Related Words

Marketed Claims: Claims that can be bought and sold in financial markets, such as those of stockholders and bondholders.

Nonmarketed Claims: Claims that cannot be easily bought and sold in the financial markets, such as those of the government and litigants in lawsuits.

Claims Supervisors: Employees in the claims administration department who oversee the work of several claims examiners.

Claims Investigation: The process of obtaining all the information necessary to determine the appropriate amount to pay on a given claim.

Claims Examiners: Employees in the claims administration department who consider all the information pertinent to a claim and make decisions about the MCO's payment of the claim. Also known as claims analysts.

Claims Administration: The process of receiving, reviewing, adjudicating, and processing claims.