Process of ending a pension or employee-benefit plan for a group of participants but not for another group. Sometimes this is done so that sponsors can reclaim some of the assets of an overfunded plan.
Tag: MEDICAL
Partial procedure
Procedure that is a part of a larger surgical procedure and needs a separate code (e.g., partial cystectomy vs. complete cystectomy). See separate procedure to learn the difference between partial and separate procedure. See also complete procedure to learn the difference between partial versus complete.
Partial surrender
See: withdrawal provision.
Partially capitated
Stipulated dollar amount established for certain health care services while other services are reimbursed on a cost or fee-for-service basis.
Partially self-funded
See: self-insurance.
Participant
See: beneficiary.
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An individual who is eligible to receive benefits from a health, life, or pension plan.
Participating dentist
State-licensed dentist who has signed a contract with an insurance plan to give dental services to the plan’s members.
Participating hospitals
1. State-licensed hospital that has signed a contract with an insurance plan to provide hospital services to the plan’s members. 2. Inpatient facilities that participate in the Medicare program.
Participating insurance
Type of insurance provision in which the insured is entitled to receive policy dividends that reflect the difference between the premium charged and actual costs. Premiums are calculated to give some margin over the expected cost of the insurance protection. Also called participating policy.
Participating pharmacy
Pharmacy that has signed a contract with an insurance plan to give medical services to the plan’s members.