Policy

Document issued by an insurance company confirming the insurance cover.

Policy Conditions

The terms and conditions of the purchased insurance.

Policy Holder

The person identified as the policyholder on the application form and on the insurance policy.

Policy Maximum

Maximum amount of money that the insurance company will pay for covered expenses. Policy maximum can be either per policy period, per year, life time or per injury/sickness depending upon the insurance policy you purchase.

Pre-Existing Conditions

A pre-existing condition is defined as any injury, illness, sickness, disease, or other physical, medical, mental or nervous condition, disorder or ailment that existed at the time of application or during the past duration (specified by each insurance plan) prior to the effective date of the insurance, including any subsequent, chronic or recurring complications or consequences related to thereto or arising there from.

Premium

Amount you pay to purchase medical insurance plan. Premium may be paid monthly, quarterly, semi-annually, annually or for entire duration of the coverage depending upon the insurance policy you purchase.

Pre-Certification

Pre-admission review and approval of appropriateness and medical necessity of hospitalization or other medical treatment.

Premium Invoice

Invoice issued by the insurance company to the policy holder stating the amount payable to receive or maintain the insurance coverage agreed and confirmed in the policy.

Prescription

Note issued to a patient by a medical specialist confirming that the patient should take a particular prescription drug.

Prescription Drugs

Any medicine that a medical specialist prescribes and that is not available without such a prescription.

Primary Care Physician (PCP)

A doctor who serves as your main contact with the health-care world, providing basic care and referring you to specialists as the need arises.