rehabilitation: Process and goal of restoring disabled persons to maximum physical, mental, and vocational independence and productivity (commensurate with their limitations). Rehabilitation is achieved by identifying and developing residual capabilities, job modification, or retraining. A “rehabilitation provision” appears in some long-term disability policies; this provides for continuation of benefits or other financial assistance during the [...]
reduced paid-up insurance: A form of insurance available as a non-forfeiture option. It provides for continuation of the original insurance plan but for a reduced amount.
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redlining: Refusal by an insurance company to sell policies in a given geographic area — specifically, minority or poor areas. The practice of redlining is discriminatory and illegal.
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recurring claim provision: A provision in some health insurance policies that specifies a length of time during which the recurrence of a condition is considered to be a continuation of a previous period of disability or hospital confinement.
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recurrent disability: The recurrent disability insurance provision is designed to protect an employee who tries to return to work but becomes disabled again from the same or a related cause. If this happens within a certain period of time, the employee will be considered disabled from the original disability, and will not be subject to [...]
reasonable and customary charge: Amounts charged by health care providers that are consistent with charges from similar providers for identical or similar services in a given locale.
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ratings: Valuations of financial stability of a company, an individual, or an organization. Insurance ratings organizations include A.M. Best, Fitch, Moody’s, and Standard & Poor’s.
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rated policy: Sometimes called an “extra-risk” policy, an insurance policy issued at a higher-than-standard premium rate to cover the extra risk where, for example, an insured has impaired health or a hazardous occupation.
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RPVA: Repetitive premium variable annuities
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RICO: Racketeering Influenced and Corrupt Organization act, federal legislation from 1970, written to prosecute organized-crime syndicate members, but broadened by the courts to include big business. Some policyholders have sought to sue their health insurers under the RICO act.
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