point-of-service (POS) device

Piece of equipment interfaced with an analog telephone line used to identify a recipient’s eligibility, obtain share of cost liability status, key in share of cost payment toward balance, reserve medical services, perform Family PACT (planning, access, care, and treatment) client eligibility transactions, and submit pharmacy or CMS-1500 insurance claims. Also referred to as point-of-sale (POS) device or point-of-service (POS) network.

point-of-service (POS) option

1. Under a managed care plan or Medicare managed care plan, an opportunity for a member or beneficiary to choose doctors and hospitals outside the plan for an additional cost. 2. Option under TRICARE Prime that allows self-referral for any TRICARE-covered nonemergency services outside the prime network of providers.

point-of-service (POS) plan

Managed care plan in which members are given a choice as to how to receive services, whether through an HMO, PPO, or fee-for-service plan. They may choose a nonparticipating provider (higher cost) or participating provider, with different levels associated with the use of participating providers, and with or without a referral. The decision is made at the time the service is necessary (i.e., “at the point of service”); sometimes referred to as open-ended HMOs, point-of-service (POS) program, swing-out HMOs, self-referral options , or multiple option plans.

Points basis

A system of rating motor traders’ road risks policies by allocating a certain number of points for each feature of the insured’s business (e.g. number of vehicles; number of persons permitted to drive; number of trade plates, etc.). The insured submits an annual declaration in respect of these activities.

Points rating system

A system for calculating the office premium by relating it to points associated with each cell within a rating factor. The higher the risk associated with the cell, the higher the points and the higher the premium For example, a driver aged 20 would be associated with far more points, and all other things being equal a higher premium, than a driver aged 40.