Federal legislation enacted in 1962 titled Self-Employed Individuals Tax Retirement Act to allow self-employed persons to set aside money for retirement. Eligible individuals deposit money in a government-approved account that is managed by a financial institution such as an insurance company or a bank. Also called an H.R. 10 plan .
Tag: MEDICAL
Key components
Elements of documentation describing the amount of work performed that are used to determine code choice for many evaluation and management services (history, physical examination, and medical decision making). Two or three of these components must be verified (met or exceeded) by the documentation in the patient’s medical record depending on the level of service (CPT code) by the provider.
Key employee
In retirement plans, an employee who makes a large salary and meets any one of four conditions that relates to compensation and company ownership. These criteria are stated in legislation for qualified pension plans and 401(k) tax regulations. Also see Tax Reform Act of 1986 .
Key groups
See: anchor group .
Key-person insurance
Type of life insurance created to protect a company against the loss of income resulting from the disability or death of an employee who is in a vital business position for the firm’s success.
Keypad
A device, separate or part of the keyboard, that contains keys to control mathematical functions.
KF
HCPCS Level II modifier that may be used with CPT or HCPCS Level II codes indicating the item billed has been designated by the Federal Drug Agency (FDA) as a Class III device.
KH
HCPCS Level II modifier that may be used with CPT or HCPCS Level II codes indicating a durable medical equipment prosthestics, orthotics, and other supplies (DMEPOS) item—initial claim, purchase, or first month rental.
KI
HCPCS Level II modifier that may be used with CPT or HCPCS Level II codes indicating a durable medical equipment prosthestics, orthotics, and other supplies (DMEPOS) item indicating a durable medical equipment prosthestics second or third month rental.
Kickback
To offer, solicit, pay, or receive payment, bribe, or rebate for referral of Medicare or Medicaid patients, for referrals for services, for ordering diagnostic tests, or items paid for, in whole or in part, by Medicare or Medicaid. This is considered fraudulent behavior and illegal by anti-kickback statutes. See Stark I Regulations and Stark II Regulations .