Home > Term: benefits
benefits
The portion of the costs of covered services paid by a health plan. For example, if a plan pays the remainder of a doctor's bill after an office visit copayment has been made, the amount the plan pays is the "benefit." Or, if the plan pays 80% of the reasonable and customary cost of covered services, that 80% payment is the "benefit."
- Part of Speech: noun
- Industry/Domain: Health care
- Category: General
- Company: CIGNA
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- Jessehe
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