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Health insurance
Industry: Insurance
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Health insurance
Brand-name drug
Insurance; Health insurance
Prescription drugs marketed with a specific brand name by the company that manufactures it, usually the company which develops and patents it. When patents run out, generic versions of many popular ...
Exclusions
Insurance; Health insurance
Medical services that are not covered by an individual's insurance policy.
Stop-loss
Insurance; Health insurance
The dollar amount of claims filed for eligible expenses at which which point you've paid 100 percent of your out-of-pocket and the insurance begins to pay at 100 percent. Stop-loss is reached when an ...
Underwriter
Insurance; Health insurance
The company that assumes responsibility for the risk, issues insurance policies and receives premiums.
Rescission
Insurance; Health insurance
Rescission is an insurance industry practise in which an insurer takes action retroactively to cancel a policy holder's coverage by citing omissions or errors in the customer's application, even if ...
Provider
Insurance; Health insurance
Provider is a term used for health professionals who provide health care services. Sometimes, the term refers only to physicians. Often, however, the term also refers to other health care ...
Generic drug
Insurance; Health insurance
Once a brand name drug's patent has expired, other drug companies are allowed to sell duplicates, or generic drugs, of the original. Generic drugs are cheaper, and most prescription and health plans ...