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Health insurance and Obamacare terms

What does health reform mean to you? Start with these definitions.

R

rationing

Rationing – actually the threat of rationing – was one of the most powerful arguments leveled against proposals for an… Read more

reasonable and customary fees

The average fee charged by a particular type of health care practitioner within a geographic area. The term is often… Read more

rescission

Rescission is an insurance industry practice in which an insurer takes action retroactively to cancel a policy holder’s coverage by… Read more

rider

A modification made to a Certificate of Insurance regarding the clauses and provisions of a policy (usually adding or excluding… Read more

risk

The chance of loss, the degree of probability of loss or the amount of possible loss to the insuring company.… Read more