Fast decision from the Medicare+Choice organization about whether it will provide health service. A beneficiary may receive a quick determination within 72 hours if life, health, and ability to regain function may be jeopardized.
Insurance Encyclopedia
Expediting expenses
In business interruption and boiler & machinery policies, expenses to speed up repair or replacement.
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Expense incurred in order to hasten repair or replacement of property to reduce the amount of loss. Expediting expenses generally are covered by a property Insurance Policy if they do reduce the amount of the loss the Insurer would otherwise have to pay.
Expediting expenses (Property Insurance)
Costs sustained by a business attempting to hurry a reopening after damage.
Expenditure
1. Issuance of checks, disbursement of cash, or electronic transfer of funds made to liquidate an expense regardless of the fiscal year the service was provided or the expense was incurred. 2. When used in the discussion of the Medicaid program, expenditures refer to funds spent as reported by the states. Also called outlay .
Expenditure limit
Maximum level of spending for the health sector or certain categories of services. It is usually established by the government through rate setting or premium limits.
Expense
A policy’s share of company’s operating costs, fees for medical examinations and inspection reports, underwriting, printing costs, commissions, advertising, agency expenses, premium taxes, salaries, rent, etc. Such costs are important in determining premium rates.
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MEDICAL,USA: Funds spent or incurred providing goods, rendering services or carrying out other mission-related activities during a period. Expenses are computed using accrual accounting techniques that recognize costs when incurred and revenues when earned and include the effect of accounts receivables and accounts payable on determining annual income.
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The cost of operating the insurance business exclusive of losses or claims.
Expense (Health Insurance)
The share of the insurer’s operating expenditures, such as underwriting, medical examination costs, salaries, and other expenses that come from each policy.
Expense Account
Record of money spent by an officer or employee in advancement of the Company for which reimbursement will be made by the Company.
Expense Allowance
A compensation paid to an insurance agent in excess of prescribed commissions.
Expense allowance / Expense reimbursement allowance
Payment made to an insurance agent in addition to set commissions.