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Copayment. A copayment or copay (called a gap in Australian English) is a fixed amount for a covered service, paid by a patient to the provider of service before receiving the service. It may be defined in an insurance policy and paid by an insured person each time a medical service is accessed. It is technically a form of coinsurance, but is ...
Under Australian law, a proprietary limited company (abbreviated as 'Pty Ltd') is a business structure that has at least one shareholder and up to 50, where the liability of shareholders is limited to the value of shares. Its counterparts include the public limited company (Ltd) and the Unlimited Proprietary company (Pty) with a share capital.
Superannuation in Australia, or " super ", is a savings system for workplace pensions in retirement. It involves money earned by an employee being placed into an investment fund to be made legally available to members upon retirement. Employers make compulsory payments to these funds at a proportion of their employee's wages.
The insurance benefit manager recognizes the drug as a TIER 3 brand for the patient and relays the patient co-pay to be $30.00. The co-pay card benefit manager recognizes the $30.00 and covers the $20.00 of co-pay, leaving $10 for the patient to pay out of pocket. Another patient without prescription insurance coverage follows the same process.
The name Australia (pronounced / əˈstreɪliə / in Australian English [ 6]) is derived from the Latin australis, meaning "southern", and specifically from the hypothetical Terra Australis postulated in pre-modern geography. The name was popularised by the explorer Matthew Flinders from 1804, and it has been in official use since 1817 ...
Although copay cards help patients access necessary prescriptions, insurance companies argue that by offering assistance, manufacturers are encouraging patients to use brand-name medications as ...
Pharmaceutical Benefits Scheme. The Pharmaceutical Benefits Scheme ( PBS) is a program of the Australian Government that subsidises prescription medication for Australian citizens and permanent residents, as well as international visitors covered by a reciprocal health care agreement. The PBS is separate to the Medicare Benefits Schedule, a ...
No liability. A no-liability company in Australia (suffix NL) is a company which, under the Corporations Act 2001 (Cth), must have as its stated objects that it is solely a mining company and that it is not entitled to calls on the unpaid issue price of shares. It is a company which is restricted to mining activities and is the only sort of ...