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2023 4.8 Satisfied (38 Votes)
2021 4.8 Satisfied (240 Votes)
2020 4.3 Satisfied (45 Votes)
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Each month, you make a payment to a health insurer, such as Medicare or your insurance company. Some employers chip in for this payment. In return, your insurer covers all or some of your medical costs, as long as you follow the insurers rules.
If you have a doctors bill that cannot match one or more EOBs, it is likely that your insurance has not been applied to that bill. This can happen for a number of reasons. A common issue is that the doctor filed the claim to an outdated insurance policy or the name or birthdate did not match our records.
Under the Employee Retirement Income Security Act (ERISA), a benefit plan is a promise by an employer to provide benefits to employees, where the funds for payment of the benefits are transferred to a party unrelated to the employer, such as an insurance company.
A benefit is a payout or other form of compensation or reimbursement that an insurance company owes to a policyholder when the policyholder experiences a covered loss. Whether a loss is covered depends on the terms of the specific policy purchased by the policyholder from the insurer.
Insurance is a way to protect yourself from financial risks by paying a company a small amount of money, called a premium. If something bad happens, like a car accident or a house fire, the insurance company helps cover the costs so you dont have to pay for everything yourself.
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