HCPCS Level II modifier that may be used with CPT or HCPCS Level II codes indicating the second or subsequent drug of a multiple drug unit dose formulation.
Tag: RAW
KR
HCPCS Level II modifier that may be used with CPT or HCPCS Level II codes indicating a billing for partial month of a rental item.
KS
HCPCS Level II modifier that may be used with CPT or HCPCS Level II codes indicating glucose monitor supply for diabetic beneficiary not treated with insulin.
KSOP
Acronym that refers to Section 401(k) of the Internal Revenue Code, a stock ownership plan. See Section 401(k) plan switchback .
Kurtois
Actuarial term to indicate the degree of concentration about the central value of a distribution.
Kutcha” Construction for Fire Insurance
Building having walls and/or roofs of wooden planks/thatched leaves and/or grass/hay of any kind/bamboo/plastic cloth/asphalt cloth/canvas/tarpaulin and the like are to be treated as of “Kutcha” construction for the purpose of rating.
KX
HCPCS Level II modifier that may be used with CPT or HCPCS Level II codes indicating specific required documentation is on file at the DMERC supplier.
Kyle provision
Federal legislation in the Balanced Budget Act of 1997 that allows providers who choose to opt out of the Medicare program to enter into private agreements with Medicare recipients for services that would usually be covered by the Medicare program. The minimum time period that a provider may opt out is 2 years.
KZ
HCPCS Level II modifier that may be used with CPT or HCPCS Level II codes indicating new coverage not implemented by managed care plan.L
Label clause
Marine cargo clause limiting liability on a claim to payments for reconditioning of the cargo, the cost of new labels and re-labelling.
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This clause protects the insurer in case where the material inside is intact but the external wrappers or labels are defaced, damaged or stained. In such cases, insurer’s liability is restricted to the cost of replacement of the labels or wrappers and reconditioning the goods but a total loss cannot be claimed by the assured. This clause is more relevant when the assured is a manufacturer himself and in case of loss of or damage to labels on his manufactured items, can re-label them.