See: actuarial valuation.
Tag: MEDICAL
Plan year
Benefit year that the managed care or health insurance plan is in effect.
Planning approval
See: certificate of need (CON).
Play or pay
Health care financing approach requiring employers to provide private insurance coverage for their workers or pay a tax that would go into a public regional fund to cover the uninsured.
PLI
Acronym that translates as professional liability insurance. See malpractice insurance.
Plus sign (+)
In the CPT code book, symbol that precedes a code number indicating the code may be reported in addition to the parent or primary procedure code number. Add-on codes are never reported for stand-alone services but are reported secondarily in addition to the primary procedure. Also see add-on code.
PMI
See: mortgage insurance.
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UK: private medical insurance.
PMPM
Abbreviation for per member per month. See member months.
PMPY
Abbreviation for per member per year. See member months.
Pneumococcal vaccine
Preparation of killed microorganisms, living attenuated organisms, or living fully virulent organisms that is administered to produce or artificially increase immunity to pneumonia.