Financial incentives for managed care plan members to use a panel of preferred providers. This may be done through benefits applied to the deductible, coinsurance, and coinsurance limits.
Tag: MEDICAL
Stent
1. Compound used in making dental impressions and medical molds. 2. Mold or device made of stent, used in anchoring skin grafts. 3. Rod or threadlike device for supporting tubular structures during surgical anastomosis or for holding arteries open during angioplasty.
Step therapy
In Medicare Part D plans, requirement that a certain drug be tried before another drug is covered by an insurance plan.
Step-down unit
See: intermediate unit .
Step-rate premium
Type of insurance rating structure in which premiums may be increased at predetermined times (e.g., at renewal, policy years, or insured’s age).