Rescheduling of an employee’s compensation to some future age or date. The employee agrees to receive payment at a later date for work performed before that date, for the purpose of retirement only or to provide a death benefit to the beneficiary of a pension plan.

Type of company that provides administrative and other services through a variety of situations such as retirement planning administration, third-party administration, self-insured plans, compensation planning, salary survey administration, and workers’ compensation claims administration.

Type of plan created by an employer that gives benefits to employees at a later date or after their retirement. The money is not taxed until the later date, usually at retirement, when income is reduced and the deferred funds can then be taxed at a lower rate.

Type of group annuity contract that provides for the purchase each year of a paid-up deferred annuity for each member of the group, the total amount received by the member at retirement being the sum of these deferred annuities.

Type of plan that provides a series of payments only if a designated person is alive.

Health care (medical or dental) that can be delayed without risk to the patient’s physical condition such as eye refraction, immunizations, and dental prophylaxis).

Agreement between the insurance company and the policyholder (company or business) to extend a group insurance policy’s grace period permanently by either 30, 60, or 90 days. This allows the policyholder to use the deferred premium amounts for the length of time by which the grace period is extended. Such an arrangement is usually granted to companies with excellent credit ratings. Also called a premium-delay arrangement .

Premiums that are due after a policy’s statement date but before the next policy anniversary.

In relation to a nursing home, finding that it failed to meet one or more federal or state requirements.

Provisions of DEFRA make Medicare Secondary Payer for spouses age 65 through 69 of employed individuals of any age younger than 70 who are covered by an employer group health plan (EGHP).