Type of deferred annuity investment contract that gives the buyer the ability to vary the amount of each premium payment to the insurance company during the accumulation period.
Tag: MEDICAL
Flexible premium life insurance
See: indeterminate premium life insurance .
flexible spending account (FSA)
See: dependent-care spending account .
Floater policy
Insurance policy for movable property that covers it wherever loss may occur (e.g., tourist’s baggage).
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A Policy under the terms of which protection follows movable property covering it wherever it may be, e.g., a Policy on tourist’s baggage.
Floor time
Documented minutes and hours spent working on behalf of an inpatient while the provider is physically present on the patient’s floor or unit. It includes face-to-face time but is not limited to face-to-face time (e.g., at the bedside). It is a component of evaluation and management CPT codes. Also called unit time . Unit/floor time applies to hospital observation services, inpatient hospital care, initial and follow-up hospital consultations, and nursing facility visits.