MEDICAL,USA: 1. Payment made because of accident or illness by an insurance company to a provider or facility that rendered medical services to patients covered by a managed care plan or insurance contract. 2. Repayment. 3. Term used when insurance payment is pending. Also known as payment .
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Re-payment of an amount already paid by the insured.
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The payment of the expenses actually incurred as a result of a accident or sickness, but not to exceed any amount specified in the policy.
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US: The payment of the expenses actually incurred as a result of an accident or sickness, but not to exceed any amount specified in the policy.