VEBA

Acronym for Voluntary Employees Beneficiary Association. See Section 501(c)(9) Voluntary Employees Beneficiary Association (VEBA) .

Vendor

Individual or entity that sells and provides hardware, software, and/or ongoing support services for providers to file claims electronically to private insurance carriers, Medicare fiscal intermediaries, and Medicaid fiscal agents.
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One who sells any kind of property. See Also: “Seller.”
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A general term used to refer to the seller of a property.
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A person who purchases property.
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A general term used to refer to the buyer of a property.

Vertical integration

Health care system that includes the entire range of medical services from outpatient to hospital and long-term care. Integrated delivery systems are an example of vertical integration. See integrated delivery systems (IDS) and horizontal integration .

Vested commissions

Renewal insurance commissions paid to insurance agents or their estates regardless of whether the agents stay with the issuing insurance company.
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Commissions paid to an agent regardless of whether they still work for the insurer, based on renewal business.
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Commissions on renewal business that are paid to the agent whether or not he or she still works for the insurance company with which the business is placed.