point-of-service (POS) device

Piece of equipment interfaced with an analog telephone line used to identify a recipient’s eligibility, obtain share of cost liability status, key in share of cost payment toward balance, reserve medical services, perform Family PACT (planning, access, care, and treatment) client eligibility transactions, and submit pharmacy or CMS-1500 insurance claims. Also referred to as point-of-sale (POS) device or point-of-service (POS) network.

point-of-service (POS) option

1. Under a managed care plan or Medicare managed care plan, an opportunity for a member or beneficiary to choose doctors and hospitals outside the plan for an additional cost. 2. Option under TRICARE Prime that allows self-referral for any TRICARE-covered nonemergency services outside the prime network of providers.

point-of-service (POS) plan

Managed care plan in which members are given a choice as to how to receive services, whether through an HMO, PPO, or fee-for-service plan. They may choose a nonparticipating provider (higher cost) or participating provider, with different levels associated with the use of participating providers, and with or without a referral. The decision is made at the time the service is necessary (i.e., “at the point of service”); sometimes referred to as open-ended HMOs, point-of-service (POS) program, swing-out HMOs, self-referral options , or multiple option plans.

Policy advisory group

Generic name for many work groups at Workgroup on Electronic Data Interchange (WEDI) and elsewhere. WEDI is a subgroup of the Accreditation Standards Committee X12 that has been involved in creating electronic data interchange standards for insurance billing transactions.

Policy anniversary

MEDICAL,USA,REFERENCE: See: anniversary date.
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The anniversary of the date a policy began. This information is usually listed within the policy’s declarations page.
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The anniversary of the date of issue of a policy as show in the policy declarations.