Third-party Payers Flashcards
The cost of coverage for an insurance policy (usually paid on a monthly basis)
Premium
Managed by Department of Defense, it covers active-duty military members and their families.
Tricare
Managed by DHHS, funded by federal income tax and federal grants. A group of individuals covered under this plan are Alaska Natives.
Indian Health Services
This out-of-pocket expense must be met every calendar year before benefits are paid by the insurance carrier.
Deductible
Managed by CMS and each state, coverage is for low income families who meet state guidelines
Medicaid
Covers disabled veterans and/or families of deceased military.
CHAMPVA
Places of business and sometimes homeowners have this type of insurance just in case an individual should fall or have some other type of accidental injury on their property.
Liability Insurance
Managed by CMS, it covers people over the age of 65 and some disabled people under 65.
Medicare
A person who purchases A healthcare policy directly from an insurance provider or agent for themselves and/or their family is buying what type of insurance?
Individual healthcare policy
