Medicare Wraparound Insurance
Definition of "Medicare wraparound insurance"
Insurance that acts as a supplement to medicare in that it will pay the deductibles and coinsurance sums that the Medicare recipient is responsible for paying. In addition, some policies pay amounts for hospital and nursing home expenses after the Medicare limits have been reached.
Popular Insurance Terms
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recipient. insurance company that receives a premium payment from a payer. insured or beneficiary who receives a loss or benefit payment from an insurer. ...
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