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In the United States, a high-deductible health plan (HDHP) is a health insurance plan with lower premiums and higher deductibles than a traditional health plan. It is intended to incentivize consumer-driven healthcare. Being covered by an HDHP is also a requirement for having a health savings account. [1]
Blue Cross Blue Shield Association, also known as BCBS, BCBSA, or The Blues, is a United States–based federation with 33 independent and locally operated BCBSA companies that provide health insurance to more than 115 million people in the U.S. as of 2022.
List of medical abbreviations: Overview; List of medical abbreviations: Latin abbreviations; List of abbreviations for medical organisations and personnel; List of abbreviations used in medical prescriptions; List of optometric abbreviations
In this system, health care costs are first paid for by an allotment of money provided by the employer in an HSA or HRA. Once health care costs have used up this amount, the consumer pays for health care until the deductible is reached, after this point, it operates similar to a typical PPO. Once the out-of-pocket maximum is reached, the health ...
A catastrophic illness is a severe illness requiring prolonged hospitalization or recovery. Examples include [1] cancer, heart attack or stroke.These illnesses usually involve high costs for patients and health insurance companies and may incapacitate the person from working, creating a financial hardship.
Medicare provides coverage for certain types of durable medical equipment (DME), such as hospital beds, when a doctor prescribes its use. Items are considered DME when they meet the following ...
Critical illness insurance, otherwise known as critical illness cover or a dread disease policy, is an insurance product in which the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the specific illnesses on a predetermined list as part of an insurance policy.
This coverage helps pay the other person's medical bills when you're at fault in an accident. It can also cover their missed work time and help defend you if they take legal action. Average cost ...