Related Words

Managed Dental Care: Any dental plan offered by an organization that provides a benefit plan that differs from a traditional fee-for-service plan.

Medicare Choice MSAS: Accounts created by contributions from HCFA to pay out-of-pocket medical expenses for Medicare beneficiaries. The accounts are used in conjunction with high-deductible, catastrophic healthca . . . View Full Definition

Medicare: A federal government hospital expense and medical expense insurance plan primarily for elderly and disabled persons. See also Medicare Part A, Medicare Part B, and Medicare Part C.

Managed Float: Also known as 'dirty' float, this is a system of floating exchange rates with central bank intervention to reduce currency fluctuations.

Medicare Part A: The part of Medicare that provides basic hospital insurance coverage automatically for most eligible persons. See also Medicare.

Managed Indemnity Plans: Health insurance plans that are administered like traditional indemnity plans but which include managed care 'overlays' such as precertification and other utilization review techniques.

Medicare Part B: A voluntary program that is part of Medicare and provides benefits to cover the costs of physicians' services. See also Medicare.

Occidental: Literally western; said of a planet that rises and sets after the Sun.

Medicare Supplement: A private medical expense insurance plan that supplements Medicare coverage. Also known as a Medigap policy.

Medicare Part D: A prescription drug benefit for Medicare-eligible seniors and disabled persons. It was established as part of the Medicare Prescription Drug, Improvement and Modernization Act (MMA) that Pre . . . View Full Definition