beneficiary

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beneficiary

1. Law a person entitled to receive funds or other property under a trust, will, or insurance policy
2. the holder of an ecclesiastical or other benefice
3. NZ a person who receives government assistance
References in periodicals archive ?
In order to ensure that the disbursements to the victims are objective, transparent and efficient, it was decided that the benefits would be paid to the eligible beneficiaries of BISP, identified on the basis of poverty survey and have also collected their Debit Cards.
2055(e)(2), no deduction is permitted for a trust specifying a split interest in property held for the benefit of charitable and noncharitable beneficiaries.
At least 10 percent of the trust contribution must ultimately pass to the charitable beneficiaries, calculated on the present value of the future transfer to charity.
The Lien Law incorporates a mechanism for trustees to alert beneficiaries to the distribution of trust assets in repayment of advances made by lenders.
Because nearly one-third of the nation's 40 million Medicare beneficiaries lack outpatient prescription-drug coverage, many seniors are struggling to pay for necessary drugs.
Like beneficiaries, most providers recognize the frustration in having an M+CO deny payment for services rendered.
Twenty-five percent of black beneficiaries and 21 percent of Hispanic beneficiaries qualified for Medicare due to a disability versus only about 11 percent of white beneficiaries.
Its three parts are: (1) Medicare Part A, which pays for hospital costs, (2) Medicare Part B, which covers outpatient costs, and (3) the new Medicare Part C (Medicare Plus Choice), which expands the types of health entities that beneficiaries can use to receive their care.
The conflicting goals by which income maintenance programs are governed contribute substantially to the problems SSI and SSDI beneficiaries experience.
It is an objective review of available data from 1994 and 1996, based on payment, utilization and population trends from a 5% sample of Medicare beneficiaries.
Health-maintenance organizations, once thought to be the hope for the future of Medicare, said Thursday they will drop tens of thousands of beneficiaries next year, partly because the Clinton administration has refused to let them raise premiums or cut prescription-drug coverage for the elderly.
Upon the surviving spouse's death, the assets of the trust pass to the trust beneficiaries free of estate tax.