ancillary products are coverage options offered in addition to the main insurance you’ve sold to a client Often, health coverage is the primary plan you’ve helped the client obtain. Dental and life insurance are examples of common ancillary products sold in addition to health insurance.
What are examples of ancillary products?
Ancillary Products means service contracts, warranties, mechanical breakdown contracts, GAP contracts, vehicle recovery devices, credit life, credit accident, health insurance , and such other products and services acceptable to and approved in writing from time to time by Avid.
What are ancillary items?
An ancillary product is a product that is acquired as a bonus or add-on purchase when buying another product This type of product is often offered as a bonus instead of reducing prices or offering discounts to incentivize customers to purchase the main product.
What is the meaning of ancillary services?
Deeper definition Ancillary services are diagnostic or supportive measures that physicians may use to help treat patients For instance, during a stay in a hospital, anything that doesn’t include room and board or direct care by a nurse or physician is ancillary.
Why are ancillary products important?
For employees: Ancillary products respond to workers’ needs to access important benefits , such as dental insurance, vision insurance and group term life insurance. With ancillary dental and vision benefits, workers can get preventative care, not just care when a problem develops.
What are ancillary products in healthcare?
Ancillary products are coverage options offered in addition to the main insurance you’ve sold to a client Often, health coverage is the primary plan you’ve helped the client obtain. Dental and life insurance are examples of common ancillary products sold in addition to health insurance.
What is another word for ancillary?
In this page you can discover 20 synonyms, antonyms, idiomatic expressions, and related words for ancillary, like: ancilliary, auxiliary, needed, supportive, assistant, attendant, secondary, subordinate, contributory, necessary and adjuvant.
What is the difference between core and ancillary products?
An example of a core product includes all of the following EXCEPT: A bobble head doll of Derek Jeter. An ancillary product is: A product that is related to or created from the core product.
What is an ancillary or supplement?
Ancillary benefits are a type of supplementary health coverage to help cover expenses not covered by your current health plan These benefits provide additional value to employees by helping to ensure that all of their medical needs are met.
Which of the following is an example of an ancillary market?
Ancillary markets are non-theatrical markets for feature films, like home video, television, Pay Per View, VOD, Internet streaming, airlines and others.
What are the types of ancillary services?
- Ambulance services.
- Ambulatory surgery center (ASC) services.
- Audiology services.
- Behavioral health services (inpatient and outpatient)
- Cardiac monitoring.
- Dialysis services.
- Durable medical equipment (DME)
- Hearing services.
What are the things can be include in ancillary services?
Ancillary services include things like diagnostic x-rays and lab tests, prosthetic devices, physical therapy, and various screening tests , among others.
What are ancillary services explain with example?
Ancillary services refer to functions that help grid operators maintain a reliable electricity system Ancillary services maintain the proper flow and direction of electricity, address imbalances between supply and demand, and help the system recover after a power system event.
What are ancillary services in retail?
Ancillary retail services are either different from, enhance, or support the main services/products of a company. They are essentially revenue generated from the sale of products and services that are NOT the company’s main line of business.
What is ancillary warranty?
Ancillary coverage (ANC) helps cover products associated with owning and operating a car , such as dent and ding repair, tire and wheel damage, key fob replacement, lease wear and tear coverage, theft protection and more.
What are ancillaries in airlines?
These extras from the base fare which are not required to travel are known as ancillaries. Travelers are presented with lower fares in exchange for the ability to purchase only the additional products that they need for their specific journeys.
What are ancillary items in construction?
An ancillary area of a building is an area that supports the function/s of the primary areas , that is, it is not part of the primary purpose of the building, but is required in order that the primary purpose can function. Examples of ancillary areas include: Plant rooms. Cleaners’ rooms.
What is ancillary packaging?
Ancillary packaging definition states the packaging materials, which add benefits to the primary packaging Auto-ancillary packaging materials prevent contamination, improve strength, bind packaging and safeguard the main packaging from damage during transit.
What are ancillary products in travel and tourism?
a wide range of ancillary services in order to provide a full service for its clients and earn extra revenue. Examples include insurance companies that offer travel insurance and car parks operators that provide parking facilities at airports as well as in other locations Some other examples are: luggage.
What are ancillary services in banking?
The term “ancillary services” describes any services offered by the banks that are not payment services, lending or deposit facilities They generally lie outside the scope of traditional mainstream banking, with the result that they have developed on an ad hoc basis.
What is an ancillary payment?
Ancillary Payment means a payment, in addition to the Fees, which the Department may at its discretion pay the Provider subject to the Provider satisfying the conditions of any Guidelines relating to the Ancillary Payment.
What is ancillary services in power generation?
The term ancillary services is used to refer to a variety of operations beyond generation and transmission that are required to maintain grid stability and security These services generally include active power control or frequency control and reactive power control or voltage control, on various timescales.
What is ancillary services in marketing?
– Ancillary services are commonly known in the industry as a collection of secondary services offered to help insure the reliability and availability of energy to consumers These services include regulation, spinning reserve, supplemental reserve, voltage regulation, black-start and others.
Is an MRI considered ancillary?
By many in healthcare, radiology is considered an ancillary service such as laboratory testing, drug dispensing, and physical therapy. Medicare and private insurance companies view radiology as an ancillary service.
What are ancillary activities?
An ancillary activity is a supporting activity undertaken within an enterprise in order to create the conditions within which the principal or secondary activities can be carried out ; ancillary activities generally produce services that are commonly found as inputs into almost any kind of productive activity and the.
What are supplemental benefits?
Overview. Supplemental benefits products are insurance policies that provide financial protection against expenses associated with accidents or illnesses not covered by major medical insurance.
Is life insurance an ancillary benefit?
“Ancillary Benefits” refer to benefits that are used to supplement group health insurance These can include the three most sought-after employee benefits: dental, vision and life insurance.
What are the reasons for the addition of ancillary benefits to life cover?
- Fill the gaps of a limited benefits package
- Plans can be paid with pre-taxed dollars
- Happy employees are productive and loyal employees
- Preventative care
- Low cost for employers.
What is the opposite of ancillary?
Antonyms. unsupportive primary negative neutral misconstruction essential dominant accessory auxiliary supportive appurtenant adjunct.
What is the difference between ancillary and auxiliary?
Auxiliary means providing supplemental help, offering additional support. The words ancillary and auxiliary both carry the meaning of lending help or support, but ancillary carries the connotation that this support is considered subordinate in importance, while auxiliary does not carry this connotation.
Which of the following is an example of an ancillary market?
Ancillary markets are non-theatrical markets for feature films, like home video, television, Pay Per View, VOD, Internet streaming, airlines and others.
What is the difference between core and ancillary products?
An example of a core product includes all of the following EXCEPT: A bobble head doll of Derek Jeter. An ancillary product is: A product that is related to or created from the core product.
What is an ancillary or supplement?
Ancillary benefits are a type of supplementary health coverage to help cover expenses not covered by your current health plan These benefits provide additional value to employees by helping to ensure that all of their medical needs are met.
What is an ancillary store?
Ancillary retail services are either different from, enhance, or support the main services/products of a company. They are essentially revenue generated from the sale of products and services that are NOT the company’s main line of business.