Cost Plus
Definition of "Cost plus"
Insured plan under which the insurance company agrees to provide the insured with a series of benefits on a benefits-paid basis plus administrative services on a stipulated-fee basis. This plan enables the policyholder to control more of its own cash flow than it can under traditional insurance plans. While this plan is similar to the administrative services only (ASO) plan, it is dissimilar in that it is an insured plan.
Popular Insurance Terms
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