Home health services

Supplies and services provided to patients by health care professionals in a patient’s home. These individuals suffer from an injury, illness, or disabling condition or are terminally ill and require short- or long-term care. For Medicare to pay for the benefits, the services must be prescribed by a physician. Services consist of audiology, dental, medical supplies, part-time or intermittent skilled nursing care, nutrition counseling, occupational therapy, pediatric therapy, physical therapy, some rehabilitation equipment, social services, and speech-language pathology.
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Health care services provided by a licensed home health agency in the patient’s home.

Home income plans

Equity release schemes such as lifetime mortgages whereby an elderly person mortgages his or her house to an insurance company or other institution to fund an annuity (joint life and survivor annuity for couples). Mortgage interest is met from the annuity instalments (or deferred until death) leaving an income for the homeowner(s). The loan, up to 80% of the value, and any rolled-up interest is repaid on death but the estate benefits from any capital appreciation. Compare with home reversion plan.

Home office

The corporate headquarters of an insurance company.
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Generally the corporate headquarters of insurers and the location where the chief officers of the organization are housed. See Also: “Head Office.” The term used in USA is Home Office instead of Head Office.