Health Insurance Plans

Workers' Compensation

A form of insurance paid by the employer providing cash benefits to workers injured or disabled in the course of employment.

TRICARE

A government health program that serves dependents of active-duty service members, military retirees and their families, some former spouses, and survivors of deceased military members; formerly called CHAMPUS.

Co-payment

A patient's payment of a portion of the cost at the time the service is rendered.

Medicare

A program added to the Social Security system in 1965 that provides hospitalization insurance for the elderly and permits older Americans to purchase inexpensive coverage for doctor fees and other health expenses.

Deductible

Amount paid by the patient before the policy pays

Preferred Provider Organization

PPO; , A managed care organization structured as a network of health care providers who agree to perform services for plan members at discounted fees; usually, plan members can receive services from non-network providers for a higher charge.

Health Maintenance Organization

a group program that provides health care at its own center with its own doctors for a fixed fee per month

Health Insurance Plan

a plan in which private companies or government programs pay for part or all of a person's medical costs

Co-insurance

is the percentage of the medical expenses the policyholder must pay in addition to the deductible amount

Medicaid

provides financial assistance to states and counties to pay for medical services for poor older adults, the blind and families with dependant children