Provisions in a health insurance policy that increase benefit levels to account for anticipated increases in the cost of covered services.
Tag: RAW
Inflation protection (Health Insurance)
A stipulation in a health insurance contract that augments the amount of the benefits in anticipation of the cost of medical services rising.
Inflation rate risk
The risk that significant increases in the inflation rate will have a disproportionate effect on insurers, e.g. the inflation factor built in to long-tail liability claims may outweigh the general economic level of inflation. Inflation is also of importance in health and medical insurance as the claims inflation may be higher than economic inflation.
Influenza vaccine
Preparation of killed microorganisms, living attenuated organisms, or living fully virulent organisms that is administered to produce or artificially increase immunity to influenza.
Informa Group
Created out of the 1995 merger between Lloyd’s of London Press Ltd and IBC Ltd. The previous publications, Lloyd’s List, Lloyd’s Shipping Index, Lloyd’s Casualty Week are now part of the Informa Group’s family of products and services. The website www.infformamaritime.com sets out comprehensive details. See LLOYD’S MARINE INTELLIGENCE UNIT.
Informal plan (Pensions)
A plan for retirement wherein no specific benefit amount has to be paid and no source of funding is specified. Legally, under this plan, the employer has no compulsory duties and the employee has no rights.
Informal review
In the Medicare program, this was formerly referred to as the first level of appeal process . See redetermination process .
Information
Data about the managed care plan or government program of which the patient is a member or beneficiary such as the program or plan’s name and address, insured’s name, insured’s identification number, and group number and name.
Information model
Conceptual example of the information needed to support a business function or process.
Informed consent
The patient must acknowledge that he or she understands what choices are available, what the risks associated with each option are, and the information relayed. Informed consent is required before performing most invasive procedures and before admitting a patient to a research study. A signed permission document is obtained from a patient to perform a specific test or procedure.