Formal request submitted for processing at the beginning of a 60-day home health episode after a physician evaluates a Medicare beneficiary’s condition and assigns him or her to a case-mix group. The RAP payment is the first of the two payments required during an episode under the home health prospective payment system.
Insurance Encyclopedia
Request for proposal (RFP)
A document used to secure proposals for insurance or risk management services.
Request note
A document whereby an insurer presents a reinsurer with particulars of a risk proposed for facultative reinsurance. The reinsurer may respond with a take note stating the amount of reinsurance undertaken.
Requestor
Entity who formally requests access to the Centers for Medicare and Medicaid Services (CMS) data.
Required by law
Under the Health Insurance Portability and Accountability Act (HIPAA), mandate contained in law that compels a covered entity to make use or disclosure of protected health information and that is enforceable in a court of law such as court orders and subpoenas.
Required minimum margin (RMM)
The minimum margin of solvency required at all times of regulated general and long-term insurers. Firms in breach must provide a plan to restore their financial position. The FSA definition of RMM is effectively a weighted average of provisions (life insurance) or premiums/claims in non-life business, but the FSA, taking its ‘realistic approach’, looks at the way RMM, often conservative, has been calculated. See SOLVENCY MARGIN.