Additional premium amount in which the standard Medicare Part B premium goes up 10% for each full 12-month period (beginning with the first month after the end of the beneficiary’s initial enrollment period) in which the beneficiary could have had Medicare Part B but did not take it. There is also a surcharge for Medicare Part D.

Government- or state-imposed fee based on the net premium income collected in a jurisdiction by an insurance company.
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A tax, imposed by each state, on the premium income of insurers doing business in the state.

Under the Fair Credit Reporting Act, advanced written statement to an insurance applicant from an insurance company that an investigative consumer report must be obtained on the applicant.

Abbreviation for preparation for operation or preoperative. See preoperative (preop).

Pertaining to the period before a surgical procedure. Commonly the preoperative period begins with the first preparation of the patient for surgery and ends with the induction of anesthesia in the operating suite.

Managed care plan under which specified health services are rendered by participating physicians to an enrolled group of persons, with fixed periodic payments made in advance, by or on behalf of each person or family. If a health insurance carrier is involved, it contracts to pay in advance for the full range of health services to which the insured is entitled under the terms of the health insurance contract. Such a plan is one form of a health maintenance organization. Also called prepaid group practice model and group model health maintenance organization (HMO).

Managed care plan in which monthly premiums are paid before medical services are received by the patient.

Prepaid managed care program that either provides less than comprehensive services on an at-risk basis or one that provides any benefit package on a nonrisk basis or one in which a specified set of health benefits is provided in exchange for a yearly fee or fixed periodic payments. See managed care.

Insurance program that lets members of specific groups receive payment for prescription drugs.