Coverage

(redirected from coverage year)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.

Coverage

Coverage

1. The specific insured events for which an insurance company will pay a benefit. For example, a life insurance policy provides coverage in the event of death. Likewise, a health insurance policy provides money in the event of illness. Generally speaking, an insurance policy outlines what it covers and the benefits it provides under different circumstances.

2. A measure of a company's ability to pay its fixed liabilities. It is calculated by determining by subtracting its fixed payments from its operating income. High coverage indicates that the company can easily make its payments and indeed is able to set funds aside to do so in the event its income declines. Low coverage means that the company can make its payments but that it has less flexibility in doing so. A negative number indicates that the company cannot pay its fixed liabilities. The payments included in this calculation are lease payments, dividends on preferred stock, and debt service. It is also called fixed-charge coverage.
References in periodicals archive ?
When an exchange plan user gets an APTC subsidy, the IRS sends the subsidy money to the health coverage issuer while the coverage year is still under way, to help cut how much cash the user actually has to pay for coverage.
Since 2009, eligible workers can choose between the one-time benefit and pension benefit with monthly payments (MP) that are equal to Average Monthly Insurance Salary x Coverage Years x 1.
This suggests that beneficiaries' reliance on the future price is small in early periods of the year; however, as the remaining time in the coverage year decreases, they become more sensitive to a possible future price hike.
Although the positive mean annual returns following the year of coverage loss could suggest that firms suffering coverage losses were oversold and undervalued at the end of the lost coverage year, these calculations do not well control for the effects of firm size, risk, price-book, or momentum.
Sadly, I see the national daily newspapers are starting to reduce their dedicated racing staff and are cutting coverage year on year.
The bidding, which last year reached $480,000, garners press coverage year after year, according to Jarvis.
The insurance covers mandated and necessary expenses after charges exceed $10,000 during the coverage year.
The so-called doughnut hole is the gap in coverage that goes into effect during a coverage year when a patient's drug expenditures reach $2,250, and continues until the expenditures reach $5,100.
We want to make it as seamless and as perfect as we do the same coverage year after year,'' executive producer Terry Ewert said.
The ACA national office wants to track media coverage year round at camps across the country.
Issuers rated 'BB' and 'B' have improved leverage and coverage year over year.
The new version would let other individual health purchasers use the credit to pay for coverage while the coverage year was under way.