See: formulary or drug formulary.
Tag: USA
Prefunding
System of financially supporting the cost of retirement coverage while employees are still working.
Pregnancy care
Federal legislation enacted in 1978 requiring employers with 15 or more employees who are engaged in interstate commerce and subject to Title VII of the Civil Rights Act of 1964 to give the same benefits for pregnancy, childbirth, and related medical conditions as benefits for other illnesses or injuries.
Pregnancy legislation
See: pregnancy care.
Preinjury capacity
In workers’ compensation cases, an employee’s capability to perform work before any work-related injury or illness.
Preliminary inquiry form
Application form used when the applicant might not be issued or will be issued with a high substandard rating that the premium will be unacceptable. Also called trial application.
Preliminary report
See: First Report of Injury.
premajor diagnostic category (PMDC or Pre-MDC)
Eight diagnosis-related groups (DRGs) to which cases are assigned that are based on procedure codes before classifying them to a major diagnostic category (MDC). The eight DRGs are one each for the heart, liver, bone marrow, simultaneous pancreas/kidney transplant, pancreas transplant, and lung transplant and two for tracheostomies.
Premature delivery
Infant, regardless of birth weight, born before 37 weeks of gestation.
Premium
MEDICAL,USA: Cost of insurance coverage paid by the insured person either monthly, quarterly, or annually, to Medicare, an insurance company, or a managed care plan that keeps the policy in force.
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Payment required for Insurance. The price of insurance protection for a specified risk for a specified period of time:
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UK: sum paid by the policy holder to the insurer as consideration for the assumption of risk by the insurer (originally the additional interest paid on a bottomry bond as consideration for the loan being written off in the event of the loss of the cargo or vessel on which the loan was secured).
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The amount charged by an insurer or reinsurer as the price of granting insurance or reinsurance cover, as stated before or after the subtraction of brokerage and other deductions.
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The amount of money an insurance company charges for insurance coverage.
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US: The amount of money an insurer charges to provide the coverage described in the policy or bond. See TIC 225.001(5).
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The amount of money the insured pays the insurer to purchase insurance.
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The amount of payment due for insurance coverage that lasts for a certain time period, usually a month or a year.
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US: The sum paid by a policyholder to keep an insurance policy in force.