Medicaid program for beneficiaries who need help in paying for Medicare Part B premiums. The beneficiary must have Medicare Part A and limited income and resources and not be otherwise eligible for Medicaid. For those who qualify, the Medicaid program pays full Medicare Part B premiums only.
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qualifying individuals (2) (QI-2S)
Medicaid program for beneficiaries who need help in paying for Medicare Part B premiums. The beneficiary must have Medicare Part A and limited income and resources and not be otherwise eligible for Medicaid. For those who qualify, Medicaid pays a percentage of Medicare Part B premiums only.
Qualifying policy
A life insurance policy certified by the Inland Revenue as complying with the ‘Qualifying Policy Regulations’. Proceeds on maturity or death will be tax exempt.
Qualifying quota share (QQS) reinsurance
A quota share treaty that may be purchased by a managing agent with the permission of Lloyd’s so as to increase the underwriting capacity of its managed syndicate, subject to a specified limit and subject to the treaty complying with certain terms and conditions.
Qualifying service
Length of time an employee has to work for an employer before becoming eligible to join the employer’s pension scheme. Also refers to the service to be taken into account to entitle a member to a ‘short service benefit.
Qualifying terminal interest property (Estate)
A trust, the income of which is paid out to the spouse who survives.
Qualifying year
A year when somebody has paid national insurance every week. If necessary an individual can clear any arrears by a single payment. No payment is required in respect of weeks credited to persons in receipt of social security benefits.
Qualitative
Measuring the presence or absence of.
Qualitative analysis
Referring to a test that determines the presence of an agent within the body.
Quality
1. For health plans, the general standard or grade of how well a plan keeps its members healthy or treats them when they are sick. Good-quality health care means doing the right thing at the right time, in the right way, for the right person, and getting the best possible results. 2. As defined by the Institute of Medicine, the degree to which health services for individuals and populations increase the likelihood of desired outcomes and are consistent with current professional knowledge. 3. Highest degree to which a product or service meets needs and expectations.