Preferred Suppliers: A travel agency's list of the products they prefer to sell the most. These suppliers sometimes offer extra commissions, but also often make special offers available to the consumer through that travel agent. This usually results in a win-win situation for both the agency and the traveler the agency can rely on the preferred supplier for integrity and a quality product, and the traveler gets a good value at a fair price.

 

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Preferred Suppliers: A travel agency's list of the products they prefer to sell the most. These suppliers sometimes offer extra commissions, but also often make special offers available to the consumer through t . . . View Full Definition

Preferred Provider Arrangement (PPA): As defined in state laws, a contract between a healthcare insurer and a healthcare provider or group of providers who agree to provide services to persons covered under the contract. Example . . . View Full Definition

Preferred Provider Organization (PPO): A healthcare benefit arrangement designed to supply services at a discounted cost by providing incentives for members to use designated healthcare providers (who contract with the PPO at a d . . . View Full Definition

Preferred Provider Organization (PPO) Plan: A specific type of CIGNA health plan with a national network of physicians. Plan members can visit physicians both in and out of the network, and can visit specialists without a referral. Me . . . View Full Definition