CAP Insurance provides small business health insurance, Medicare insurance, and individual and family health insurance. Caring About People is our primary ...
What does cap stand for in insurance?
The amount of money an insurance plan will pay in total benefits. Once a patient's medical bills reach the total, or cap, the plan will no longer provide coverage.
What is capping policy?
Insurance companies can no longer set yearly dollar limits on what they spend for your coverage. Previously, health plans set an annual limit — a dollar limit on their yearly spending for your covered benefits. You were required to pay the cost of all care exceeding those limits.
Do insurance companies have a cap?
Claims Assistance Professionals (CAPs) advocate for you with your insurance company and providers. With years of medical claims experience, a CAP is your champion, stepping in as needed to resolve problems and facilitate claims payment.