Glossary

Medical malpractice "caps" are statutory limitations, currently on the books in a number of states (and being considered in others, as well as on the federal level), limiting the dollar amount of noneconomic damages recoverable in a claim alleging medical malpractice.

Medical malpractice insurance covers the acts, errors, and omissions of physicians and surgeons, encompassing physicians professional liability insurance, hospital professional liability (HPL) insurance, and allied healthcare (e.g., nurses) professional liability insurance.

Medical payments, auto, is optional coverage under an auto policy to pay for medical expenses for an insured who sustains bodily injury (BI) caused by an auto accident, without regard to fault.

Medical payments is a general liability coverage that reimburses others, without regard to the insured's liability, for medical or funeral expenses incurred by such persons as a result of bodily injury (BI) or death sustained by accident under the conditions specified in the policy.

Medical payments, homeowners, is coverage designed to pay for medical expenses to others who are accidentally injured on an insured location or by the activities of an insured, resident employee, or an animal owned by or in the care of an insured.

Medicare is the US government program providing medical expense benefits for persons over the age of 65 or who are disabled if they qualify for benefits under Social Security.

Medicare fraud and abuse insurance covers allegations that an insured healthcare provider overbilled the federal government in seeking reimbursement for services performed under Medicare.

The Medicare, Medicaid, and SCHIP Extension Act (MMSEA) of 2007 is a law that extended and expanded provisions of the Social Security Act relating to Medicare, Medicaid, and the State Children's Health Insurance Program (SCHIP).

A Medicare set-aside is an amount of money related to future medical expenses that must be reserved from an employee benefits, workers compensation, or auto insurance claim settlement that involves a Medicare-eligible claimant.

Medigap policy, also known as Medicare supplemental insurance, refers to various private health insurance plans sold to supplement Medicare in the United States.