To inflict a burden or penalty on an individual.

Insurance claim submitted to an insurance carrier that did not pass the claim edits and a penalty was applied, thus reducing payment. Also see downcoding.

Insurance claim held in suspense due to review or other reason. These claims may be cleared for payment or denied. See delinquent claim.

Percentage rate at which eligible employees in a group select a system to provide their health coverage.

Funds payable monthly or annually to an individual who has retired.
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UK: A lifetime payment to a person during his retirement years having previously been an active member of a pension scheme and/or become entitled to a state pension.

Federal organization that was created by the Employee Retirement Income Security Act of 1974 (ERISA) to manage the Pension Plan Termination Insurance program. It insures benefits in qualified defined benefit pension plans (DBPP) and makes sure participants receive the benefits.

Retirement program created to provide an individual with a monthly income payment for the remainder of his or her life.

Fund that consists of money contributed by the employer and, in some cases, the employees to provide retirement benefits. Contributions are paid to a trustee who invests the money, collects the interest, and disburses the benefits under the terms of the trust agreement. Pension trusts can be either self-administered or partially insured with benefits purchased from an insurance company by the trustee. Also called trust fund plan.