underinsurance


Also found in: Dictionary, Financial.
A generic term for health insurance policies that require large out-of-pocket payments, and provide suboptimal coverage for common conditions

underinsurance

Managed care A generic term for insurance policies that require large out-of-pocket payments, and provide suboptimal coverage for common conditions Examples Lack of coverage for catastrophic medical expenses, pre-exisiting condition clauses, benefits-not-provided clauses, deductibles, coinsurance. See Underinsured.
References in periodicals archive ?
It may help to examine the reasons for underinsurance in the first place.
These dual coverage programs range in breadth from allowing children/families with private insurance to be dually covered, with income restrictions (Alaska, Idaho, Indiana, Kansas, Maryland, South Dakota, and Wisconsin), to only allowing dual coverage in cases of underinsurance, again with income restrictions (Michigan and Oregon).
We may also underestimate the current prevalence of chronic conditions for Hispanic men because their lack of health insurance or underinsurance status limits their access to care to be diagnosed for these conditions.
America is facing what Feldman terms "a crisis of underinsurance," as documented by figures from LIMRA's most recent Trends in Life Insurance Ownership study from 2010, which indicated that ownership of individual life insurance had hit a 50-year low, with 11 million fewer American households covered by life insurance compared to six years prior.
Underwriting was meant to control any attempt at gross underinsurance.
Finally, the nature of FBDO reporting, as well as rates of uninsurance and underinsurance and therefore decreased likelihood of presentation at a medical facility, lend themselves to underreporting and make the results of our study highly conservative.
Paula Jones, Managing Director of Towergate Insurance in Teesside said, Underinsurance is a real problem for property owners and cutting the cost of their insurance can be a false economy.
Another aspect of underinsurance, of course, is that being
Health care poverty and underinsurance were explored by Raiz (2006) who states that underinsurance results when health insurance is insufficient to cover all of an individual's needed health care services.
Excessive dollar debt: financial development and underinsurance, Journal of Finance 58(2): 867-893.