Charity care is free or discounted health care provided by a hospital. The people who receive this care generally do not qualify for either Medicaid insurance for the poor or Medicare insurance for the elderly, or they do not have insurance.
Coinsurance is the money a patient must pay after a deductible has been paid. It is generally specified by a percentage of a retail price. For example, an employee may pay 10 percent for a service while the insurance company or employer pays 90 percent. Many drug companies also use coinsurance in part to make […]
Group health insurance is insurance coverage offered through an employer or other entity that covers all individuals in the group.
HIPAA is the acronym for the Health Insurance Portability and Accountability Act of 1996. Known primarily as the health privacy law, it provides federal protections for personal health information held by covered entities and gives patients a large number of rights as far as how that information is shared.The law also protects an individual’s ability […]
Medical underwriting is the process used by insurance companies to determine whether to offer an individual health care coverage and how much a policy premium will cost. It also can be used to determine coverage exclusions or limits.
Preadmission certification is preapproval by a health insurance company or employer-sponsored plan for an individual???s admittance to a hospital. If precertification is not obtained for a non-emergency procedure, the insurance provider may pay for some of the services received or may not pay for any of the services.
Private health insurance is coverage by a health plan provided by an employer or purchased by an individual from a private health insurance company.