What is the portability part of HIPAA?

Asked by: Brooks Hammes  |  Last update: February 11, 2022
Score: 4.9/5 (44 votes)

HIPAA's "portability" protection means that once a person obtains creditable health plan coverage, he or she can use evidence of that coverage to reduce or eliminate any preexisting medical condition exclusion period that might otherwise be imposed when moving to another health plan.

What does the portability mean?

Definition of portability

1 : the quality or state of being portable. 2 : the transferability of a worker's benefits from one pension fund to another when the worker changes jobs.

What does portability mean in healthcare?

17.4 Portability

This allows individuals to travel away from their home province or territory and yet retain their public health care insurance coverage.

What is portability clause?

Recently, more lenders have agreed to include a portability clause in loan agreements which allows the borrower to be sold without refinancing or repayment and the existing loan is transferred to the purchaser on the same terms and conditions as with the current borrower.

What is mortgage portability?

Porting your mortgage means taking your existing mortgage—along with its current rate and terms—from your current home to your new home. You can port your mortgage if you're purchasing a new property at the same time you're selling your existing one.

The HIPAA Privacy Rule

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What is debt portability?

Capital structure “portability” provisions, which allow a borrower's loans to remain outstanding despite a change of control event, may be coming to the middle market in 2021. ... Typically, in the event a borrower is acquired, it must pay back the debt in full or refinance it under new terms.

What are the 3 main purposes of HIPAA?

So, in summary, what is the purpose of HIPAA? To improve efficiency in the healthcare industry, to improve the portability of health insurance, to protect the privacy of patients and health plan members, and to ensure health information is kept secure and patients are notified of breaches of their health data.

Which laws govern the portability of health insurance?

The Health Insurance Portability and Accountability Act of 1996 (HIPAA) is a federal law that required the creation of national standards to protect sensitive patient health information from being disclosed without the patient's consent or knowledge.

What are the four main purposes of HIPAA?

The HIPAA legislation had four primary objectives:
  • Assure health insurance portability by eliminating job-lock due to pre-existing medical conditions.
  • Reduce healthcare fraud and abuse.
  • Enforce standards for health information.
  • Guarantee security and privacy of health information.

What is an example of portability?

1. A term used to describe an object that can be easily moved, such as a portable computer. For example, a laptop is a good example of a portable computer.

What is the purpose of the Health Insurance Portability and Accountability Act Hipaa quizlet?

What is the purpose of Health Insurance Portability and Accountability Act of 1996? To protect the privacy of individual health information (referred to in the law as "protected health information" or "PHI").

What are the 5 main purposes of HIPAA?

This addresses five main areas in regards to covered entities and business associates: Application of HIPAA security and privacy requirements; establishment of mandatory federal privacy and security breach reporting requirements; creation of new privacy requirements and accounting disclosure requirements and ...

What are the two main components of HIPAA?

Two main sections are Title I dealing with Portability and Title II that focuses on Administrative Simplification. This section is the establishment of a set of standards for receiving, transmitting and maintaining healthcare information and ensuring the privacy and security of individual identifiable information.

What are the five main parts of participation contracts?

the five parts of participation contracts are the introduction ,the contracts purpose/covered medical services physicians responsibilities, managed care plan obligations, and permitted diagnosis codes. a managed care contract may require referrals to be made only to others participating physicians.

What is change of control portability?

The Role of Portability

An acquisition of a target company may constitute a “change of control” under its financing agreements, which usually either triggers an event of default or gives the lenders a put right for the target company to repurchase this debt.

What is a portable cap structure?

Referred to alternatively as portability (because the capital structure can be carried from owner to owner) or "precap" (because the new owner buys the company already capitalized), the concept “boils down to carveout in the change of control provision,” Covenant Review warned in a report published last week.

What is a portable loan?

Home loan portability is a feature that allows you to keep the same home loan product, but change the supporting security (property). It can save you the time and costs of refinancing.

What are the two main concepts related to the Health Insurance Portability and Accountability Act HIPAA of 1996 quizlet?

Terms in this set (10) The Health Insurance Portability and Accountability Act of 1996 (HIPAA) had two primary purposes best described as: ensuring that workers could maintain uninterrupted health insurance as they lost or changed jobs and protecting the privacy of personal health information.

Which patient rights are included in the Health Insurance Portability and Accountability Act quizlet?

Terms in this set (8)
  • Health Insurance Portability and Accountability Act (HIPAA) ...
  • Protected health information. ...
  • Confidentiality. ...
  • Privacy. ...
  • Obtaining information. ...
  • Disclosing information. ...
  • Advocating for confidentiality. ...
  • Disclosure.

Which are the purposes of the Health Insurance Portability and Accountability Act of 1996 Select all that apply?

The Health Insurance Portability and Accountability Act, passed in 1996, protects health insurance benefits for workers who lose or change jobs, protects those with preexisting medical conditions, and provides for privacy of personal health information.

What is the difference between portability and compatibility?

Compatibility is concerned with the ability of two or more systems or components to perform their required functions while sharing the same environment (after IEEE 610). ... Portability is concerned with the ease of moving components or systems between environments (hardware and/or software environments).

How can I get portability?

Well-known strategies for achieving portability include use of standard languages, system interface standards, portable libraries and compilers, etc. These tools are important, but they are not a substitute for a consistent portability strategy during the development process.

How is portability measured?

A measurement of portability is the effort that is required to move the software component from one environment to another environment. One unit of portability measurement is the cost to adopt a software to the new environment compared to the cost of redevelopment of the software.

What is portability in non functional requirements?

DEFINITION: Portability is the ease with which a software system can be transferred from its current hardware or software environment to another environment. ELICITATION: Portability requirements address the user concern for how easy it is to transport the system.

What is the synonym of portability?

transferability, mobility, transportability, porting, transmissibility, interchangeability.