Major medical policies - Health care policies that usually cover both hospital stays and physicians´ services in and out of the hospital.
Managed health care - A system that organizes physicians, hospitals, and other health care providers into networks with the goal of lowering costs while still providing appropriate medical services. Many managed care systems focus on preventive care and case management to avoid treating more costly illnesses.
Mandated benefits - Health care benefits that state or federal law says must be included in health care plans.
Mandated offerings - Health care benefits that must be offered to the employer or organization sponsoring a group policy. The sponsor is not required to include the benefits in its group plan.
Market value - The current value of your home, including the price of land.
Material misrepresentation - A significant misstatement on an application form. If a company had access to the correct information at the time of application, the company might not have agreed to accept the application.