1. Condition that prevents an insured from working because of injury or illness and presumably will last for a lifetime. 2. In workers’ compensation cases, permanent disability with a rating of 100% permanent disability only.
Tag: USA
Persistency
MEDICAL,USA: 1. Percentage of insurance policies that remain in force. 2. Percentage of insurance policies that have not lapsed. 3. Retention of business occurring when an insurance policy remains in force because of continued payment of the policy’s premiums.
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A measure of the length of time for which a policy remains on the books before it is lapsed by the insured.
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US: A term used to refer to the length of time insurance remains continuously in force.
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UK: The renewal quality of insurance policies, particularly life policies. High persistency means that a high proportion of policies stay in force until the end of the policy term. Low persistency means a high percentage of lapses.
Persistency fee
Dollar amount paid above standard insurance commissions as long as a policy remains in force.
Person served
In the Medicare program, enrollee to whom Medicare pays benefits for covered medical services if there are expenses beyond the deductible amount.
Personal abuse
When another person intentionally causes another individual mental or physical harm or pain.
Personal article floater
Insurance policy or an addition to a policy that provides coverage for personal valuables (computer, furs, jewelry).
Personal bond
Insurance that provides coverage for those who handle large sums of money during business transactions.
Personal care
Nonskilled 1, personal services such as help with activities of daily living (bathing, dressing, eating, getting in and out of bed or chair, moving around, using the bathroom). It may also include care that most people do themselves such as inserting eye drops. The Medicare home health benefit does pay for some personal care services. In the Medicaid program, this is an optional benefit and varies state by state. Also see custodial care.
- offically though I dont agree-Stickfight[↩]
Personal care aides
See: home health aide.
Personal charges
Hospital fees of a nonmedical nature such as telephone and television.