Rate of new cases of a disease or health condition in a specified population over a defined period. To calculate an incidence rate, look at the number of new cases occurring in a population that is at risk for getting the disease over a specific time period.
Insurance Encyclopedia
Incident
Untoward event which may or may not cause accidental loss, depending on the particular circumstances of the event. An accident is a type of incident which results in accidental loss, but not all incidents are accidents. See Also: “Accident.”
Incident of ownership
Right to exercise any insurance policy privilege such as right to change the beneficiary, cancel or surrender a policy, assign the policy, obtain a policy loan, or use the policy as collateral for a loan.
Incident-to billing
1. In the Medicare program, billing for medical services provided by an employee of a provider who is a nurse, physician’s assistant, anesthetist, psychologist, technician, occupational therapist, or physical therapist. The services and supplies must be furnished under the direct supervision of the physician or other practitioner. The physician or other practitioner directly supervising the auxiliary personnel need not be the same physician or other practitioner on whose professional service the incident-to service is based. The physician does not need to be physically in the room with the ancillary provider, but he or she must be available in the immediate office suite. 2. Incident-to billing excludes inpatient hospital billing. Many hospital outpatient services need the presence and monitoring of a physician and contain incident-to language. Physicians must be in the same building when incident-to services are given by qualified providers, so physicians may need to sign in and out of a log book to document when they are on and off site. 3. Third-party payers may or may not recognize incident-to billing, and each insurance carrier has its own policies about it.
Incident-to service
1. Benefit paid by Medicare for a service provided by an employee who is a nurse, physician’s assistant, anesthetist, psychologist, technician, occupational therapist, or physical therapist. A physician bills Medicare for the service. When the services provided are integral, though incidental, to the physician’s professional service and are performed under direct supervision of the physician, Medicare classifies this care as “incident to a physician’s professional services” (e.g., a diabetic patient who reports to a clinic for checkups. 2. In the hospital setting, this term is used for revenue codes for pharmacy, supplies, and anesthesia with radiological procedures and other diagnostic services.
Incidental business
Business written by a Lloyd’s syndicate formed to write one class of business but which falls into another class. This is permissible within specified limits.
Incidental Contract
Any one of several designated classes contracts which are exceptions to the usual general liability Insurance exclusion of liability assumed under contract. Because of this exception, most general liability policies cover the insured’s liability for bodily injury or property damage assumed under most written leases of premises, easement agreements. indemnity agreements required by a municipality, side-track agreement with a rail road, and elevator maintenance agreements.
Incidental medical malpractice
A portion of the commercial general liability policy that is triggered if a covered party or the association were to be sued because they tried to provide Good Samaritan help or other medical first aid type care and were not professionals in the medical field.
Incidental non-marine
Non-marine insurance underwritten by a marine insurer that is supplementary or incidental to his marine business.
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Insurances written by a Marine underwriter as an adjunct to his marine insurance account.
Incidents of ownership (Liability Insurance)
The rights of the policy owner as listed in the policy; for example, the right to choose a new beneficiary.