Retrospective Payment

Reimbursement of, say, an insured person by an insurance company, after they have incurred the health care expense. It is also used to describe the compensation paid to a provider of service after the service has been provided. A disadvantage of both forms of payment is that the reimburser has little control over the factors that have caused the expense to be what it is. Another, from the claimant's point of view, is the delay that occurs between incurring the expense and receiving the reimbursement. Cf. Prospective Payment System.

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