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Third-Party Obligations and Liabilities for Medicaid Payments

States must take all reasonable measures to determine any liable third-party, and many have established administrative personnel or units to assure that all of the resident's private medical resources have been accessed and exhausted before a Medicaid claim is paid.

Unfair and Deceptive Insurance Practices; Rebating

In the insurance business, rebating is a practice whereby something of value is given to sell the policy that is not provided for in the policy itself. An example of rebating is when the prospective insurance buyer receives a refund of all or part of the commission for the insurance sale. Rebates can be made in the form of cash, gifts, services, payment of premiums, employment, or almost any other thing of value.

Employment - Veterans - Service Credit for Federal Government Veterans' Benefits

Among the benefits veterans receive while working for the federal government are leave and retirement benefits. Veterans also receive certain preferences as a result of their status during reductions in force, and they may receive severance pay when separated from service.

Social Security - Administrative Appeals Procedure

The Social Security Administration (SSA) has established guidelines for the review of decisions unfavorable to applicants.

Nonqualified Annuities

A nonqualified annuity is purchased outside of an employer-provided retirement plan. After-tax dollars are used to fund a nonqualified annuity, so contributions are not deductible from gross income for income tax purposes. Taxes on interest or earnings in a nonqualified annuity are deferred until withdrawal. In a lump-sum distribution of a nonqualified annuity, the monies may be transferred into an IRA or similar vehicle to defer taxes additionally. Only a portion of a monthly annuity payment is taxed because each payment is partially principal that has been taxed and partially interest earned. The portion of the monthly payment that is excluded from taxes is determined by an exclusion ratio. The exclusion ratio is the total amount of premiums paid divided by the total expected payment amounts. If the expected return is based on a life expectancy or joint life expectancy, the Internal Revenue Service has tables and multipliers that are used to determine the total expected return. If the expected return is not based on a life expectancy, the total expected return is the sum of all amounts to be received.