health insurance terminology
Manages—the method you get your treatment, from common check-ups to accidents to main illnesses. Managed Care Organizations embrace the doctors, hospitals, laboratories, and clinics that make up your community. A copayment, or copay, is a exhausting and fast amount of money paid by a affected person when she receives a healthcare service. Incurred Losses - sustained losses, paid or not, throughout a specified time interval. Incurred losses are typically discovered by combining losses paid in the course of the period plus unpaid losses sustained during the time interval minus excellent losses firstly of the interval incurred in the earlier interval. Health Maintenance Organization - a medical group plan that gives physician, hospital, and clinical companies to collaborating members in trade for a periodic flat payment.
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