Group that organizes the group health plan, oversees its facilities, and provides managerial authority.
Tag: MEDICAL
Plan valuation
See: actuarial valuation.
Plan year
Benefit year that the managed care or health insurance plan is in effect.
Planning approval
See: certificate of need (CON).
Play or pay
Health care financing approach requiring employers to provide private insurance coverage for their workers or pay a tax that would go into a public regional fund to cover the uninsured.
PLI
Acronym that translates as professional liability insurance. See malpractice insurance.
Plus sign (+)
In the CPT code book, symbol that precedes a code number indicating the code may be reported in addition to the parent or primary procedure code number. Add-on codes are never reported for stand-alone services but are reported secondarily in addition to the primary procedure. Also see add-on code.
PMI
See: mortgage insurance.
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UK: private medical insurance.
PMPM
Abbreviation for per member per month. See member months.
PMPY
Abbreviation for per member per year. See member months.