An acronym that refers to length of stay.
Insurance that covers a percentage of the insured’s monthly earnings in the event of an illness or injury that prevents working.
Long term care insurance is used to augment insurance to cover the costs of care not covered by traditional insurance. Covered services often include skilled nursing facilities, home care, assisted living, adult day care and custodial care.
The HIPAA Privacy Rule establishes national standards to protect individuals’ medical records and other personal health information and applies to health plans, health care clearinghouses, and those health care providers that conduct certain health care transactions electronically. The Rule requires appropriate safeguards to protect the privacy of personal health information, and sets limits and conditions on the uses and disclosures that may be made of such information without patient authorization. The Rule also gives patients rights over their health information, including rights to examine and obtain a copy of their health records, and to request corrections.
An HMO is a health plan that offers many kinds of health care services to its members. In return, members (and their employers) pay a fixed cost each month for these services. HMO’s usually do not have a deductible and offer lower monthly payments and co-payments.
Health care coverage offered to employees, members of an association or other recognized group that may offer more services at a lower cost per participant.
The FDA defines generic drug as “a drug product that is comparable to brand/reference listed drug product in dosage form, strength, route of administration, quality and performance characteristics, and intended use.” Generic drugs may be less expensive than brand name drugs.
Services that are not covered by an insurance policy.
The date your insurance policy begins.
An amount, designated by an insurance policy, that must be paid by the insured for health care expenses before the insurance covers the costs.