The person, company, or government responsible for making payments on an income stream
The insurance company, third party administrator, self-insured employer or other entity that pays health insurance claims on behalf of eligible persons
an insurance company, third-party administrator, self-funded employer, managed care organization, or federal health benefit program (Medicare/Medicaid) that reimburses claims
In life and health insurance, the person who pays the premiums on a policy Also, the applicant for or in a juvenile life policy
A good payer pays you quickly or pays you a lot of money. A bad payer takes a long time to pay you, or does not pay you very much. I have always been a good payer and have never gone into debt. someone who pays someone or something
A party responsible for the payment as evidenced by the given instrument Under letters of credit, the payer is the party on whom the draft is drawn, usually the drawee bank
You can refer to someone as a payer if they pay a particular kind of bill or fee. For example, a mortgage payer is someone who pays a mortgage. Lower interest rates pleased millions of mortgage payers. see also ratepayer, taxpayer
Generally regarded as the guarantor of payment Could be an employer, health and welfare fund, insurer, or a broker for the employer or labor organization acting in a purchasing agent capacity, or an individual
Any individual or organizations that pays for health care services-including insurance companies, labor unions, third party administrators, employers, and various government programs such as Medicare and Medicaid
In health care, an entity that assumes the risk of paying for medical treatments This can be an uninsured patient, a self-insured employer, a health plan, or an HMO
The party or group an individual contracts with to cover healthcare services, unless the patient is paying out-of-pocket This is sometimes referred to as a "third party payer"
An organization, such as insurance company or HMO, that pays or reimburses a provider for health care services rendered by that provider to a patient or health plan member A fiscal intermediary between purchasers and consumers of health care
An agency, insurer or health plan that pays for health care services and is responsible for the costs of those services Payers include the government (e g Medicare), commercial insurance and employers' self-insured plans Back to Top
in health care, an entity that assumes the risk of paying for health care services This can be an uninsured (self-pay) patient, a self-insured employer, a health plan or an HMO