A tax on income mandated by social security. The money collected by this tax is used to pre-pay Medicare Part A costs.
Insurance Encyclopedia
Hospital-based physician
Doctor of medicine or osteopathy, salaried or unsalaried, under contract or arrangement who renders that service and treatment in a hospital setting rather than in an office environment.
hospital-issued notice of noncoverage (HINN)
Printed document sent by a hospital to a Medicare beneficiary when the hospital determines the medical service the patient is receiving or is about to receive is not covered due to either medical necessity, not being delivered in the appropriate setting, or being considered custodial. An HINN may be given before admission, at admission, or any time during the inpatient stay.
Hospital-surgical expense insurance
See: hospital expense insurance .
Hospitalist
Physician who primarily takes care of patients when they are in the hospital. This doctor takes over the patient’s care from the primary doctor when the patient is in the hospital and keeps the primary doctor informed about the patient’s progress. The hospitalist returns the patient to the care of the primary doctor when the patient leaves the hospital.
Hospitalization expense policy (Health Insurance)
A policy that provides coverage for inpatient hospital stays and expenses incurred during the stay; for example, X-rays and blood work. Coverage may also be provided for emergency care and surgical costs.
Hospitalization Indemnity Products for Health Insurance
These products protect the individual from the expenditure they may need to incur in the event of hospitalization. In most of the cases, it also covers a specific number of days before and after hospitalization, but excludes any expenses not involving hospitalization. Cover is on an indemnity basis i.e., by making good part or all of the losses incurred or amount spent during hospitalization. It covers the hospitalization expenses for an individual up to the sum insured.
Hospitalization Indemnity Products, Cost Sharing Mechanisms for Health Insurance
Many products differ according to the various cost sharing mechanisms used by the like sub-limits on room and ICU charges, sub-limits on payments made for specific surgeries like cataract or hysterectomy, co-payment for using non-network hospitals or even for network hospitals etc. These techniques are also being provided in insurance policies as mechanisms to contain costs for the insurer and to provide for higher spending being shared by the insured.
Hospitalization Indemnity Products, High-deductible Hospital Indemnity Cover for Health Insurance
The persons who are either covered by their employers or are already holding a hospitalization policy but with low sum insured have a new option – to opt for a high deductible cover for individuals and families. These are top-up covers which provide coverage beyond the deductible amount chosen at the proposal stage. Deductible ranges from Rs.1 lac to Rs.5 lacs and the coverage of this product starts only after the out-of-pocket expenses or any existing insurance cover has reached this selected deductible amount. Higher the deductible lower the premium.
Hospitalization insurance (Health Insurance)
Insurance that covers specific expenses incurred during a hospital stay caused by injury or illness. Only expenses falling under a certain limit, specified in the contract, are covered.