A type of insurance where patients pay their bill and then seek reimbursement from the insurance company. There are no restrictions on which doctors or treatments the patient chooses, except for the amount of insurance he or she has. Most indemnity plans reimburse only a portion (80-90 percent) of charges.
Traditional fee-for-service coverage in which providers are paid according to services performed.
A system of health insurance in which the insurer pays for the costs of covered services after care has been given, on a fee-for-service basis. It usually defines the maximum amounts that will be paid for covered services.
Traditional indemnity insurance is sometimes referred to as “fee for service.†This type of insurance plan allows patients to go to any doctor or hospital that they select, anywhere in the United States or abroad. Although insurance plans will vary, patients will generally be responsible for a deductible and copayments.
Health insurance policy that pays predetermined benefits to the insured for covered services. In essence, the insured is "indemnified" for a loss. Traditionally, the insurer pays on a fee-for-service basis and plays no role in the actual delivery of health care services.
A program in which the insured person is reimbursed for covered expenses.
You can insure against all manner of things arising in a property transaction e.g. your buyer or seller withdrawing, an adverse search result, breach of planning or building regulations and many other events. It does not solve the problem but it does provide compensation.
Health care insurance plan providing benefits in a predetermined amount for covered services. Traditionally, payment is made on a fee-for-service basis with no involvement by the insurer in the actual delivery of health care services.
You may required to take this out when you obtain a mortgage. You pay, sometimes up to £1000, to protect the lender in case they have to repossess your house and its value is less than the amount you still owe. It particularly applies when you take out a mortgage whose value is close to the current value of the house you are buying.
An insurance contract that provides benefits in the form of cash payments for covered services already provided; rates and limits for different services are pre-established, and the beneficiary or provider must file a claim.
The traditional form of health insurance. Under a policy for such insurance, the physician submits a bill and the patient forwards it to his or her insurer for payment to the doctor or the patient pays the doctor and receives reimbursement from the insurer on submission of the received bill. Length of Stay (LOS) The number of days between an individual's admission to a health care facility as an inpatient and the individual's discharge from the facility, counting the day of admission and not the day of discharge. (Related: Average Length of Stay)
Risk protection for actions for which a business is liable. Insurance that a business carries to cover the possibility of loss from lawsuits in the event the business or its agents were found at fault when an action occurred.
Sometimes known as Trustees Liability insurance. It offers protection to the Trustees of a superannuation fund against claims arising from negligence, error or breach of trust. It does not cover fraudulent or dishonest acts of the Trustees.
Health insurance allows you to use any medical provider that you choose. As such, there are no networks to utilize. The insurance company pays you predetermined benefits for covered services. Also known as “fee-for-service” and comprehensive plans.
traditional health insurance plan which pays providers on a fee-for-service basis. Consumers face few restrictions on provider selection, but may have greater financial liability, including a deductible and coinsurance, than in many managed care plans.
A traditional health insurance plan with little or no benefit management, a fee-for-service reimbursement model, and few restrictions on provider selection.
An Insurance which is designed to protect a mortgage lender against the risk of you defaulting or not being able to repay the mortgage. The policy is usually imposed upon by the lender at the start of the loan and the premium payable is determined by the level of perceived risk to the home lender of you defaulting on the loan.
coverage in which the insurance company reimburses the patient for his/her medical expenses. Typically, the choice of physician and hospital is completely up to the patient; there are deductibles, and there are limits to the dollar amount of coverage.
Insurance designed to protect a mortgage lender against the risk of the borrower not being able to repay the loan. The injustice is that it's the borrower that pays the premium. This type of insurance is only imposed by the lender if you borrow above a certain percentage of the value of the property - typically 75 per cent or above. The greater your proportional borrowing, the bigger the insurance premium you have to pay. This kind of policy is also known as a mortgage indemnity guarantee (MIG).
An insurance taken out by conveyancing firms to cover losses to clients arising from errors or fraud in dealing with their matters.
Insurance designed to compensate a policyholder for any loss suffered.