Type of audit of hospital patient records that occurs when the insurance company requests a review of the patient’s records to verify charges. The insurance auditor may or may not meet with a hospital auditor, depending on the circumstances. Also see audit by request and random internal audit .

Electronic database used to verify beneficiary eligibility for those individuals in the TRICARE programs.

Physician’s policies and procedures such as complete documentation, overuse of tests, increased hospital admissions, or extended hospital stays that are done on each patient to guard against the risk of malpractice lawsuits or to provide a defense in case such a lawsuit occurs.

Month, day, and year after the first anniversary of a group insurance policy to which the insurance company puts off the payment of the policy’s first renewal premium. This might be done so that the full year’s experience assists the insurance company in calculating a new premium rate.

1. Stipulation in an annuity contract that provides for income payments to begin at some future date such as a specific number of years or at a specified age. 2. Annuity contract in which premiums are accumulated at interest but the annuity payment period is postponed (deferred) for one or more periods.
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UK: Whereby the annuity payments are deferred for a period of time, often to coincide with retirement. Compare with immediate annuities where the annuity payments commence immediately.

Needed health care (medical or dental) that is delayed because the patient does not have insurance or is not able to pay for services.

Rescheduling of an employee’s compensation to some future age or date. The employee agrees to receive payment at a later date for work performed before that date, for the purpose of retirement only or to provide a death benefit to the beneficiary of a pension plan.

Type of company that provides administrative and other services through a variety of situations such as retirement planning administration, third-party administration, self-insured plans, compensation planning, salary survey administration, and workers’ compensation claims administration.

Type of plan created by an employer that gives benefits to employees at a later date or after their retirement. The money is not taxed until the later date, usually at retirement, when income is reduced and the deferred funds can then be taxed at a lower rate.

Type of group annuity contract that provides for the purchase each year of a paid-up deferred annuity for each member of the group, the total amount received by the member at retirement being the sum of these deferred annuities.