I am sure everyone has studied the ABCs of Medicare Insurance Part 1 so I am publishing Part 2 for your reading pleasure. Again, it may seem like a great deal of terms, but I can honestly say . . . . “If I had only known then, what I know now” . . . . the insurance industry would make much more sense.
Take a moment to peruse the list of acronyms that complete the alphabet. Let me know if I am missing any key words.
- ICA – Independent Career Agent
- ICEP – Initial Coverage Election Period
- IRA – Individual Retirement Account
- LTC – Long Term Care
- MA – Medicare Advantage
- MA-PD – Medicare Advantage Prescription Drug Plan
- MCO – Managed Care Organization
- MGA – Managing General Agent
- MSA – Medical Savings Account
- MSP – Medicare Second Payer
- NAHU-National Association of Health Underwriters
- NAIC – National Association of Insurance Commissioners
- NIPR – National Insurance Producer Registry
- OHI – Other Health Insurance
- OOA – Out of Area
- OON – Out of Network
- OOP – Out of Pocket
- OTC – Over the Counter
- P&C – property and casualty
- PCP – Primary Care Provider
- PDP – Prescription Drug Plan
- PFFS – Private Fee for Service
- PII – Personal Identifiable Information
- POA – Power of Attorney
- POS – Point of Service
- PPO – Preferred Provider Organization
- QMB – Qualified Medicare Beneficiary
- ROI – Return on Investment
- SEC – Security and Exchange Commission
- SGA – Super General Agency
- SLMB – Specified Low-Income Medicare Beneficiary
- SNF – Skilled Nursing Facility
- SOA – Scope of Appointment
- SOB – Schedule of Benefits
- SNP – Special Needs Plan
- SPDA – Single Premium Deferred Annuity
- SPIA – Single Premium Immediate Annuity
- SSDI – Social Security Disability Insurance
- SSN – Social Security Number
- STD – Short Term Disability
- TPA – Third Party Administrator
- TSA – Tax Sheltered Annuity
- TRICARE – Military healthcare program
- TTY – Teletypewriter
- UCR – Usual and Customary
- UHC – UnitedHealthcare
- VSP – Viatical Settlement Provider
- VUL – Variable Universal Life
- WC – Workmen’s Compensation
- WP – Waiver of Premium for Disability Benefit
- YTD – Year to Date
I wonder what terminology I should tackle next?
No comments yet.