Least Expensive Alternative Treatment
Definition
- A stipulation in some insurance policies where the insurer agrees to only provide benefits for the least expensive treatment option when multiple treatment options are available. Also known as "least expensive professionally acceptable alternative treatment" or LEPAAT.
Synonyms
least expensive professionally acceptable alternative treatment
Acronyms
LEAT
Related Terms and Acronyms
- Concurrent Periods — Definition,
- When a patient requires treatment for more than one ailment at a time, all insurance benefits are paid together.
- Exclusions — Definition,
- Situations, as listed in an insurance policy, where insurance companies are allowed to deny coverage to policyholders.
- Gatekeeper — Definition,
- In relation to health maintenance organizations, a gatekeeper is a primary care physician that arranges medical care for policyholders.
- Group Health Insurance Plan — Definition,
- Health insurance that covers a large group of people, often as part as a employee benefit package.
- Health Insurance (HI) — Acronym,
- Insurance that covers the costs of medical expenses for insured persons.
- Health Maintenance Organization (HMO) — Acronym, Important,
- A healthcare plan where insured people receive reasonably priced health insurance through an organization with firm guidelines on the scope of care.
- Pre-existing Condition (PRE-X) — Acronym,
- A medical condition that's occurrence precedes the writing of an insurance policy.
- Preferred Provider Organization (PPO) — Acronym,
- A health care program that gives its members a level of freedom and independence when choosing health care options.
- Primary Care Physician — Definition,
- A doctor who administers or arranges the majority of an individual's health care needs.
- Unallocated Benefit — Definition,
- A requirement for health insurance policyholders to pay reasonable hospital expenses out of pocket to a certain limit.
