A TRUSTED INDEPENDENT HEALTH INSURANCE GUIDE SINCE 1999.
Call our agency partners 866-553-3223
Call our agency partners 866-553-3223

Medicare & Medicaid

Medicare & Medicaid

Featured

Featured
ACA open enrollment: what’s new for 2025
Open enrollment for 2025 ACA (Affordable Care Act)-compliant health insurance is just around the corner. Let’s take a look at the various changes that consumers should be aware of this fall.

Featured

Featured
How does a health savings account (HSA) work?
A health savings account is a tax-advantaged savings account combined with a high-deductible health insurance policy to provide an investment and health coverage. Deposits to the HSA are tax-deductible and grow tax-free. Withdrawals are always tax-free if they're used for qualifying medical expenses, although they account can be used like a traditional IRA after age 65, with withdrawals subject to regular income tax.

beneficiary

What is a beneficiary?

healthinsurance.org health insurance glossary

What is a beneficiary?

The beneficiary is enrolled in a health insurance plan and receives benefits through the policy in the form of paid claims and/or network-negotiated rates for the portion of the claim that the beneficiary has to pay.

A beneficiary can have any type of health insurance, including Medicare, Medicaid, or private coverage. But it’s particularly very common to see this term used in relation to Medicare (for example, “there are 67 million Medicare beneficiaries” means that 67 million people are enrolled in Medicare).

The term beneficiary is also used in the context of life insurance, and refers to the person (or people) who receives payment under the plan in the event that the insured person passes away.

sticky-bottom-cta

Get your free quote now through licensed agency partners!