Under the Medicare program, economic restrictions for outpatient rehabilitation services became effective after July 1, 2003. These affect physical therapy, occupational therapy, and speech-language pathology insurance claims submitted by physicians, nurse practitioners, clinical nurse specialists, physician’s assistants, physical therapists, occupational therapists, and speech-language pathologists.

Investment service that reviews an individual’s or family’s economic picture and then determines a course of action to obtain financial goals within a certain period of time. This can include budgeting, planned accumulation of income through various investments, risk analysis, minimizing taxes, and estate planning. Also called total-needs programming .

Document signed by patients stating liability in paying for medical services received. This protects the physician’s right to collect payment for professional services provided to patients.

Liability for payment of a patient’s medical bill to the provider of service.

In automobile insurance, a provision in the policy stating that the insured has the minimum amount of liability insurance coverage required by the state’s financial responsibility law. Each state has some form of financial responsibility law.
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The clause in an auto policy stating that, when the policy is certified as future proof of financial responsibility, the policy will comply with the financial responsibility laws to the extent required.

Individual who accepts liability for payment of the patient’s bill to the provider of service.

1. Lump sum dollar amount paid by an insurance company to a disabled insured who has disability insurance to pay off an obligation. 2. Payment of a lump-sum benefit to an insurance plan participant. Also known as buy-out settlement , commutation , or settlement .

In workers’ compensation when settling a temporary or permanent disability case, this is the final determination and monetary settlement of the referee or appeals board.

In workers’ compensation, this is usually a phrase used in connection with a “take nothing” decision against the applicant (injured worker).