These riders allow policyholders, who may be terminally or critically ill, to draw upon a percentage of the face value of their life insurance policies. Conditions under which this option can be exercised and the amount available to the policyholder can vary with each insurance company. Adverse Selection Occurs when the sickest purchasers all gravitate toward a specific insurance plan. The primary link between consumer and company.
Advisors work with consumers to assess their needs and plan for long-term financial stability.
Advisors may also be referred to as life underwriters or field underwriters. These are health insurance plans offering a uniform health insurance benefit. It is expected that the AHPs will favor the use of managed care plans in offering insurance coverage to their participants. Balance Billing Charging a patient the difference between what an insurer will pay and what the physician wants to charge for a service. Capitation A method of paying for an individual's medical care through a per capita payment that is independent of the number of services received or the costs incurred by a provider in furnishing those services.