medical indemnity

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medical indemnity

A type of health insurance plan for which the insurance reimburses the covered party regardless of where or with whom the covered party seeks healthcare services.

Medical indemnity insurance plans are offered by most of the major health insurers in the US.
References in periodicals archive ?
If a company's reimbursement plan is deemed non-accountable, the tax consequences can be severe.
This evidence must be ready at product launch and made clear to potential customers as a well-defined reimbursement plan will help induce adoption of the new innovation.
Adeyeye said that government was already working on the reimbursement plan, adding that the agency is working round the clock to stem the manufacturing, distribution and use of substandard and fake drugs in the country.
Congress acted by giving the Commission the authority to implement new rules that will provide a more robust reimbursement plan. Now, the FCC is moving closer to actually getting those needed dollars to broadcasters other than big TV station owners.
Each product is a fully insured reimbursement plan that supplements a company's primary plan and provides additional coverage for everyday health expenses, as well as the more unexpected health expenses, without specific disease or other restrictions for coverage to kick in.
However the court was told jobless Moran would take more than 70 years to pay off her debt if allowed to get away with her proposed reimbursement plan of only PS2,000 a year.
Amounts paid to an employee under a reimbursement plan are not excludable from gross income if the plan permits amounts to be paid as medical benefits to a designated beneficiary (other than the employee's spouse or dependents).
* Anthem's program is a reimbursement plan in partnership with College for America at Southern New Hampshire University.
The IRS ruled that Employer C's mileage reimbursement plan does not satisfy the business connection requirement because it pays mileage reimbursement even to workers who have not incurred (and are not reasonably expected to incur) deductible business expenses in connection with Employer C's business.
ACPE believes we are uniquely positioned to assist with implementation of a new reimbursement plan, especially in the areas of physician buy-in and physician engagement, which are critical to a new funding formula's success.
In reality, top-up health plans are indemnity policies and provide the same benefits as regular reimbursement plan.
Examples of expenses that can be submitted under an insured medical reimbursement plan include deductibles and coinsurance, dental care and orthodontia, annual physicals and preventive care, vision care (including eyeglasses and contact lenses), and treatments for nervous/mental disorders as well as drug and alcohol abuse.