Knowledge Base - Glossary of Terms
Below you will find a list of terms and definitions relating both to Norvax products, as well as the health insurance industry in general. These terms are arranged alphabetically, but you can quickly jump to a specific term by selecting its first letter
from the index of the knowledge base glossary below.
An insurance professional that determines the premiums for applicants.
Underwriting
The process in which an insurance company or underwriter determines the amount the premiums will be for applicants.
Usual, Customary, and Reasonable Fees
The standard amount that is usually covered or charged for medical services and supplies, as recommended by health care professionals.
Utilization Review
The process in which the care of patients are monitored for cost-effectiveness, efficiency, and quality.