Medical practice guidelines set out cost effective procedures and protocols. Managed care is an arrangement to provide comprehensive health care to members of an insured group.
Mediation attempts to resolve conflicts by a third party and is nonbinding.
This is a federal or state public assistance program for individuals who do not have sufficient resources and income to pay for health care.
Medical Payments Insurance
This coverage agreement will pay, regardless of fault, for medical or funeral expenses as a result of bodily injury or death by accident.
Medical Utilization Review
For the purposes of controlling costs, insurance companies use this to review medical treatment claims.
This is a federal program for individuals 65 years or older that pays part of the costs of hospitalization, surgery, doctors' bills, skilled nursing care and home health care. Medicare also covers certain younger people with disabilities and people with ESRD (End Stage Renal Disease).
Medigap / Medsup
These are supplemental health insurance policies that cover expenses not paid under federal insurance benefits.
Mutual Insurance Company
An insurance company owned by its policy holders. Part of its profits are paid to policyholders as dividends while the rest are retained as reserves.