If a health insurance plan's prior approval requirements are not met by providers payment is denied.
Health insurance is a type of insurance that pays for a policyholder's medical and surgical costs. It either pays the care provider for the covered person directly or reimburses the costs incurred as a result of illness or injury.
People with private health insurance can obtain services that Medicare does not cover and can skip lengthy waits for non-urgent procedures. However, the out-of-pocket expenses may discourage some people from using it to cover their medical expenses. In health insurance policies, the waiting period refers to the time you must wait before receiving insurance benefits, thus the name. The insured cannot make any claims for health insurance benefits during this time, which starts on the day the coverage started.
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