Professionals that provide health care services to patients. Health care providers include chiropractors, counselors, dentists, dietitians, doctors, nurses, optometrists, paramedics, pharmacists, physician assistants, psychologists, radiologists, social workers, speech pathologists and therapists, among others.
Traditional employer-based health plan coverage where the employer pays fixed premiums to the insurance carrier, and the carrier assumes the risk and responsibility of providing health coverage for insured events.
A list of prescription drugs, both generic and brand names, that are covered by an insurance plan with prescription drug benefits. If a drug you have been prescribed is not covered, contact your provider, pharmacist and health insurance company to see if there is a generic drug or an alternate medication that you can use.
An arrangement you set up through your employer to pay for many of your out-of-pocket medical expenses with tax-free dollars. You decide how much of your pre-tax wages you want taken out of your paycheck and put into an FSA. You don’t have to pay taxes on this money. Your employer’s plan sets a limit on the amount you can put into an FSA each year. You are typically required to spend all of the money in the account within the calendar year, some plans may have exceptions to that rule.
Expenses that may be paid for with your FSA include:
Expenses that must be paid by a company in the short run, regardless of the volume of business activity, e.g., rent, executive salaries.
Organizations that rate the financial strength of companies, including insurance companies. These organizations include A.M. Best, Fitch, Moody’s and Standard & Poor. Ratings between organizations may disagree as they use different rating scales and rating standards, so it is important to review more than one to assess a carrier’s financial health.
A method in which doctors and other health care providers are paid for each service performed. Examples of services include tests and office visits.
A statement that your insurance company sends that summarizes the costs of the health care services you received. This is not a bill. An EOB shows how much your