What is the 5 year guarantee coverage?
With the A-Life Protect 5-Year Term you’re eligible for term life insurance coverage for a fixed period of 5 years. If you would like to continue your policy after the coverage expires, you can choose to renew for another 5 years without further underwriting.
What is the principal purpose for juvenile insurance?
Its purpose is to protect the insurability of the child, provide protection for the parents against expense resulting from the death of the child prior to 21, and give the young man or woman a larger amount of insurance coverage at the age when the need for it will be greater by reason of increased (or soon to be …
What is the principal difference between CAWL and UL policies?
Whole life and universal life insurance are both types of permanent life insurance. Whole life insurance offers consistent premiums and guaranteed cash value accumulation, while a universal policy provides flexible premiums and death benefits. You can borrow against the cash value of a whole or universal policy.
What is the HHS OIG and what is its major concern?
HHS OIG is the largest inspector general’s office in the Federal Government, with approximately 1,600 dedicated to combating fraud, waste and abuse and to improving the efficiency of HHS programs.
What is considered to be the beginning of an insurance contract?
In general, an insurance contract must meet four conditions in order to be legally valid: it must be for a legal purpose; the parties must have a legal capacity to contract; there must be evidence of a meeting of minds between the insurer and the insured; and there must be a payment or consideration.
What is a OIG background check?
An OIG Search identifies individuals or entities that have been excluded from participation in Medicare, Medicaid or other federal healthcare programs. When/if an individual or an entity is restored back to the program and the exclusion is lifted, they will be removed from the list.
Who do aviation exclusions apply to?
A clause in many life insurance policies stating that the death benefit will not be paid if the policyholder dies in a non-regularly scheduled flight. That is, the death benefit may be paid if the policyholder dies in the crash of a commercial flight, but not if he/she dies in a private plane crash.
Is OIG federal or state?
In the United States, Office of Inspector General (OIG) is a generic term for the oversight division of a federal or state agency aimed at preventing inefficient or unlawful operations within their parent agency.
How does someone get on the OIG exclusion list?
Mandatory exclusions are enforced by law and require the OIG to exclude an individual or entity when they are convicted for committing felony crimes — Medicare or Medicaid fraud, or other felony offenses related to state or federal health care programs; felony convictions related to controlled substances; or …
What are examples of exclusion?
Exclusion is defined as the act of leaving someone out or the act of being left out. An example of exclusion is inviting everyone except one person to the party. Of taxes, an item that is not required to be included in gross income; of insurance, the occurrences that will not receive coverage under the policy.
What is DHS OIG investigation?
The Office of Investigations investigates allegations of criminal, civil, and administrative misconduct involving DHS employees, contractors, grantees, and programs. These investigations can result in criminal prosecutions, fines, civil monetary penalties, administrative sanctions, and personnel actions.
What is the exclusion statute?
The Exclusion Statue is a section of the Social Security Act (SSA) which spells out circumstances which certain individuals or entities can be banned from participating in Medicare and other federal healthcare programs. The statute is found in sections 1128 and 1156 of the SSA.
What are exclusions and conditions?
Definition: Exclusions are the cases for which the insurance company does not provide coverage. These are the conditions excluded from the insured event to avoid losses to the company. Generally, the insurance provider is liable to pay the claim amount in case of death of the insured.
What is the earliest culture life insurance can be traced back to?
Around 600 BC, the Greeks and Romans formed the first types of life and health insurance with their benevolent societies. These societies provided care for families of deceased citizens. Such societies continued for centuries in many different areas of the world and included funerary rituals.
What is prohibited by the Anti Kickback Statute?
The federal Anti-Kickback Statute (AKS) (See 42 U.S.C. § 1320a-7b.) is a criminal statute that prohibits the exchange (or offer to exchange), of anything of value, in an effort to induce (or reward) the referral of business reimbursable by federal health care programs.
How long does it take for OIG investigation?
What happens when you file an IG complaint?
The complaints resolution process begins when a complaint is received by the IG. If possible, the IG will acknowledge receipt of the complaint at that time. If the complaint was received via fax, e-mail, or mail, the IG is required to confirm receipt (in writing, by telephone, or in person) within 5 duty days.
What does it mean to be excluded from Medicaid?
The effect of an exclusion is that no payment will be made by Medicare or any State health care program for any items or services furnished, ordered or prescribed by an excluded individual or entity.
What is payor benefit rider?
Payor Benefit — a provision under which premiums are waived if the person paying the premiums becomes disabled or dies. This option is often used when the insured is the child or spouse of the policyholder.
What happens during an OIG investigation?
The OIG reviews the information and makes an initial determination of what action is required. If an allegation appears to be credible, the OIG will generally take one of three actions: (1) initiate an investigation; (2) initiate an audit or inspection; or (3) refer the allegation to management or another agency.
Can the OIG prosecute?
An OIG investigation can result in a criminal proceeding only if DOJ accepts it for criminal prosecution. This effectively grants immunity against criminal prosecution based on the employee’s statements concerning the matter(s) covered by the advisement, unless the statements are found to be untruthful.
What is mandatory exclusion?
Mandatory Exclusions The OIG is required by law to exclude from participation in all federal healthcare programs individuals and entities on a number of grounds. Mandatory exclusions can be imposed for the following six reasons: Conviction of program-related crimes. Felony conviction relating to healthcare fraud.
What is OIG exclusion screening?
OIG Exclusions. Exclusion screening is the process of verifying that a current or potential employee is not classified as an excluded individual who is prohibited from participation in any Federal healthcare program. OIG’s exclusion process is governed by regulations that implement sections of the Act.
What does it mean to be on the OIG exclusion list?
OIG has the authority to exclude individuals and entities from Federally funded health care programs for a variety of reasons, including a conviction for Medicare or Medicaid fraud. OIG maintains a list of all currently excluded individuals and entities called the List of Excluded Individuals/Entities (LEIE).
How often do you have to check the OIG exclusion list?
How often should exclusion checks be done? The OIG recommends that Exclusion checks are performed prior to employment and on at least a monthly basis after. Individuals/entities are added and removed from the Exclusion list on a daily basis.
Who does OIG report to?
The OIG investigates alleged violations of criminal and civil laws by DOJ employees and also audits and inspects DOJ programs. The Inspector General, who is appointed by the President subject to Senate confirmation, reports to the Attorney General and Congress.
Who is the head of the OIG?
Michael E. Horowitz
Who appoints HHS inspector?
Office of Inspector General, U.S. Department of Health and Human Services
|Inspector General of the United States Department of Health and Human Services|
|Reports to||Attorney General of the United States|
|Seat||330 Independence Avenue, SW Washington, D.C. 20201|
|Appointer||The President with Senate advice and consent|
What is an exclusion?
An exclusion is an instance of leaving something or someone out. If you love someone to the exclusion of all others, he or she is the only one for you! Exclusion is closely related to some words that have a positive or negative feel.
What is the Sam exclusion list?
SAM Exclusion List. The aim of the General Service Administration (GSA) is to prevent fraudulent handling of the healthcare system and other government entities by maintaining a database of parties excluded from Federal procurement.