What Is HIPAA? Definition | Epic Life Glossary

Why it matters

Life insurers collect health details during underwriting. HIPAA applies to health care providers and plans, and it controls when they can release records. Life insurers often get a signed authorization from the applicant to see medical records. Epic Life states it processes and stores protected health information on AWS in a HIPAA-compliant way. Families should read any authorization form and know they may ask what is shared.

Source: law.cornell.edu

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Related terms

GLBA: GLBA is the Gramm-Leach-Bliley Act, a federal law that requires financial institutions, including insurers and agents, to explain how they share customer data and to protect that data.
Privacy Notice: A privacy notice is a written statement that explains what personal information a company collects, how it uses and shares it, and what choices the customer has. Financial firms and insurers must provide one.
Attending Physician Statement (APS) (APS): An attending physician statement is a report or set of medical records that a carrier requests from your doctor so it can review your health history during underwriting.
Underwriting: Underwriting is the process a carrier uses to review an application, judge the risk, and decide whether to offer coverage and at what price. It looks at health, age, habits, and history.
Paramedical Exam: A paramedical exam is a brief health check done by a nurse or technician, often at your home or work, for a life insurance application. It usually includes height, weight, blood pressure, and blood and urine samples.

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Where we use this term

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