Health Insurance terms starting with T

7 terms

1. Tax Credit A tax credit is an amount you can subtract from the tax you would otherwise owe.
2. Tax Household The taxpayer(s) and any individuals who are claimed as dependents on one federal income tax return. A tax household may include a spouse and/or dependents.
3. Third Party Administrator (TPA) An organization that performs managerial and clerical functions related to an employee benefit insurance plan by an individual or committee that is not an…
4. Third-Party Payer Anyone who pays for health care other than you. Usually your insurance company. When an insurer contracts with an entity to pay on their behalf.
5. Total Cost Estimate (for health coverage) The total amount you may have to pay for health plan coverage, which is estimated before you actually have the coverage and have health expenses under the…
6. TRICARE A health care program for active-duty and retired uniformed services members and their families.
7. TTY A TTY (teletypewriter) is a communication device used by people who are deaf, hard-of-hearing, or have severe speech impairment.