Insurance contract that provides hospital, surgical, medical, or other health coverage; also called benefit contract .
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See: benefit package and certificate of coverage (COC) .
Tag: MEDICAL
Benefit plan summary
See: benefit limitations .
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See: explanation of coverage (EOC) .
Benefit products
Phrase used by insurance companies and managed care companies that refers to the types of insurance plans they offer; also used as a synonym for benefits .
Benefit provision
Health care service explained in detail that the insurance company agrees to pay to a claimant, assignee, or beneficiary under a health insurance policy or contract.
Benefit schedule
Under a group insurance plan, a table that lists the amount of coverage given to each class of insured and may show earnings and job position. Also known as benefit payment schedule, schedule of benefits, table of allowances, fee schedule, fee allowance, fee maximum , or capped fee .
Benefit verification letter
Official document from the Social Security Administration that provides information on how much an individual receives in monthly Social Security benefits and/or Supplemental Security Income payments. A letter is normally issued after a request from a beneficiary or his or her authorized representative.
Benefit waiting period
Time period that must elapse before health insurance benefits are payable.
Benefit year
Twelve-month period used by employers for administration of health benefits. Most employers’ benefit year is from January through December. However, a benefit year does not always coincide with a group’s fiscal year. See benefit period .
Benefits description
Scope, terms, and conditions of coverage including any limitations associated with the plan provision of the service. Also called benefits plan and benefit package .
benefits identification card (BIC)
Medi-Cal identification card.