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Health insurance
Industry: Insurance
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Health insurance
Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA)
Insurance; Health insurance
COBRA is the federal legislation that allows you – if you work for an insured employer group of 20 or more employees – to continue to purchase health insurance for up to 18 months if you lose your ...
Explanation of benefits
Insurance; Health insurance
An explanation of benefits is the insurance company's written explanation regarding a claim, showing what they paid and what the client must pay. The document is sometimes accompanied by a benefits ...
Fee-for service
Insurance; Health insurance
Fee-for-service is a system of health insurance payment in which a doctor or other health care provider is paid a free for each particular service rendered.
Credit for prior coverage
Insurance; Health insurance
Credit for coverage may or may not apply when you switch employers or insurance plans. A pre-existing condition waiting period met under while you were under an employer's (qualifying) coverage can ...
Employer tax credits
Insurance; Health insurance
Also called small business health care tax C\credits – provide a tax credit of up to 35 percent of small business premium costs in 2010 – with that rate increasing to 50 percent in 2014. Employers ...
Guaranteed issue
Insurance; Health insurance
Guaranteed issue refers to health insurance coverage that is guaranteed to be issued to applicants regardless of their health status, age, or income – and guarantees that the policy will be renewed ...
Plan administration
Insurance; Health insurance
Supervising the details and routine activities of installing and running a health plan, such as answering questions, enrolling individuals, billing and collecting premiums, and similar duties.
