beneficiary


Also found in: Dictionary, Thesaurus, Legal, Financial, Acronyms, Encyclopedia, Wikipedia.
Related to beneficiary: contingent beneficiary

beneficiary

[ben′əfish′ərē]
a person or group designated to receive certain profits, benefits, or advantages, as the recipient of a will or insurance policy.

beneficiary

Insurance
A person(s) other than the member of an insurance or pension plan who has been designated to receive benefits—e.g., proceeds of an accident insurance policy or pension plan in the event of an employee’s death.
 
Managed care
A person eligible for or receiving benefits under an insurance policy or plan, such as Medicare or Medicaid programs

beneficiary

Health insurance A person(s) other than the member of an insurance or pension plan who has been designated to receive benefits–eg proceeds of an accident insurance policy or pension plan in the event of an employee's death Managed care A person eligible for or receiving benefits under an insurance policy or plan, Medicare or Medicaid programs

be·ne·fi·ci·ar·y

(ben'ĕ-fish'ē-ar-ē)
A person with health care insurance coverage, usually through the Medicare program.
Synonym(s): insured, recipient.
[Med.L. beneficiarius, fr. beneficium, benefit]

be·ne·fi·ci·ar·y

(ben'ĕ-fish'ē-ar-ē)
A person with health care insurance coverage, usually through the Medicare program.
Synonym(s): insured, recipient.
[Med.L. beneficiarius, fr. beneficium, benefit]

beneficiary,

n 1. a person eligible for benefits under a dental plan.
n 2. a person who receives benefits under a dental benefit contract. See also covered person; insured; member; and subscriber.
References in periodicals archive ?
The NONC must specify the reason why the beneficiary does not meet SNF coverage guidelines; any financial liability that is shifted to the beneficiary and the effective date; specify what alternative services are covered; and procedures for the beneficiary to appeal the determination including expedited appeal rights.
The agency warns that, although it is theoretically possible for a beneficiary to go from provider to provider to use services beyond that $1,500 cap, this practice would not be in keeping with the intent of the ruling.
You need to consider carefully all your property, and who holds title to it or is a beneficiary of it.
Comparisons were made between clients in disability beneficiary status (SSI, SSDI, and both SSI/SSDI) and marital status, major disabling condition, and monthly family income on expected and observed frequencies.
beneficiary and to other trust beneficiaries, (2) the amount of the trust's distributions exceeded the amount of its income for the year of distribution, (3) the trust had undistributed income accumulated from prior years and (4) the trust previously paid U.
If the trust were a unitrust with a $1 million value and a 5 percent payout rate, the trustee would distribute $50,000 to the beneficiary as trust income, even if it required asset sales, thus allocating some of the capital gain as income.
Aged Medicare beneficiaries were slightly less expensive to the program than the disabled--$4,885 per capita for an aged beneficiary versus $5,431 per capita for a disabled beneficiary.
Stark and McDermott introduced the bill, HR 1455, in response to an April General Accounting Office report citing low participation sates in the federally mandated program for low-income seniors known as Qualified Medicare Beneficiary (QMBs) and Specified Low-Income Medicare Beneficiary (SLMBs).
This means that a physician could bill a beneficiary for all of his or her charge or some of the services the beneficiary received and bill Medicare for other services.
Among several issues on appeal was whether the trial court erred by holding that the owner was a third-party beneficiary of the subcontract.
Each beneficiary should evaluate his or her own situation and each plan's attributes before making a decision.
Finally, the Service was bothered that without a change to the existing rules, an income beneficiary could receive tax-free distributions of, essentially, a portion of the trust's capital gain, while the remainder beneficiary pays the tax thereon.