of-Pocket Maximum — The most
you pay for covered expenses during the year before
the plan begins paying 100% of covered expenses for
the rest of the year. Only covered expenses count toward
the maximum. For example, any charges above the limited
fee schedule for out-of-network doctor's services do
not count.
PCP (Primary Care Physician) —
The doctor who serves as your health care manager and
coordinates virtually all of the health care services
you receive. Your PCP provides you with routine medical
care and refers you to a specialist if necessary.
PMG (Participating Medical Group) —
A group of doctors, both primary care physicians and
specialists, who are practicing in one location to provide
health care services. Most medical services, including
special exams, x-ray and laboratory tests are available
in one convenient location.
PPO (Preferred Provider Organization) — Health care providers who are under contract
to provide care at discounted or fixed fees. Unlike
HMOs, health plans with a PPO allow you to choose any
doctor at any time. However, if you select a non-PPO
provider you will pay more out of pocket for services
than you would if you selected a PPO "network"
provider.
Pre-existing Condition/Pre-existing Waiting
Period — An illness, disease or physical
condition for which medical advise, diagnosis, care
or treatment was recommended or received from a licensed
health practitioner during the six months prior to the
effective date of a person’s new medical coverage
or plan.
Qualifying Prior Coverage — Any
individual or group plan that provides medical, hospital,
and surgical coverage, including continuation or conversion
coverage or coverage under a publicly sponsored program
such as Medicare or Medicaid. It does not include accident
only, credit, disability income, Medicare supplement,
long term care insurance, dental, vision, workers' compensation
insurance, automobile insurance, no-fault insurance,
or any medical coverage designed to supplement other
private or governmental plans.
Specialist — A physician whose
practice is limited to a particular branch of medicine
or surgery.
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