Health Insurance Dictionary
Confused by all of the health insurance jargon? This dictionary will help you sort it out.
Effective Date: The date your insurance is to actually begin. You are not covered until the policies effective date.
Employee Assistance Programs (EAPs): Mental health counseling services that are sometimes offered by insurance companies or employers. Typically, individuals or employers do not have to directly pay for services provided through an employee assistance program.
Exclusions: Medical services that are not covered by an individual’s insurance policy.
Explanation of Benefits: The insurance company’s written explanation to a claim, showing what they paid and what the client must pay. Sometimes accompanied by a benefits check.