The-definition.com

Definition

Service benefits

Service benefits refers health insurance benefits that pay hospital charges or payment for care received by the insured directly to the hospital or providers of care. The plan provides service rather than cash benefits to the insured.

Share it:  Cite

More from this Section

  • Banker’s banks
    Banker’s banks is the regional service firms, often created as joint ventures by groups ...
  • Cash Against Documents (CAD)
    Cash Against Documents indicates invoice amount to be paid by the buyer/importer at sight ...
  • Agricultural loans
    Agricultural loans is the credit extended to farm and ranch operations to assist in planting ...
  • Arms index
    Arms index also known as a TRading INdex (TRIN). The index is usually calculated as the ...
  • Firm-specific risk
    Firm-specific risk— risks that affect the MNE at the project or corporate level. Also ...