Underinsured definition

Underinsured means a household with out-of-pocket medical expenses greater than 5% of the household’s annual income.

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Underinsured means that a person does not have adequate insurance, which is determined on cost-exposure to family income with at least one of three indicators: (1) out-of-pocket medical expenses equal to or greater than 10 percent of income; (2) out-of-pocket medical expenses equal to or greater than 5 percent of income if income is less than 200 percent of the federal poverty level; and (3) health plan deductibles equal to or greater than 5 percent of income.

Underinsured means an individual with income at 300 percent of the federal poverty guideline or lower with health insurance that has unreasonably high copayments, deductibles or coinsurance.

Examples of Underinsured in a sentence

• Combined Single Limit $1,000,000 each accident If vehicles will be used while providing services under this Agreement, a Business Auto Liability policy is required including, but not limited to, Uninsured Motorists, Underinsured Motorists, and contractual liability for risks assumed in this Agreement covering the use of any vehicle in an amount not less than $1,000,000 per accident.

• Uninsured Motorist and/or Underinsured Motorist Coverage is provided only if required for self-insureds by law in the state where the covered entity is located.

• Bodily Injury Liability, Property Damage Liability, Medical Payments, Uninsured Motorists, Underinsured Motorists and No-Fault Coverage.

• Underinsured children are eligible to receive VFC vaccine only through a Federally Qualified Health Center (FQHC), or Rural Health Clinic (RHC) or under an approved deputization agreement.

• If applicable, Permittee shall maintain a Commercial Auto policy with a Combined Single Limit of $1,000,000; Underinsured and Uninsured Motorists limit of $1,000,000; Comprehensive; Collision; and a Medical Payments limit of $10,000.

More Definitions of Underinsured

Underinsured means a person who has some health insurance, but whose insurance does not adequately cover the types of health services for which a school district may receive federal matching funds under this section.

Underinsured means any health plan that does not meet the “Minimum Essential Coverage” standard as defined under the Affordable Care Act in existence as of July 1, 2017.

Underinsured means a person who lacks adequate prescription-related insurance coverage such that purchasing prescription drugs and/or medical devices creates a financial hardship.

Underinsured means a “motor vehicle” which is insured at the time of the accident by a bodily injury liability policy, bond, self-insurer or governmental agency or unit, but all available limits for bodily injury liability for the accident are less than the total damages an insured person is legally entitled to recover from the negligent motorist(s).

Underinsured means having medical insurance that does not cover all or part of the cost of a vaccination.

Underinsured means an individual who has insurance coverage but, due to coverage limitations, reimbursement for Behavioral Health Services ordered by a Behavioral Health service provider is unavailable. It is not coverage for denial to authorize a service; denial of payment for a covered service; recoupment of a claim paid does not merit Underinsured status.

Underinsured means an individual who has health insurance coverage including prescription drugs, but for whom the prescription drug coverage is inadequate for their needs.