Program that covers screening and diagnostic services to determine physical or mental defects in recipients younger than 21 years of age and health care, treatment, and other measures to correct or ameliorate any defects and chronic conditions discovered. In New York, this is called the Child Health Assurance Program (CHAP) .
Tag: MEDICAL
Early retirement age
Age stated in a pension plan that is before the normal retirement age but allows the plan participant to receive pension benefit. However, benefits received early are reduced from the amount that would have been received at normal retirement age.
Earned premiums
Portion of a premium that pays for the protection that the insurance company has already provided on a policy; the expired part of the policy period.
Earnings
All wages from employment and net earnings from self-employment, whether or not taxable or covered.
Earnings record
Chronological history of the amount a worker earns each year during his or her working lifetime. For Social Security, credits earned remain on an individual’s Social Security record even when changing jobs or during a period with no earnings.
Earthquake coverage
See: catastrophe insurance policy .
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Typically excluded (along with other earth movement) from most property insurance policies, except ensuing fire. In most cases, earthquake coverage must be purchased by endorsement to a difference-in-conditions (DIC) policy or to an all risks policy. Normally, the coverage provided is subject to a per occurrence sublimit, an annual aggregate limit, and a separate deductible.