Federal legislation that protects employees age 40 and older and requires employers to offer employees 65 years or older the same employment and health insurance benefits as offered to younger employees. ADEA prohibits an individual from being fired based on age and prevents employers from forcing employees to retire at age 65. ADEA also prohibits employers from stopping contributions or accrual of benefits to pension plans after workers reach age 65.

System of establishing insurance rates for eligible or insured employees under a group life plan by their insurance year of birth, attained age, or actual year of birth.

Minimum or maximum ages in which an insurance company or managed care plan will not accept applications or renew policies.

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In accident, life, or automobile insurance, the age below which or above which an insurer refuses to insure an applicant.

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UK: The limits set by insurers as to the maximum and minimum ages at which cover will be offered, maintained or made subject to special conditions. Age limits are commonly applied to health/accident insurances including travel, certain life policies and motor insurance.

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Used in health insurance, these are set ages contained in a policy for the insuring of new applicants or for the renewal of the policy.

Age at which an individual has the legal capability of being responsible for his or her actions (e.g., enter into a contract or vote in a national election). In most states the age of majority is 21 years, but in some it is 18 because of enactment in 1972 of the 26th Amendment of the U.S. Constitution, which allowed 18-year-olds to vote in federal elections. Also known as legal majority or emancipated minor.

In a health care plan when there is a limitation of benefits when the patient reaches a certain age.

Measurement in actuarial underwriting that uses age and sex risk of medical costs of a population relative to another population.

In a managed care contract, a structure of capitation payments based on members’ ages and genders. ASRs are used to calculate premiums for the purpose of group billing. Also called table rates.

Under Social Security, an individual 65 years and older whose income and resources are within supplemental security income (SSI) limitations.

Individual age 65 or older who is enrolled in the supplemental medical insurance (SMI) program.