• The Case Rate is a fixed fee paid for medical services based on a client’s characteristics (such as a diagnosis). When an incidence rate is used, the health care provider covers all the services that the client requires over a given period of time. Also known as a package rate or flat fee per case.

  • Cash balance pension plans are a type of employee retirement plan that has two distinct features: (1) the employer contributes an amount equal to a percentage of the employee’s annual earnings to the plan, and (2) the plan promises a certain rate of return. for this contribution. Under the cash balance plan, the benefit is always expressed as the total account balance. Balance-of-cash pension plans differ from “traditional” defined benefit pension plans, which, in contrast, promise the employee a fixed dollar amount (either on a periodic or lump-sum basis), based on the employee’s length of service and earnings. in the years leading up to retirement. The focus of cash balance plans is on wealth accumulation and mobility. On the other hand, traditional defined benefit plans are designed to encourage career placement with a single employer. Significant litigation has arisen in recent years as employers shift from “traditional” defined benefit plans to cash balance plans. Older, long-term employees, who typically receive lower payouts under cash balance plans, have argued that such plans are unfairly discriminatory.

  • Cash before coverage refers to multinational insurance programs, a regulatory requirement in certain countries that insurers will not guarantee any coverage until all relevant premium payments have been received from the insured. China, Taiwan, and Nigeria are all cash-to-cover jurisdictions.

  • A cash flow program is any insurance rating scheme that allows an insured person to retain and benefit from loss reserves until they are paid out as claims, such as deferred premium plans, self-insurance and retrospective claims payments.

  • Cash flow underwriting evaluates risk based on the expectation that any incurred losses will be paid out slowly, ensuring that the insurer earns an investment return on reserves sufficient to cover any rate shortfall. Common in soft markets when interest rates are high and insurers compete for market share.