Portability


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Related to Portability: Number portability

Portability

The character of benefits that may be carried from a previous job to the next.

Portability

The ability to take one's benefits, particularly health insurance, from one job to another. Some U.S. states require health insurance companies to offer portability. It exists to protect people from the possibility that they will lose their health insurance and be unable to acquire a new policy because of a pre-existing condition that develops between acquiring the first policy and looking for a second.
References in periodicals archive ?
Portability simply allows a surviving spouse to make use of both his or her individual federal estate tax exemption and the exemption granted to a first-to-die spouse.
Number portability enables customers to retain their number when switching service provider.
Taiba Al Binali, Acting Director of Consumer Affairs and Media, stated that, During TRAs follow-up of the performance indicators regarding the number portability system, it was found that there are a significant amount of number portability requests which are rejected by the donor operator.
Among estate planning professionals, there is some controversy about portability.
34 million into a trust rather than relying on portability, for example, the appreciation on that amount can be shielded from estate tax.
Number portability is a signal policy, a marker that a regulator is serious about fostering competition in the market to the benefit of the ordinary consumer.
111-312, introduced the concept of the portability of the federal estate tax exclusion between married couples for the 2011 and 2012 tax years.
Portability allows a surviving spouse to add his or her "last" deceased spouse's unused exemption amount (DSUEA) to his or her basic exclusion amount (BEA).
The company added that it remains committed to competing in the procurement process and ultimately renewing its contract and welcomes the opportunity to compete in this procurement, building on its demonstrated track record of providing trusted, neutral and reliable portability services.
The launch of fixed number portability service besides the introduction of mobile number portability service in Bahrain demonstrates the development of the telecommunications market here and enhances the strategic plans towards empowering the consumer and minimising the barriers for the fair competition," he added.
The fact is, portability is not often in the product feature spotlight because it is not unique to any carrier in individual worksite products.
Number portability increases competition by enabling consumers to change operator without having to change their number, and seek better deals from operators.