CPT modifier used for unrelated procedure or service by the same physician during the postoperative period. The physician may need to indicate that the performance of a procedure or service during the postoperative period was unrelated to the original procedure. This circumstance may be reported by using the modifier -79. (For repeat procedures on the same day, see modifier -76 .) This modifier may affect reimbursement, depending on the payer.
Insurance Encyclopedia
Modifier-80
CPT modifier used for assistant surgeon. Surgical assistant services may be identified by adding the modifier -80 to the usual procedure number(s). This modifier may affect reimbursement. Some insurance policies do not include payment for assistant surgeons such as for 1-day surgery but do pay for major or complex surgical assistance. In some instances, prior approval may be indicated due to the patient’s physiologic condition. Medicare will not pay assistant surgeons for operations that are not life threatening. Therefore Medigap insurance will not pay on this service because the service is nonallowable. Assisting surgeons usually charge 16% to 30% of the primary surgeon’s fee.
Monetary Indemnity
A specified amount benefit as contrasted expenses reimbursement.
Money and securities (broad form) rider
A broad form of policy protecting against loss of money or securities. There is no coverage for losses caused by, among other things, employee infidelity.
Money and securities broad form (Criminal)
Crime insurance form; now made obsolete by commercial crime coverage. This form covers against loss of money or securities due to various perils.
Money laundering
The process of making dirty money (money obtained illegally) legitimate through a process of placing, layering and integrating that money into the financial system.
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The act of changing the appearance of money that comes from illegitimate sources so that it appears to be legitimate money.
Money purchase benefit formula (Pensions)
A pension plan with fixed contributions for both employee and employer. Contributions are fixed based on the employee’s salary, either as a flat amount or as a percentage of the salary.
Money purchase plan (Pensions)
A retirement or pension plan wherein a particular amount of money is used to purchase an annuity for each participating employee. This is done periodically throughout the employment, and the total of the annuities is paid out to the employee at retirement.
Money purchase scheme
A defined contribution the scheme where member’s contributions (and those of the employer) are invested to build up a pension fund from which a retirement annuity and other benefits can be taken subject to IR limits. The contributions are usually a percentage of the member’s earnings.
Money/Money insurance
An insurer’s definition of money includes cash, bank notes, cheques, postal orders, postage stamps, national savings certificates and holidays with pay stamps, luncheon vouchers and VAT purchase invoices. Cover is ‘all risks’ subject to specific limits depending on the circumstances of the loss, e.g. from a locked safe or a directors home. Insurers normally cover personal assault and theft by employees, primarily a fidelity guarantee risk, is covered only if discovered within 14 days.