Indiana Code 27-1-24.5-5. “Health plan”
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Sec. 5. As used in this chapter, “health plan” means the following:
(2) A policy of accident and sickness insurance (as defined in IC 27-8-5-1). However, the term does not include the coverages described in IC 27-8-5-2.5(a).
(1) A state employee health plan (as defined in IC 5-10-8-6.7).
Terms Used In Indiana Code 27-1-24.5-5
- Contract: A legal written agreement that becomes binding when signed.
- covered individual: means an individual who is entitled to coverage under a health plan. See Indiana Code 27-1-24.5-1
- health plan: means the following:
Indiana Code 27-1-24.5-5
- Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
- Insurance: means a contract of insurance or an agreement by which one (1) party, for a consideration, promises to pay money or its equivalent or to do an act valuable to the insured upon the destruction, loss or injury of something in which the other party has a pecuniary interest, or in consideration of a price paid, adequate to the risk, becomes security to the other against loss by certain specified risks; to grant indemnity or security against loss for a consideration. See Indiana Code 27-1-2-3
(3) An individual contract (as defined in IC 27-13-1-21) or a group contract (as defined in IC 27-13-1-16) that provides coverage for basic health care services (as defined in IC 27-13-1-4).
(4) Any other plan or program that provides payment, reimbursement, or indemnification to a covered individual for the cost of prescription drugs.
As added by P.L.68-2020, SEC.1. Amended by P.L.207-2021, SEC.52.