Funding plan in which taxes are scheduled to produce as much income as required to pay current benefits, with trust fund assets built up only to the extent needed to prevent exhaustion of the fund by random fluctuations.

Payment that postpones the cost of coverage for a retired employee until after the person is actually retired.

Name of a Medicare reimbursement model.

Unpaid, but not necessarily overdue, financial account or bill.

MEDICAL,USA: 1. Individual to whom benefits are payable under a supplementary insurance contract. 2. Individual named on a draft or check as the receiver of the amount shown; also known as bearer.
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A person receiving money.
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The person receiving money.

In workers’ compensation cases, an identification number that is given to each medical provider that submits bills for services provided to the injured or ill worker.

1. Organization or entity that pays for the patient’s health care services and medical treatments (e.g., self-insured employer, managed care plan, federal government, commercial insurance company). Sometimes called payer, indirect payer, insurance company, or insurer. 2. Individual responsible for payment of the amount as shown on the face of a check.