Annual percentage change to the Medicare Fee Schedule conversion factor. It is determined by the Congress or the default formula under Volume Performance Standards.

Fund in which unallocated employer contributions are made to a combination plan. Also called side fund.

Individual whose employment has been terminated and is no longer a member of the employer’s group insurance plan but is still able to continue his or her insurance benefits because of eligibility under the Consolidated Omnibus Reconciliation Act of 1985 (COBRA).

Group health plan that permits a member to change his or her insurance coverage (different benefits and rates) to an individual contract without a physical examination. This situation may occur at termination of employment. Also known as conversion privilege or conversion.

1. Right of an individual covered by a group insurance policy to convert to coverage under an individual insurance policy. This can occur when a person leaves the group, benefits are downgraded or terminated for a specific class, or when the group policy is terminated. 2. Right to change insurance coverage in specific situations from one type of policy to another (e.g., individual term insurance to individual whole life insurance). Also known as conversion.
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The right given to an insured person to change insurance without evidence of insurability.

Act of transferring group insurance coverage to an individual insurance policy.

Type of investment that permits the owner to change it into a specific number of shares of stock.

Type of term insurance in which the policyholder is allowed to change the term insurance policy to a whole life policy without giving evidence of insurability. The premium amount is based on the age of the insured at the time of the conversion.

Associations that maintain and update the International Classification of Diseases, Ninth Revision, Clinical Modification (ICD-9-CM). They are the American Hospital Association (AHA), American Health Information Management Association (AHIMA), Centers for Medicare and Medicaid Services (CMS), and National Center for Health Statistics (NCHS).