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Transfer

1. Relocating or moving a patient from one health care facility or inpatient unit to another for additional treatment. Under the Medicare prospective payment system, the transferring hospital is paid based on a per diem rate and the patient’s length of stay. The diagnosis-related group (DRG) payment is made to the final discharging facility. 2. Move membership from one health insurance to another.

transfer enrollment period (TEP)

One of four periods during which an individual can enroll in Medicare Part A. TEP is for people age 65 or older who have Part B only and are enrolled in a Medicare managed care plan. They can sign up for Medicare Part A during any month they leave the plan or if the plan coverage ends, they have 8 months to sign up. The 8 months start the month after the month they leave the plan or the plan coverage ends. If they enroll in Part B or Part A during the general enrollment period (GEP), the coverage starts on July 1. Also see initial enrollment period (IEP), general enrollment period (GEP) , and special enrollment period (SEP) .

Transfer of risk

A basic underlying principle of insurance, whereby the risk of financial loss is transferred from one party to another.
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Shifting all or part of a risk to another party. Insurance is the most common method of risk transfer, but other devices such as hold harmless agreements, also transfer risk. One of the four major risk management techniques. Shifting of the legal responsibility for loss or the financial burden of loss, either through Insurance or non-Insurance transfer. See Also: “Insurance,” and “Non Insurance transfer.” Transferee : Organization, person or other entity that receives a transferred exposure. Transferor : Organization, person or other entity that transfers an exposure to another.Transferable Letter of Credit : A letter of credit that allows all or a portion of the proceeds to be transferred from the original beneficiary to one or more additional beneficiaries.
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One of the major risk management methods, which is done by reassigning risk to another party. Insurance is a type of risk transfer.

Transfer payment

Amount paid by one pension scheme to another when its former member joins another occupational pension scheme or starts a personal pension to which his benefits are transferred. The transfer payment may be made in accordance with the scheme rules or in the exercise of a member’s right under PSA93.