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Fee-for-Service

A method of paying for health or medical services. Doctors and hospitals are paid for each individual service they provide to the patient. Bills can be paid in two different ways; paid by the patient who submits the claims to the insurance company or the provider can submit for reimbursement to the patient's insurance carrier.

Minimum Creditable Coverage

Refers to the minimum level of benefits that must be in an insurance plan in order to consider an individual to be insured.