Health Insurance FAQs

• Q: What Is Hospice?
  A: Hospice is a health care facility that provides medical care and support services, such as counseling, to terminally ill people and their families.
• Q: What Does It Mean To Lapse?
  A: A lapse is a termination of a policy upon the policyholder`s failure to pay the premium when due.
• Q: What Is A Limited Policy?
  A: A limited policy is a contract that only covers certain specified diseases or accidents.
• Q: What Is Medicaid?
  A: Medicaid is a joint state and federal program of public assistance to eligible people, regardless of age, whose income and resources are insufficient to pay for health …
• Q: What Does It Mean To Be Medically Necessary?
  A: Many insurance policies will only pay for treatment that is deemed medically necessary. For instance, many policies will not cover plastic surgery for cosmetic … More
• Q: What Is Medicare?
  A: Medicare is a federal program that provides health insurance benefits for people age 65 or older or to those receiving Social Security benefits for disability, and … More
• Q: What Are Ancillary Services Or Special Services?
  A: These are expenses in connection with hospital insurance, hospital charges other than room and board, such as x­rays, drugs, laboratory fees and other ancillary … More
• Q: What Is An Open Enrollment Period?
  A: This is the stipulated time during which enrollees in a group contract must select a health plan alternative. Under federal HMO regulations, HMOs must allow at least … More
• Q: What Is A Policy?
  A: A policy is the legal document issued by the company to the policyholder that outlines the conditions and terms of the insurance. Also called the policy contract or …
• Q: What Is A Policy Term?
  A: A policy term is the time period that an insurance policy provides coverage.
• Q: What Is A Pre-Existing Condition?
  A: A pre­existing condition is an illness or other health problem that was diagnosed or treated before the policy was issued to you. Many policies will not pay … More