Reinsurance refers to the actions of insurers transferring part of their risk portfolio to other insurance agencies in order to minimize their risks to pay large obligations resulting from insurance claims.Flexible spending accounts (FSAs)
Flexible Spending Accounts refers to the special account that individuals put money meant to be used for given out-of-pocket health care needs. The money saved in the FSAs is not taxable.Prospective Reimbursement
Prospective reimbursement refers to as system of annual reimbursement under which healthcare providers are paid based on the previously established rates.Diagnosis-related group (DRG)
Diagnosis-Related Group is a statistical system that classifies all inpatient stay into certain groups for purposes ...