Benefit: A general term referring to any service (such as an office visit, laboratory test, surgical procedure, etc.) or supply (such as prescription drugs, durable medical equipment, etc.) covered by a health insurance plan in the normal course of a patient's healthcare.

• Defined benefit plans – These plans pay participants a certain amount after they retire. based on years of employment and their salary. • Employee welfare plans or welfare benefit plans – These plans provide medical, health, and hospitalization benefits or income in the event of sickness, accident, or death.

isolved provides comprehensive account-based administration to maximize employee experience and benefit reimbursements including: Anywhere, anytime access to employee plan information or support services. Quick and easy reimbursement for out-of-pocket expenses.

The health care items or services covered under a health insurance plan. Covered benefits and excluded services are defined in the health insurance plan's coverage documents. In Medicaid or CHIP, covered benefits and excluded services are defined in state program rules.