See: global capitation .
Insurance Encyclopedia
Full-service plan
Health insurance plan that pays the actual cost in full instead of a specific maximum for each service. This is in cases where payment is based on usual, customary, and reasonable (UCR) fees.
full-time employee (FTE)
In accounting, the equivalent of one individual working full-time (30 hours or more per week). This includes the wages, benefits, deductions (i.e., Social Security, disability insurance, state and federal income taxes) and other costs.
full-time equivalent (FTE)
In relation to employment, the equivalent of one individual working full-time for a certain period. This can be made up of several part-time individuals or one full-time person.
Fully accredited
Designation that all the elements within all the accreditation standards for which the accreditation organization has been approved by the Centers for Medicare and Medicaid Services have been surveyed and fully met or have otherwise been determined to be acceptable without significant adverse findings, recommendations, required actions, or corrective actions.
Fully capitated
See: global capitation .
Fully contributory
Situation in which those insured under a group policy pay the complete cost of their insurance.
Fully insured
Insurance plan method of funding in which the insurance company assumes all risk and the insured group bears none. Usually, premiums are higher in this type of plan.
Fully insured scheme
A pension scheme where the trustees have effected an insurance contract in respect of each member guaranteeing benefits corresponding to those promised under the rules.
Fully insured status
A clause found within the OASDHI that details the requirements a person must meet to be eligible to collect social security retirement benefits. Most often, the person has to have worked for ten years. OASDHI stands for “Old Age, Survivors, Disability, and Health Insurance.”