Health Insurance Underwriting Law and Legal Definition
Health insurance underwriting is a process that a health insurer uses to encourage potential health risks in its pool of insured people against potential costs of providing coverage. A health insurer or Health Plan accepts responsibility for paying for the health care services of covered individuals in exchange for dollars, which are referred to as premiums. When a health insurer collects more premiums than it pays in expense for those treatments (claim costs) and the expense to run its business (administrative expenses), an underwriting gain is said to occur. If the total expenses exceed the premium dollars collected, an underwriting loss occurs.
Legal Definition list
- Health Insurance Portability and Accountability Act-HIPAA
- Health Insurance Order
- Health Insurance Options
- Health Insurance Issuer
- Health Insurance Coverage
- Health Insurance Underwriting
- Health Literacy
- Health Maintenance Organization HMO
- Health Profession
- Health Professional(s) Shortage Area
- Health Professionals
Related Legal Terms
- Accelerated Benefits (Health Care)
- Accelerated Life Insurance Benefits
- Accident Insurance
- Accidental Death and Dismemberment [Insurance]
- Accommodation Line [Insurance]
- Accountants Professional Liability Insurance
- Accounts Receivable Insurance
- Accumulation Value (Health Care)
- Actual Age (Health Care)
- Actual Cash Value Insurance
