What does Aggregate Cost Payments mean? Read on to discover the definition & meaning of the term Aggregate Cost Payments - to help you better understand the language used in insurance policies.
Aggregate Cost Payments
method of reimbursement of a health plan with a corporate entity that directly provides care, where (1) the health plan is contractually required to pay the total operating costs of the corporate entity, less any income to the entity from other users of services, and (2) there are mutual unlimited guarantees of solvency between the entity and the health plan that put their respective capital and surplus at risk in guaranteeing each other.
We hope the you have a better understanding of the meaning of Aggregate Cost Payments.