Glossary - Know exactly like a health insurance expert!
What is withhold?
A percentage of a provider's payment that is "held back" during the plan year to offset or pay for any cost overruns for referral or hospital services. Any part of the withhold not used for these purposes is distributed to providers.
What is
workers' compensation?
A state-mandated insurance program that provides benefits for healthcare costs and lost wages to qualified employees and their dependents if an employee suffers a work-related injury or disease.
What is workers' compensation indemnity benefits?
Benefits that replace an employee's wages while the employee is unable to work because of a work-related injury or illness.
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