The Maximum Family Benefit ranges between 150% and 180% of the Primary Insurance Amount.
The Swiss found that running primary insurance requires different skills and expertise from reinsurance.
Munich Re's top management likes to talk about its strategy of three pillars reinsurance, primary insurance and asset-management.
In other words, your Primary Insurance Amount is viewed as non-existant until you apply for a retirement benefit.
Its closest competitor in reinsurance, Swiss Re, went into primary insurance through a number of acquisitions in the mid-1980s.
Then it plugs your AIME into a formula that figures out your full retirement benefit, called your Primary Insurance Amount (PIA).
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To help retirees who have spent most of their working lives in low-wage jobs, the report called for several changes in the calculations of the special minimum primary insurance amount.
Likewise, if the deceased spouse would have been older than Full Retirement age when the Survivor Benefit is applied for, there is an increase applied to the Primary Insurance Amount.
If the deceased spouse would have been younger than Full Retirement Age when the surviving spouse is filing for benefits, the First Factor is reduced from the Primary Insurance Amount.
This benefit is equal to 100% of the benefit that the decedent-spouse was receiving at his or her death, or the Primary Insurance Amount on his or her record, if he or she was not currently receiving benefits at death.
The way that the maximum benefit for a particular year is calculated is based upon the maximum wage base for the year, as well as the applicable COLAs that would apply after the PIA ( Primary Insurance Amount) has been calculated for that individual.
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The experiment backfired and Swiss Re sold its primary-insurance business to Allianz and to another Swiss insurer, Winterthur, in 1994.
Medicaid is the primary medical insurance for 55 million Americans.
According to Tim Berry, a director of Primary Direct Travel Insurance, travel agents have until now been able to earn commission worth up to half the premium on the insurance.
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Retainer-based direct primary care is exploding around the country providing an alternative for primary care physicians to the insurance bureaucracy laden model most practice in.
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The analysis of physician pay by the Medical Group Management Association indicates a greater shift to lower-cost primary care as employers, insurance companies and government health programs try to provide financial incentives to health professionals who work in outpatient care settings.
The primary care model has drawn insurance industry opposition in part because the health insurer middleman is cut out of the equation as doctors are no longer paid by the likes of Aetna (AET), Humana (HUM) or a UnitedHealth Group (UNH).
For example, to qualify for the 501(c)(15) tax exemption, a company's primary business is supposed to be insurance.
Congress faced strong pressure to boost the debt-ridden flood insurance program, which is the primary option for that type of coverage for U.S. homeowners and businesses.
To identify instances where current Medicare should have been the secondary, rather than primary, payer for Federal civilian employees with health insurance benefits.
The centers will be designed to help provide primary and preventive health care services to people without health insurance.
Employer-provided health insurance is a regressive subsidy that is the primary reason millions of people have been squeezed out of the health payment system.
In her article, Kliff appears to take issue with two primary points, starting with the fact that the health insurance companies are hardly on the verge of bankruptcy and are unlikely to find themselves there come the end of this week.
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The biggest scarcity will be in primary-care physicians, Hoven said, thanks to better insurance coverage for preventative care.
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The Trust would be the primary provider of prevention priorities for all Americans, irrespective of insurance status, and would connect back to the medical system through an electronic health record.
This was not the intent of the reform legislation and was, in fact, one of the primary reasons why the law seeks to mandate that all Americans have health insurance.
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For this reason, the primary concern has been focused on what the changes will mean for younger health insurance customers who purchase individual policies.
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The federal health reform bill included a little-noticed clause allowing for Direct Primary Care (DPC) models to be a part of the state health insurance exchanges.
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Among its many virtues, according to the survey, the state boasts a high percentage of residents with health insurance, high per-capita public health funding and ready availability of primary care physicians.
One of the primary concerns we have going forward regards a portion of the Affordable Care Act revolving around insurance companies.
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