Tag: ME

Medigap Policy means:a type of health insurance policy designed to cover the areas that are not covered under Medicare. Examples of noncoverage areas targeted by Medigap policies are the deductibles under the Medicare insurance policy, coinsurance amounts specified in the Medicare insurance poli…

Medicare Hospital Insurance means:a type of federally administered insurance, also referred to as Medicare Part A. A monthly premium is not required in order to receive this coverage if the worker or his or her spouse is entitled to benefits under either the Social Security or Railroad Retiremen…

Medical Expense Deduction means:an allowable itemized deduction by an individual for unreimbursed payments for medical care, prescription drugs, and medical insurance premiums. The deduction is limited to the amount that exceeds 7.5% of the taxpayer's <a href="http://lawi.us/Adjusted-gross-incom…

Merger means:an A type reorganization, in which one corporation absorbs the corporate structure of another, resulting in liquidation of the acquired enterprise. If no boot is received, the reorganization is tax free.Term generally used to describe a number of operations involving the reorganizat…