Louisiana life, health, accident or sickness insurance section 103 rated A+

Louisiana life, health, accident or sickness insurance section 103 rated A+ defined benefit plan the employer specifies amount of benefits promised to the employee defined contribution plan focuses on contributions rather than on the benefits they will pay out tax deductible a qualified expense that may reduce the amount of income subject to taxation Attained Age the insured's age at the time the policy is issued or renewed Benefit Period a period of time during which benefits are paid under the policy cost sharing sharing of expenses between the insured and the insurance company through deductibles, copays and coinsurance Enrollee a person enrolled in a health insurance plan, an insured (doesn't include dependents of the insured) HMO Health maintenance organization. A prepaid health insurance plan in which patients receive health care from designated providers nonforfeiture benefits a cash or insurance benefit received by a policyholder who no longer wishes to make payments after making premium payments for at least the minimum period Medicare federal government plan for paying certain hospital and medical expenses for persons who qualify available to anyone regardless of age Part A: (Hospital Insurance) financed through a portion of the payroll tax (FICA) *impatient hospital care *skilled nursing facility care *home health care *hospice care Part B: (medical insurance) is financed from monthly premiums paid by insureds and from the general revenues of the federal government *doctor services *outpatient hospital services *home health visits *other medical and health services Part C: (medicare advantage) allows people to receive all of their health care services through available provider organizations Part D: (prescription Drugs) for prescription drug coverage Deductible The portion of the loss that is to be paid by the insured before any claim benefits may be paid by the insurer. Medicaid a. medical benefits program jointly administrated by the individual states and the federal government