The dollar value of all claims paid (i.e. hospital, medical, surgical) during the plan year, regardless of the date that the service was performed.
The total of claims actually paid during a specific time period. A straight cash accounting basis with no adjustment for anticipated or known liabilities that have not yet been paid.
Health, Life, Pension] the CLAIM AMOUNTS paid during a period of time for CLAIMS covered by a policy or group of policies; see also INCURRED CLAIMS; (2) [Property/Casualty] see CLOSED CLAIMS
The total claims payment made by the plan or insurance company. It does not include any employee cost sharing or provider discounts.