See: immediate participation guarantee (IPG) contract .
Tag: MEDICAL
IRA
See: individual retirement account (IRA) . Also See: Section 408(k) of the Internal Revenue Code .
Irrevocable assignment
Permanent legal transfer of an individual’s interest in an insurance policy to another person.
Irrevocable beneficiary
See: beneficiary .
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Beneficiary designation allowing no change to be made in the beneficiary of an insurance policy without the consent of the named beneficiary.
ISN
Acronym for integrated service network. See accountable health plan (AHP) .
Issuing bank
Financial institution that sells and issues life insurance policies in its own name. It also issues its contracts, administers its records, and invests the assets of its insurance department.
Italicized code
Diagnostic code in ICD-9-CM, Volume 1, Tabular List that may never be sequenced as the principal diagnosis.
Itemized bill
See: itemized statement .
Itemized billing statement
Detailed invoice that lists charges, payments, adjustments, and total balance due. Also referred to as billing statement or summary of charges .
Itemized statement
Detailed summary of all transactions of a patient’s account (i.e., dates of service, description of services, number of services provided, noncovered services, amount charged, payments [copayments and deductibles], date the insurance claim was submitted, adjustments, and account balance). Itemized statements are generated by physicians and hospital facilities after services have been provided to patients. Also called itemized bill .