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Glossary of Common Health Insurance Terms

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C

Carrier

The insurance company or HMO provider offering a health plan. Perfect Health in St. Pete has access to a wide variety of health insurance and property and casualty carriers licensed to do business in the state of Florida.

Certificate of Insurance

The printed description of the benefits and coverage provisions that forms the contract between the carrier and customer for car, health, vision, disability, life, dental, or other types of insurance.

Claim

A request by an individual to an insurance company for the insurance company to pay for services from a health care professional.

Co-insurance

A joint assumption of risk, by either two underwriters or an underwriter and the policy holder.

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Co-payment

A predetermined fee for health care services that an individual pays in addition to services the insurance covers.

Consolidated Omnibus Budget Reconciliation Act (COBRA)

Federal legislation that lets you continue to purchase health insurance for up to 18 months after you lose your job or your coverage is terminated.

Credit for Prior Coverage

A pre-existing condition waiting period met under while you were under an employer's coverage can be honored by your new plan, if any interruption in the coverage between the two plans meets state guidelines.
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