benefit terms glossary
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- GLOSSARY LIST OF COMMONLY USED TERMS. 1  Allowable Charge: The amount a benefit plan determines to be a reasonable charge for a service. 2  Ambulatory Surgery: Surgery performed on an outpatient basis where the patient goes home the same day of the surgery.
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Insurance Glossary - Understanding Common Terms A type of coverage that pays benefits, when an accident occurrs or a medical problem arrises, sometimes including reimbursement for loss of income, in case of sickness, accidental injury, or accidental death.
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gratuity fringe benefit, perk, perquisite - an incidental benefit awarded for certain types of employment (especially if it is regarded as a right); a limousine is one of the fringe benefits of the job. Christmas box - a present given at Christmas for services during the year.
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HIV and Health Law: Striking the Balance between Legal Mandates and Medical Ethics Medical Information. Benefit Concepts will safeguard all health care information we have in accordance with state and federal law, including the Health Insurance Portability and Accountability Act of 1996 (HIPAA). We will not use or disclose health care information we have except as permitted by law.
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- Definition of benefit. 2a : something that produces good or helpful results or effects or that promotes well-being : advantage discounted prices and other benefits of a museum membership The benefits outweigh the risks of taking the drug.
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What is a 'Defined-Benefit Plan' Defined-Benefit Plan. What is a 'Defined-Benefit Plan'. A defined-benefit plan is a retirement plan that an employer sponsors, where employee benefits are computed using a formula that considers factors, such as length of employment and salary history. The company administers portfolio management and investment risk for the plan.
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Idle Worker Process Page-Out in IIS 8.5 Configure Idle Worker Process Page-Out as a Default for Application Pools. 1  Open IIS Manager. 2  Select Applications Pools in the Connections pane, and then click Set Application Pool Defaults... in the Actions pane.
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- Benefit Concepts is committed to protecting your personal information and your privacy. This privacy and security statement describes how Benefit Concepts protects your personal information. As technology advances, newer features may be implemented that require changes to this statement.
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Medicare Glossary Glossary of Terms. This is the way Medicare measures your use of hospital and skilled nursing facility (SNF) services. A benefit period begins the day you’re admitted as an inpatient in a hospital or SNF. It ends when you haven’t received any inpatient hospital care or skilled care in a SNF for 60 days in a row.
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Glossary of Terms Glossary of Terms. Most of the definitions below are provided courtesy of the Insurance Institute of Canada. Definitions provided by Insurance Bureau of Canada are indicated with an asterisk (“*”). Absolute liability*. Accident Benefits (AB) - CLEAR*. Accident Benefits (AB)*. Accident*. Accounts Receivable Coverage*.
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Health and Benefits Health and Benefits. 1  Workplace Health An integrated approach to improving the physical, financial and mental health and wellbeing of your workforce. 2  Employee Benefits Mercer’s experience and expertise allow us to provide a more strategic approach to employee benefits design.
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benefit Definition of benefit. 1  1 archaic : an act of kindness : benefaction. 2  2a : something that produces good or helpful results or effects or that promotes well-being : advantage discounted prices and other benefits of a museum membership The benefits outweigh the risks of taking the drug.
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Another word for benefit Another word for benefit. These verbs mean to derive advantage from something: benefited from the stock split; capitalized on her adversary's blunder; profiting from experience.
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- VII. COORDINATION OF BENEFITS (COB) Certain terms used in this Section are defined throughout and/or in the Glossary of Terms . Coordination of Benefits Provision This Coordination of Benefits (COB) provision applies when a Member has coverage through more than one health plan or through a non- Network pharmacy policy. Please note that We
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- One dollar is expressed as money and one hundred dollars is  expressed as money.    The plural form of the noun money is moneys or  monies. However, it's used most commonly when  referring to multiple types of money. For instance, a dollar bill  is money. Two dollar bills is still money. A dollar and a euro  could be said to be monies.
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- payor benefit. A provision under which premiums are waived if the person paying the premiums becomes disabled or dies. This option is often used when the insured is the child or spouse of the policyholder. Suggest an improvement or addition to the Insurance and Risk Management Glossary.
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- A feature is something that a product or service is or does.. A benefit is something that the product or service means to the customer. For example: 1  Wrong: This car has a reinforced safety roof. (feature). 2  Right: This car keeps your family safe..( 3 benefit). benefit is something that the product or service means to the customer. For example: 1  Wrong: This car has a reinforced safety roof. (feature). 2  Right: This car keeps your family safe..
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What is ELECTIVE BENEFITS? What is ELECTIVE BENEFITS? Chosen coverage or payments as a part of insurance or employment. Choice can also be for how the benefits are applied when use of the benefit occurs. Payments can be lump sum rather than installments over time. More On This Topic
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- UTEP Glossary of PeopleSoft Terms. PeopleSoft Term Definition Define Term. A&P Administrative and Professional. A type of position. ABBR. Annual Benefits Base Rates - used by UT Share to calculate premiums for Life, AD&D, and. Disability Plans.
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Optional Benefits Optional Benefits. The Department of Financial Services requires that at the time of sale of policies covering long term care services, certain optional benefits must be offered. These options (and the types of policies they must be offered with) are as follows: Inflation Protection: An Inflation Protection Benefit must be offered with Long Term Care Insurance, Nursing Home Insurance Only, Home Care Insurance Only and Nursing Home and Home Care Insurance.
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How does a defined benefit pension plan differ from a defined contribution plan? Defined Benefit Plans define the benefit ahead of time. That benefit is usually a monthly payment in retirement, based on the tenure of the employee, his or her salary, and possibly other factors. Payments are usually defined to be for the lifetime of the employee.
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Community Benefit Overview Community Benefit Overview. Community benefits are programs and services designed to improve health in communities and increase access to health care. They are integral to the mission of Catholic and other not-for-profit health care organizations, and are the basis of tax exemption. For nearly 20 years, CHA has been a leader in the community benefit field, helping not‑for-profit health care organizations fulfill their community benefit mission. Learn more
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Glossary of Insurance Terms Glossary of Insurance Terms. This page provides a glossary of insurance terms and definitions that are commonly used in the insurance business. New terms will be added to the glossary over time. The definitions in this glossary are developed by the NAIC Research and Actuarial Department staff based on various insurance references.
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Types of Employee Benefits and Perks Employee benefits are non-salary compensation that can vary from company to company. Benefits are indirect and non-cash payments within a compensation package. They are provided by organizations in addition to salary to create a competitive package for the potential employee. Types of Mandated Employee Benefits.
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Types of Employee Benefits Types of Employee Benefits. Benefits are any perks offered to employees in addition to salary. The most common benefits are medical, disability, and life insurance; retirement benefits; paid time off; and fringe benefits. Benefits can be quite valuable. Medical insurance alone can cost several hundred dollars a month.
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Hybrid plans Defined Benefit Plan. A defined benefit retirement plan provides a benefit based on a fixed formula. Choose a Defined Benefit Plan. Learn the basics of defined benefit plans.