level of service (LOS)

1. Intensity of medical services given to a patient when a physician provides one-on-one service (i.e., minimal, brief, limited, intermediate, comprehensive). 2. Other levels of service given by a health care organization (i.e., ambulatory surgery). Sometimes referred to as level of care (LOC) .

level of specificity

Phrase used when assigning a diagnostic code to the highest degree. It means to assign (1) three-digit codes (category codes) if there are no four-digit codes within the code category or (2) four-digit codes (subcategory codes) if there are no five-digit codes for that category or (3) five-digit codes (fifth-digit subclassification codes) for those categories where they are available.

Level premium billing

Allows the insured to pay a specific amount of premium on each due date during the policy year that is based on an estimated annual premium. An adjustment is made at the end of the policy year for coverage changes that occurred during that year.

Level premium insurance

Life insurance for which the cost is evenly distributed over the period during which premiums are paid. Premiums are the same from year to year. Protection in the earlier years is more than the actual cost, building up a reserve, and in the later years, less than the actual cost.