UNSPSC 84 Financial and Insurance Services: This segment includes services associated with finance, banking, investing and insurance. Included in this section are escrow services. UNSPSC 8413 Insurance and retirement services UNSPSC 841316 Life and health and accident insurance UNSPSC 84131601 Life insurance UNSPSC 84131602 Health or hospitalization insurance UNSPSC 84131603 Accidental injury insurance UNSPSC 84131604 Disability insurance UNSPSC 84131605 Workmens insurance UNSPSC 84131606 Unemployment insurance UNSPSC 84131607 Liability insurance UNSPSC 84131608 Medical Claims Review and Management UNSPSC 84131609 Employee assistance programs: Costs related to insurance services for confidential counseling services to eligible employees, retirees, and their eligible dependents UNSPSC 84131610 Flexible spending accounts FSA: Provides the employee with a way to reimburse themselves for health care expenses not covered under the medical and dental plans and not payable by any other source with before-tax dollars UNSPSC 84131611 Medical malpractice insurance: Promise of reimbursement for medical malpractice UNSPSC 84131612 Non-medical benefit claims analysis service: Review of benefit claims for drug prescriptions (and possibly other life/health claims) that were fulfilled where reporting and credits can be obtained. Can be used for ad hoc data analytics. UNSPSC 84131613 Claims payment processing or administration: Services offered by suppliers (Third-Party Payers or Third-Party Administrators) who collect insurance premiums from various group clients, handle payment to service providers (health, dental, drug) and remit premiums collected back to insurance companies. In some cases, may act to pay on behalf of insurance company, and directly contact and maintain information with the group clients. UNSPSC 84131614 Underwriting service: Service which assesses and classifies the potential degree of risk that a proposed insured represents. Provides guarantees that money will be available to pay for losses that are insured against.
