Health Maintenance Organization

Importance: 0.71

Is a company: no

Is a proper noun: no

Synonyms

  • group life insurance

Acronyms

  • HMO

Definition of Health Maintenance Organization

  1. A healthcare plan unique to the United States where people can receive affordable health insurance through an organization that sets strict guidelines to limit the scope of care.

Related Terms and Acronyms

  • Healthcare Plan Definition,
    • Insurance that can cover medical and dental expenses for insured people.
  • Fringe Benefit Definition,
    • Employee compensation other than your wages, tips and salaries, such as health insurance, life insurance and pension plans. Usually referred to as a Bonus.
  • Stop Loss Insurance Definition,
    • A low premium, high deductible insurance policy with an upper limit on coverage.
  • Least Expensive Alternative Treatment (LEAT) Acronym,
    • When multiple treatment options exist for the same illness, insurers are only obligated to provide the most cost effective treatment.
  • Life Insurance Definition, Very Important,
    • An arrangement where an insurer agrees to pay a benefit to one or more beneficiaries in the event of the policyholder's death.
    CanEquity offers life insurance.
  • Concurrent Periods Definition,
    • When a patient requires treatment for more than one ailment at a time, all insurance benefits are paid together.
  • Successive Periods Definition,
    • When multiple hospital stays are considered as one when the stays are a result of, or are related to, a single medical condition.
  • Health Insurance (HI) Acronym,
    • Insurance that covers the costs of medical expenses for insured persons.
  • Co-insurance Definition,
    • Insurance where both the insurer and the insured share costs in a set ratio when an insured event occurs.
  • Voluntary Life Insurance Definition,
    • Life insurance offered as part of an employee benefit package where the employee agrees to pay the insurance premiums.
  • Point of Service Plan Definition,
    • A health insurance plan that combines the features of both health maintenance organizations and preferred provider organizations.
  • Medical Specialist Definition,
    • A doctor with training in a specific medical field.
  • Gatekeeper Definition,
    • In relation to health maintenance organizations, a gatekeeper is a primary care physician that arranges medical care for policyholders.
  • Usual, Customary and Reasonable Fees Definition,
    • The expected cost of a medical treatment, and what an insurance company is willing to pay.
  • Group Health Insurance Plan Definition,
    • Health insurance that covers a large group of people, often as part as a employee benefit package.
  • Preferred Provider Organization (PPO) Acronym,
    • A health care program that gives its members a level of freedom and independence when choosing health care options.
  • Primary Care Physician Definition,
    • A doctor who administers or arranges the majority of an individual's health care needs.
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