Parent company

MEDICAL,USA: Insurer in a group of insurance companies that has control over the other companies (subsidiaries). Generally, the parent company is the group policyholder.
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The oldest company out of a group of insurers.
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The senior company in a group or fleet of insurers.
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Where property-casualty (P&ampC) insurers constitute a group of companies, the &#8220flagship&#8221 or senior company. The use of multiple corporate entities allows additional flexibility in working with varying state regulations. For example, an insurance company group might consist of one or more admitted insurers and one or more nonadmitted insurers operating in various states. The entire group is often referred to by the parent company&#8217s name.
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US: Where property-casualty (P&C) insurers constitute a group of companies, the “flagship” or senior company. The use of multiple corporate entities allows additional flexibility in working with varying state regulations. For example, an insurance company group might consist of one or more admitted insurers and one or more nonadmitted insurers operating in various states. The entire group is often referred to by the parent company’s name.

Parentheses

1. In ICD-9-CM coding, symbols used to enclose nonessential modifiers because their presence or absence does not affect the code assigned and these data provide additional description. 2. In CPT coding, symbols used to enclose a note listed at the end of a code section.

Part B hospital insurance coverage

Generally Medicare Part B is for medical insurance. However, Part B hospital insurance coverage applies under the following circumstances: (1) when a beneficiary receives inpatient hospital services and these cannot be reimbursed under Part A because the benefits are exhausted either before or after admission and before the stay reaches outlier status; (2) the outlier days are not covered or the waiver of liability payment is not made; (3) a noncovered level of care is received; or (4) the patient is not entitled to Part A or elects not to use lifetime reserve days. See Medicare Part B.