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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

fee-for-service  

Definition 1.

A health insurance plan that allows the holder to make almost all health care decisions independently. The plan holder pays for a service, submits a claim to the insurance company, and, if the service is covered in the policy, receives reimbursement. Fee-for-service plans often have higher deductibles or copay than managed care plans.
 
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