Health Insurance terms starting with B

11 terms

1. Balance Billing When a provider bills you for the difference between the provider’s charge and the allowed amount.
2. Banding Organizing people together by age groups to calculate premiums.
3. Benefit Level A benefit level is a group of plans that have similar value. The groupings help you compare plans with similar covered benefits and costs to determine the…
4. Benefits The health care items or services covered under a health insurance plan. Covered benefits and excluded services are defined in the health insurance plan's…
5. Biosimilar Biological Products The generic version of more complicated medications.
6. Board and Care Facility (Long Term) A board and care facility offers no nursing services. It is designed for people who are unable to take care of their day-to-day feeding, hygiene, and/or…
7. Brand Name (Drugs) A drug sold by a drug company under a specific name or trademark and that is protected by a patent.
8. Broker An agent who handles the public's orders to buy and sell securities, commodities or other property. A commission is generally charged for this service.
9. Brokers Insurance agents or brokers who have been certified by Maryland Health Connection can help you select and purchase health coverage.
10. Bronze Health Plan See Health Plan Categories
11. Business Day Any day on which offices of a bank are open to the public for carrying on substantially all of the bank's business.