Carryover provision
Term · Insurance and risk management · MLC-T-INS-000692
A clause in an insurance policy, particularly in health or dental plans, that allows a policyholder to apply unused benefits or meet a deductible requirement over a specified period, typically from one plan year to the next. This provision can reduce out-of-pocket costs for the insured in subsequent periods. For example, a portion of an unmet deductible might carry over to the next year.
| Identifier | MLC-T-INS-000692 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-000692",
"term": "Carryover provision",
"field": "Insurance and risk management",
"definition": "A clause in an insurance policy, particularly in health or dental plans, that allows a policyholder to apply unused benefits or meet a deductible requirement over a specified period, typically from one plan year to the next. This provision can reduce out-of-pocket costs for the insured in subsequent periods. For example, a portion of an unmet deductible might carry over to the next year.",
"url": "https://mlchart.com/terminology/insurance/carryover-provision/"
}
Record 460 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.