Personal pension plans arranged by an employer for his employees. Employers may contribute. GPPs are not occupational schemes, simply individual personal pensions grouped for administrative convenience. They are defined contribution schemes with no maximum on the retirement benefits. The employee makes his own contracting out arrangements but this will not affect national insurance contributions.
Tag: RAW
Group policy
See: group contract .
Group policy owner
See: Group Policyholder .
Group policyholder
Individual or company in whose name a group insurance policy is written. Also called group policy owner .
Group practice
Three or more providers that share facilities, office personnel, expenses, equipment, financial and medical records, and income in a medical practice. A group practice may represent a partnership, but not necessarily, a single specialty, or a range of specialties (i.e., multispecialty group practice). Also called group medicine or medical group practice .
group practice model (GPM)
Type of health maintenance organization (HMO) in which the physicians in the plan share a central facility.
group practice prepayment plan (GPPP)
Managed care plan in which members pay a monthly premium and the plan offers medical services without additional fees. For some patients, Medicare Part B pays the GPPP directly for services given to beneficiaries.
group practice without walls (GPWW)
See: group without walls (GWW) .
Group property and liability insurance (Liability Insurance/Property Insurance)
A policy providing liability and property insurance in a fashion similar to a group life insurance policy.
Group provider number
A number assigned to a group of physicians submitting claims under the group name and reporting income under one name; used instead of the individual’s physician’s number (PIN) for the performing provider.