Health Insurance Glossary
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  • Family Health Insurance Plans

    If you are concerned about your families’ well being, you know how important is to have a good family health insurance. But if you’re confused about what kind of family health insurance is right for you, you’re not alone.

    What types of family health insurance plans are available? Should I ...   Read More

 
 
  • Family Health Insurance vs. Individual or Group plans

    What is the advantage of family health insurance vs. individual health insurance for each family member? Could it be better to buy individual health insurance policies instead of family health insurance? Is it better to pay for dependent coverage through group health insurance offered by employers, or should I buy ...   Read More

 
 
  • Fee Schedule
    Maximum dollar or unit allowances for health services that apply under a specific contract. ...   Read More
 
 
  • Fee-for-Service (FFS) Plan
    Fee-for-Service (FFS) Plan is a health insurance coverage in which doctors and other health care service providers receive a fee for the services they provide including an office visit, test, procedure, or other health care service. The insurer will either pay the medical provider directly or reimburse the insured for ...   Read More
 
 
  • Fee-for-Service Reimbursement
    Payment for services based on each visit or service rendered. Under this arrangement Plans or Insurers have not established contracted or capitated rates of payments with providers prior to the insured claim occurrence. ...   Read More
 
 
  • Flexible Spending Accounts
    Flexible Spending Accounts: Special accounts typically funded by an employee's salary reduction to help pay certain expenses not covered by the employer's plan or insurance contract. The advantage of these accounts is that after-tax dollars are converted to before-tax dollars, thereby reducing the actual cost of expenses. ...   Read More
 
 
  • Formulary

    List of preferred pharmaceutical products to be used by a managed care plan's network physicians. Formularies are based on evaluations of the efficacy, safety, and cost effectiveness.

    ...   Read More
 
 
 
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