Health Insurance Glossary F

Fee-for-Service

A payment system for health care where the provider is paid for each service rendered rather than a pre-negotiated amount for each patient.

Fee Schedule

A complete listing of fees used by health plans to pay doctors or other providers.

Flexible Benefit Plan

A benefits package allowing an employee to choose from a range of benefit choices.

Formulary

A list of certain drugs and their proper dosages. Under most health plans, better benefits are provided for formulary drugs than are provided for non-formulary drugs.

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