Amount of money a patient must pay for services BEFORE health insurance pays its share of the bill.

A specific percent of the expenses are shared by the patient and the insurance company; for example, in a 80 - 20 percent co insurance, the company pays 80% and the patient pays 20%.

An out of pocket fee aid by a person with health insurance at the time a covered service, such as an office visit or prescription, is received.

The monthly fee paid by the subscriber (patient) for insurance coverage; may be deducted from payroll check.

Preferred Provider Organization or PPO

A type of managed care: practitioners are grouped together to provide health care and agree to a set fee paid by the insurance company.

Health Maintenance Organization or HMO

Type of managed care provider that focuses on preventive care.

Point of Service Plans or POS

A hybrid of a HMO and PPO. Have smaller deductibles and co payments, but they require the patient to get a referral before seeing a specialist.

Health insurance for those 65+ and disabled - funded through social security taxes

A supplement health insurance plan used to covers health care cost not covered by Medicare.

State-funded insurance for blind, disabled, low income people

Health insurance for children that do not qualify for Medicaid.

Health care plan provided for active duty personnel, family, retired military personnel, and survivors of military personnel

Worker's Compensation

Health insurance through the employer that pays for the healthcare of workers injured on the job

The general term used by insurance companies to describe the attempt to provide quality health care at minimal cost. Used to limit healthcare costs.

Health Insurance Portability and Accountability Act - health care law that gave standard way to transfer patient files and protect CONFIDENTIALITY.

Protected health information or PHI

All individually identifiable personal information obtained through health care. Includes a patients name, medical record number, birth date, Social security number, address, telephone number, email, employer and so on.

Electronic Health Record or EHR

A medical record that contains information from all of the clinicians involved in a patients care which can be created and managed by authorized clinicians and staff across more than one health care organization.

Explanation of Benefits or EOB

A detailed account of each claim processed by the insurance company. which is sent to the patient as notification of claim or denial.

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Health Insurance

Mr. G’s Insurance Terms

Question	Answer
Deductible	Amount of money a patient must pay for services BEFORE health insurance pays its share of the bill.
Co-Insurance	A specific percent of the expenses are shared by the patient and the insurance company; for example, in a 80 - 20 percent co insurance, the company pays 80% and the patient pays 20%.
Co-payment	An out of pocket fee aid by a person with health insurance at the time a covered service, such as an office visit or prescription, is received.
Premium	The monthly fee paid by the subscriber (patient) for insurance coverage; may be deducted from payroll check.
Preferred Provider Organization or PPO	A type of managed care: practitioners are grouped together to provide health care and agree to a set fee paid by the insurance company.
Health Maintenance Organization or HMO	Type of managed care provider that focuses on preventive care.
Point of Service Plans or POS	A hybrid of a HMO and PPO. Have smaller deductibles and co payments, but they require the patient to get a referral before seeing a specialist.
Medicare	Health insurance for those 65+ and disabled - funded through social security taxes
Medigap	A supplement health insurance plan used to covers health care cost not covered by Medicare.
Medicaid	State-funded insurance for blind, disabled, low income people
CHIP	Health insurance for children that do not qualify for Medicaid.
TRICARE	Health care plan provided for active duty personnel, family, retired military personnel, and survivors of military personnel
Worker's Compensation	Health insurance through the employer that pays for the healthcare of workers injured on the job
Managed care	The general term used by insurance companies to describe the attempt to provide quality health care at minimal cost. Used to limit healthcare costs.
HIPAA	Health Insurance Portability and Accountability Act - health care law that gave standard way to transfer patient files and protect CONFIDENTIALITY.
Protected health information or PHI	All individually identifiable personal information obtained through health care. Includes a patients name, medical record number, birth date, Social security number, address, telephone number, email, employer and so on.
Electronic Health Record or EHR	A medical record that contains information from all of the clinicians involved in a patients care which can be created and managed by authorized clinicians and staff across more than one health care organization.
Explanation of Benefits or EOB	A detailed account of each claim processed by the insurance company. which is sent to the patient as notification of claim or denial.

Created by: smnewman

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