Insurance Glossary

Email Print This Page bookmark
Font : A-A+

Insurance Term - Claim

It is a form submitted to a payer (by a healthcare service provider or a patient) to request payment for products or services that are reimbursable under the insurance policy plan. In other words, it is a demand made by the insured or the insured's beneficiary for payment of the benefits as provided by the policy. An insurance claim is the actual application for benefits provided by an insurance company. Policyholders must first file an insurance claim before any money can be disbursed to the hospital or healthcare service providers. The insurance company may or may not approve the claim, based on its own assessment that varies according to the circumstances. Usually, this process is handled by a service provider to the insurance company, usually referred to as a ‘Third Party Administrator’.

Health Insurance Topics

Benefits of Registration

Insurance Glossary A-Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Stay Connected

  • Available on the Android Market
  • Available on the App Store