Glossary of Insurance Terms
High Risk Individuals
People who have a pre-existing health condition that have a greater than average probability of future medical expenseHIPAA (The Health Insurance Portability and Accoun
This act became a law on January 1, 1997. The act states the requirements that a long term care policy must follow in order that the premiums paid may be deducted as medical expenses and benefits not paid be considered as taxable income
Home Care Providers
A person who provides home health care or hospice services and who meets the following criteria:1. Under the Medicare Program, has an agreement to be a provider of home health care services
2. Is licensed by their state as a home health care agency or hospice if licensing is required in the state in which they are practicing
3. Is a licensed therapist, a registered nurse (R.N), a licensed practical nurse( L.P.N), or a licensed vocational nurse (L.V.N.) providing services under the guidelines of their license
