What are mandated benefits?
The Bankrate.com financial term of the day is: "mandated benefits."
There are certain things a health insurance plan must cover because it's the law. These mandated benefits can be required by federal or state law. Examples include reconstructive breast surgery after a mastectomy, which is a federally mandated benefit, and the contraceptives that must be covered in the same way as prescription drugs in many states.
"Mandated benefits" means all the stuff you can count on to be there in your health care plan thanks to federal and state government.
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