HCPCS Level II modifier that may be used with CPT or HCPCS Level II codes indicating services provided by a certified diabetic educator.
Insurance Encyclopedia
Swap maternity (Health Insurance)
A provision under which pregnancy is covered to members of a group health plan, but the coverage is terminated at the time the plan is, regardless of whether the pregnancy is still in progress.
Swaps
An alternative risk transfer between two parties having risks in the opposite direction. An insurer might swap a windstorm exposure with a building contractor who gets work if windstorm occurs. If it does not occur, the contractor’s excess capacity is compensated from the insurer’s additional profit following favourable claims experience.
Swaps (weather)
Agreement between parties with diverging interest to exchange payment streams based on an underlying rate, index, instrument or asset and a ‘notional amount’. An ice cream manufacturer wants a warm summer while an overseas tour operator expects a cool summer to boost his sales. If the temperature is above the reference temperature, 18°C, the ice cream company pays the tour operator out of their enhanced revenue. No premium changes hands, the upside risk of one party pays the downside risk of the other.
Swaying
Transverse motion of a ship on high seas.
Sweat damage
Damage to cargo caused by water condensing from humid air inside a container or the hold of the ship due to a fall in outside temperature.
Sweating
There are certain commodities which require special stowage facilities and variations of temperature in badly ventilated holds and can cause condensation and consequent “Sweat damage to goods.”
SWIFT
SWIFT is an acronym for “Single Window International Facultative and Treaty.”
Swing bed
Bed used for acute or long-term care facilities usually located in small and rural hospitals. A patient in a swing-bed in an acute care setting may be discharged and readmitted to a swing bed and receive skilled or intermediate levels of care. A patient may remain in the swing bed while changes occur in medical care, charges, and payment.
Swing rated policies
policies of insurance or reinsurance where the initial premium is subject to variation depending upon claims experience (see also Burning cost).