Health Insurance Glossary
Fee-for-Service
A payment system for health care where the provider is paid for each service rendered rather than a pre-negotiated amount for each patient.
Fee Schedule
A complete listing of fees used by health plans to pay doctors or other providers.
Flexible Benefit Plan
A benefits package allowing an employee to choose from a range of benefit choices.
Formulary
A list of certain drugs and their proper dosages. Under most health plans, better benefits are provided for formulary drugs than are provided for non-formulary drugs.
