Monthly fee paid by or on behalf of individuals who are entitled to voluntary enrollment in the Medicare health insurance program.
Insurance Encyclopedia
Part B hospital insurance coverage
Generally Medicare Part B is for medical insurance. However, Part B hospital insurance coverage applies under the following circumstances: (1) when a beneficiary receives inpatient hospital services and these cannot be reimbursed under Part A because the benefits are exhausted either before or after admission and before the stay reaches outlier status; (2) the outlier days are not covered or the waiver of liability payment is not made; (3) a noncovered level of care is received; or (4) the patient is not entitled to Part A or elects not to use lifetime reserve days. See Medicare Part B.
Part C Medicare Plus (+) Choice Program
See: Medicare Part C.
Part Charter
Where part of an airline’s scheduled flight is sold as if it were a charter in its own right (often wrongly used as a synonym for split charter).
Part D Medicare Prescription Drug Program
See: Medicare Part D Prescription Drug plan.
Part IV Permission
Permission given by the FSA under Part IV FSMA to carry on regulated activities.
Part Load Charter
Where a part of an aircraft’s load is discharged at one destination and a part of it at another. This is distinct from a split charter where a number of consignments are carried to the same destination inbound part loads are treated as single entity charters under the regulations of most countries.
Part Of
A reinsurance term used to make it clear that the reinsurer is accepting part only of the risk covered by the original insurance and that in the event of a short closing he will not be saddled with the whole risk.
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UK: Reinsurance term indicating that the reinsurer is accepting part only of the original risk and making it clear that in the event of a short closing he will not be prepared to accept the whole of the risk.
Part-Time Agent
An agent who, as a subsidiary activity, introduces business to an insurer on which he received a commission.
Part-time work
In workers’ compensation cases, employment of fewer than 30 hours per week for one employer.