What is the difference between aggregate and embedded?
Asked by: Verna Kulas | Last update: December 10, 2025Score: 5/5 (74 votes)
What does "embedded" mean on an insurance policy?
Embedded insurance is a form of digital bundling, that enables companies to offer insurance policies as an add-on, generally as a part of the digital sale. This means that the insurance product isn't sold to the customer ad-hoc. Instead, it comes to be provided as a feature of their purchase.
Does aggregate mean non embedded?
Later in the year, when John needs carpal tunnel surgery, he only owes a copayment because the family deductible was already met. A non-embedded, or aggregate, deductible is simpler than an embedded deductible.
What does aggregate mean for health insurance?
An aggregate limit is a maximum amount an insurer will reimburse a policyholder for all covered losses during a set time period, usually one year. Insurance policies typically set caps on both individual claims and the aggregate of claims.
What is better, aggregate or embedded?
For employers, aggregate deductibles are traditionally the better option. They come with lower overall premium costs. However, some families may find them the more expensive option if they have a healthy family. Embedded deductibles offer families with healthy individuals the more predictable and preferred option.
EMBEDDED VS Aggregate (Non-Embedded)
What does "embedded" mean in health insurance?
The first deductible is what is called an embedded deductible, meaning that there are two deductible amounts within one plan: single and family. The single deductible is embedded in the family deductible, so no one family member can contribute more than the single amount toward the family deductible.
What are embedded benefits?
Embedded Benefits means any benefit that accrues to the Generator and/or to the Offtaker as a result (whether wholly or partly) of the Facility being connected to the Distribution System and not the Transmission System, excluding Negative GDUoS Charges; Sample 1Sample 2Sample 3.
What is the difference between aggregate and non aggregate?
Aggregated data combines multiple data points into a single value (like an average or total), while non-aggregated data maintains individual data points without summarization.
What does not embedded mean?
Non-embedded deductible means no covered family member will satisfy an individual deductible until the entire family deductible is met.
What are the benefits of embedded insurance?
- Provide added value to your customers.
- Deepen customer loyalty and engagement.
- Add new revenue streams.
- Differentiate your business and attract investors.
- Build brand equity.
What is considered embedded?
An embedded system is a specialized computer system—a combination of a computer processor, computer memory, and input/output peripheral devices—that has a dedicated function within a larger mechanical or electronic system.
What is the difference between embedded and non-embedded supports?
Examples of embedded supports are text-to-speech an on-screen calculator on allowed items, or a digital notepad. Non-embedded supports are those that must be provided by the schools locally, such as a handheld calculator, abacus, or scratch paper.
What is meant by "embedded"?
Meaning of embedded in English
fixed into the surface of something: embedded in The thorn was embedded in her thumb. If an emotion, opinion, etc. is embedded in someone or something, it is a very strong or important part of him, her, or it: embedded in A sense of guilt was deeply embedded in my conscience.
What are aggregate examples?
Examples of aggregate materials include: Crushed rock - These products are obtained by extracting rocks and crushing them to the desired size and texture. Rock sources can be igneous, sedimentary or metamorphic. Sand - Sand is found in nature.
What is the difference between aggregate and stacked deductible?
With an aggregate family deductible, your family must meet the family deductible before the insurance plan pays benefits. With a stacked deductible, the insurance plan pays benefits to each family member who meets an individual deductible and to all family members once the family meets the family deductible.
What is the disadvantage of aggregate?
Disadvantages of Exposed Aggregate
The installation process will require more materials and labour, leading to increased expenses. It also involves several steps, such as base preparation and concrete pouring. Furthermore, the aggregate material will be more costly than other materials.
How do you explain aggregate?
Aggregate is commonly employed in the phrase "in the aggregate," which means "considered as a whole." Aggregate also has some specialized senses. For example, it is used to describe a mass of minerals formed into a rock, and materials like sand or gravel that are used to form concrete, mortar, or plaster.
Does aggregate mean total?
aggregate noun [C or U] (TOTAL)
something formed by adding together several amounts or things: aggregate of They purchased an aggregate of 3,000 shares in the company. Snowflakes are loose aggregates of ice crystals.
Which is better aggregate or embedded deductible?
Embedded deductible plans are best for most families
The surgery will cost much less if you have an individual deductible that's embedded in a family plan, rather than needing to meet the total family deductible of an aggregate plan.
What are 3 examples of embedded?
- central heating systems.
- engine management systems in vehicles.
- domestic appliances, such as dishwashers, TVs and digital phones.
- digital watches.
- electronic calculators.
- GPS systems.
- fitness trackers.
How to calculate embedded benefits?
Embedded benefits are calculated based on the location of the asset and are related to the capacity and performance of the electricity grid and the overall demand and supply distribution across the country. For example, in remote parts of Scotland, there's a lot of renewable generation due to the abundance of the wind.
What is the aggregate in health insurance?
Key Takeaways. Aggregate deductibles are often used in family health insurance policies and under them. An aggregate deductible means that the entire family deductible must be paid out of pocket before the company pays for services for one family member.
Can a high deductible plan have an embedded deductible?
In some cases, high-deductible health plans (HDHPs) historically used aggregate deductibles instead, but embedded deductibles are common for all other plans when multiple family members are enrolled in a plan together. Embedded deductibles have become the norm for HDHPs as well.
How does embedded insurance work?
Embedded insurance works by seamlessly integrating insurance products or coverage options into a customer's buying experience, typically at the point of sale. This can be done through partnerships between insurance companies and other businesses, such as retailers, travel companies, or car-sharing services.