Operating costs such as claims administration expenses (CAE) and general office expenses (GOE) that are categorized by function.
Tag: MEDICAL
functional independence measure (FIM)
Scoring system that measures the degree of functional self-sufficiency in patients going through the rehabilitation process.
Functional limitation
Individual’s inability to perform specific movements due to some type of physical impairment.
Functional overlay
Emotional aspect of an organic disease. It is characterized by symptoms that continue long after clinical signs of the disease or disability have ended.
functional related group (FRG)
Prospective payment system (PPS) used by rehabilitation hospitals and units. FRG was developed by Margaret Stineman and colleagues at the University of Pennsylvania and SUNY-Buffalo. This system is based on a rehabilitation coding system known as the functional independence measure (FIM) .
Functional resumé
Data sheet that highlights qualifications and skills.
Functionally disabled
Individual who has a physical or mental impairment that limits his or her capability for independent and self-sufficient living.
Fund account
Accounting method that uses a formula for establishing insurance premium rates.
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UK: Shows how the pension scheme has dealt with members and income from investments and what investments have been bought and sold during the year. The account is compulsory.
Funded life insurance trust
Trust established to distribute life insurance proceeds. Because insurance companies cannot act as trustees or guardians, the policy proceeds are paid to a trust company and distributed under the terms of a trust agreement creating greater flexibility in distribution of the proceeds. The trustee has control over both the policy proceeds and also securities or other property to provide funds out of which to pay the premiums. This type of arrangement is a funded life insurance trust.
Funding agency
Entity that holds the assets of a retirement plan, which is often the insurance company.