Cherry picking

1. Scheme to enroll in a managed care plan only those individuals who are healthy and excluding individuals who have existing health problems. 2. Situation in which a coder chooses the easier cases to code and leaves behind the more difficult ones. This situation also may occur with transcription, where one transcriptionist may skip a more difficult-to-understand dictator for the dictation of another physician who enunciates.

ChFC

A designation – Chartered Financial Consultant. A financial planning designation for the insurance industry awarded by the American College of Bryn Mawr. ChFCs must meet experience requirements and pass exams covering finance and investing. They must have at least three years of experience in the financial industry and have studied and passed an examination on the fundamentals of financial planning, including income tax, insurance, investment and estate planning.

Child

For Social Security purposes includes the worker’s biological child or any other child who can inherit intestate personal property under state law or who meets certain specific requirements under the Social Security Act: legally adopted child; equitably adopted child, stepchild, grandchild.

Child’s deferred insurance

Life policy under which, until the agreed ‘vesting age’ (e.g. 18), the premium is paid by the parent. At ‘vesting’ the child takes over the policy on a whole life or endowment basis in his own name at the insurer’s normal rates regardless of health. Alternatively the child may take the cash sum or defer the benefits. If the parent dies before the ‘vesting age’ premiums are suspended until the child takes over the policy.