Largest dollar amount that an insured may receive under an insurance policy. This insurance provision may be set annually or for the lifetime of the policy. It is generally indexed to inflation so that it increases as price levels increase.

Greatest length of time that benefits are payable in any one period of disability. Also called indemnity limit .

Insurance rider that may be seen in basic hospital and surgical policies. It limits the maximum benefits for hospital confinements and for surgery done during one episode of illness or for any single injury.

Greatest dollar amount of insurance claims payment for which an insurance company is responsible.

Health insurance policy provision that states the greatest dollar amount paid for the daily inpatient hospital room rate.

Under HIPAA, necessary data elements for a particular standard based on a certain implementation specification. The sender who creates the transaction may include whatever data the receiver might require. The receiver of the data may ignore any part of the data that is not necessary to carry on its portion of the business transaction unless some unnecessary data are necessary for coordination of benefits with another insurance company.

Medicare beneficiary’s highest dollar liability amount (copayments, deductibles, and coinsurance) for a specified time period.

Third-party reimbursement arrangement in which a participating provider agrees to accept the contract’s schedule of allowances as the total fee for each covered health care service rendered.