remittance advice (RA)

Document detailing services billed and describing payment determination (paid or denied) for one or more beneficiaries issued to providers of managed care or federal programs (Medicare or Medicaid) for a specific payment period; formerly known as Explanation of Medicare Benefits (EOMB) . Sometimes a payment check is attached to the form. Also known in some programs as an explanation of benefits, remittance notice, or standard paper remittance (SPR) .

Remuneration

Act of paying or compensating for medical services given to a patient.
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UK: Total payments from the employer for the year assessable as income under Schedule E but excluding anything arising from the acquisition/disposal of shares or interest in shares. In regard to Class A members any pay in excess of the earnings cap will be disregarded in assessing allowable contributions to approved pension schemes.

Renewable term insurance

Type of life insurance under which the insured has the right to continue the insurance for another term of the same length without submitting evidence of insurability. Premium rates increase at each renewal as the age of the insured increases.
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UK: Term insurance that carries an option to renew for a further specified period of years without evidence of good health.

Renewal

MEDICAL,USA: Automatic continuance of an insurance policy for a specific time period by payment of the premium for a new policy term.
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US: Continuance of coverage under a policy beyond its original term by the insurer’s acceptance of the premium for a new policy term.
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UK: The continuance of a policy beyond its initial period. Most policies, permanent contracts excepted, are renewable by mutual consent and allow 15 days’ grace period except in marine insurance. See RENEWAL NOTICE.
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UK: the continuation of cover beyond the original term of the policy (usually involving, in strictness, a new contract).
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The continuation of in-force status that is caused by the payment of a premium.
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The extension of the term of coverage of an expired policy, commonly by replacement with another policy effective on the date of expiration of the previous policy.
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The reinstatement in force and effect of something that is about to expire. With an Insurance Policy it is made either by the Insurance of a new Policy or renewal receipt or certificate under the same conditions, to take effect upon the expiration of the old Policy.

Renewal date

Month, day, and year when an insurance policy must be reestablished for another time period. Insurance rates may possibly be increased. An option is to obtain other coverage or decrease insurance benefits.