AG

HCPCS Level II modifier that may be used with CPT or HCPCS Level II codes indicating services performed by a primary physician. Use of this modifier affects Medicare payment.

Age 75 rule

IR rule allowing members of defined contribution pension arrangements to defer the compulsory purchase of an annuity until age 75. During the deferment period the member may take ‘income drawdown’ within prescribed limits.

Age change

Date halfway between natural birth dates when the age of an individual changes to the next higher age. It is referred to when an individual is purchasing life insurance; the insurance age being the nearer birthday. When purchasing an annuity, the annuity age considered is the last previous birthday.

Age Discrimination in Employment Act of 1967 (ADEA)

Federal legislation that protects employees age 40 and older and requires employers to offer employees 65 years or older the same employment and health insurance benefits as offered to younger employees. ADEA prohibits an individual from being fired based on age and prevents employers from forcing employees to retire at age 65. ADEA also prohibits employers from stopping contributions or accrual of benefits to pension plans after workers reach age 65.