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Health Insurance Super Brokers Glossary

WebDefinition. An insurance policy used to cover medical expenses incurred by the insured person. Some health insurance policies will pay for all expenses directly to the health …

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URL: https://www.superbrokers.ca/library/glossary/term/health-insurance

Health Maintenance Organization Super Brokers Glossary

WebMedical Specialist — Definition, . A doctor with training in a specific medical field. Point of Service Plan — Definition, . A health insurance plan that combines the features of both …

Category: Medical Go Health

Canadian Health Insurance Cards

WebIn Canada, our health insurance cards give us access to the majority of personal health services that we need. It does this without the need for out-of-pocket expenses. …

Category: Health Go Health

Substandard Health Annuity Super Brokers Glossary

WebDefinition. A type of straight life annuity arranged for individuals with medical conditions that decrease their life expectancy. Income payments are distributed at a faster pace than a …

Category: Medical Go Health

Preferred Provider Organization Super Brokers Glossary

WebA type of managed care health insurance system that gives participants a great deal of flexibility in their health care options. Unlike a health maintenance organization (HMO), …

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Group Health Insurance Plan Super Brokers Glossary

WebDefinition. A health insurance policy used to provide coverage for a group of people, usually, but not always, as a benefit offered by employers for their employees.

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Private Health Services Plan Super Brokers Glossary

WebDefinition. A tax-deductible vehicle through which Canadian businesses can provide health and dental benefits for their employees. Benefits provided through a Private health …

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Universal Healthcare Super Brokers Glossary

WebDefinition. A national or regional healthcare system where all people are provided healthcare benefits free at the point of use. Unlike the United States, which is the only wealthy …

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Private Healthcare Super Brokers Glossary

WebDefinition. Medical services provided by an entity that is not the government. In countries with a publically funded health care system, such as Canada, Japan or the United …

Category: Medical Go Health

Healthcare Plan Super Brokers Glossary

WebDefinition. Individual or group coverage that pays for the cost of medical and dental charges incurred by the individual and their families. Synonyms health plan, health insurance. …

Category: Medical Go Health

Primary Care Physician Super Brokers Glossary

WebGatekeeper — Definition, . In relation to health maintenance organizations, a gatekeeper is a primary care physician that arranges medical care for policyholders.

Category: Medical Go Health

Unallocated Benefit Super Brokers Glossary

WebUnallocated Benefit: A requirement for health insurance policyholders to pay reasonable hospital expenses out of pock

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Two-Tier Healthcare Super Brokers Glossary

WebDefinition. A healthcare system where everyone can access a basic publically-funded healthcare program but for those who can afford it, they can access a more robust level …

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Morbidity Rate Super Brokers Glossary

WebDefinition. A measure of the incidence rate or prevalence of a medical condition or disease. Used commonly in epidemiology and actuarial science, the morbidity rate, in addition to …

Category: Medical Go Health

Health and Welfare Trust Super Brokers Glossary

WebDefinition. A tax-free method for corporations to provide health benefits to their employees. Introduced in 1986, health and welfare trusts (HWT) can be used in conjunction with …

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Usual, Customary and Reasonable Fees Super Brokers Glossary

WebDefinition. The fees that a medical treatment generally costs and how much an insurer is willing to pay for that treatment. Usual, customary and reasonable fees (UCR) are split …

Category: Medical Go Health

Pre-existing Condition Super Brokers Glossary

WebDefinition. A medical condition that predates the writing of an insurance policy. Many health insurance policies do not cover pre-existing conditions.

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Environmental Property Issues

WebEnvironmental Property Issues. Despite the old saying “what you see is what you get”, that is note always the case. When purchasing a property, there are issues to be aware of.

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Fringe Benefit Super Brokers Glossary

WebDefinition. Compensation that is given to employees in addition to wages, tips, or salaries. Such benefits can include health insurance, life insurance, and pension plans. …

Category: Health Go Health