fee-for-service

Definition

A health insurance plan that allows the holder to make almost all health care decisions independently. The plan holder pays for a service, submits a claim to the insurance company, and, if the service is covered in the policy, receives reimbursement. Fee-for-service plans often have higher deductibles or copay than managed care plans.

Use fee-for-service in a sentence

A popular health insurance plan is a fee-for-service plan because it allows the policy holder to pay for only the specific services they need.

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