Home nursing care refers to professional medical care provided in a patient’s home by a…

Inpatient services refer to medical care provided to a patient who has been admitted to…

Moral hazard refers to the increased likelihood of risky behavior by individuals or service providers…

A non-contributory plan is an employee benefit scheme where the employer bears the entire cost…

Out of pocket expenses refer to medical costs that patients must pay directly, without reimbursement…

Out-of-pocket costs refer to expenses that a patient must pay directly for medical services, treatments,…

An insurance policy is a legally binding contract between an insurance company (insurer) and an…

A policyholder is an individual or entity that owns an insurance policy and pays the…

Third-Party Administration (TPA) refers to the outsourcing of insurance plan administration to a specialized firm…

Underwriting is the process through which an insurance company evaluates the risk of insuring an…