Term
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Definition
| the dollar amount you pay to a network (or HMO) physician, pharmacy, or emergency room at the time a service is rendered |
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Term
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Definition
| The dollar amount of claims filed when an insured individual has paid the deductible and reached the out-of-pocket maximum amount of co-insurance |
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Term
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Definition
| A limited amount of money that an individual must pay out of their own savings, before an insurance company will pay the remainder of an individuals health care expenses |
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Term
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Definition
| Amount you must pay in each year before benefits kick in |
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Term
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Definition
| the sharing of expenses by the policyholder and the insurance company |
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Term
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Definition
| Amount you must pay in each year before benefits kick in |
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Term
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Definition
| A limited amount of money that an individual must pay out of their own savings, before an insurance company will pay the remainder of an individuals health care expenses |
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Term
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Definition
| An insurance plan provided by the employer to pay employee benefits for job-related injuries, disability, or death. |
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Term
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Definition
| An employer may elect to use this type of insurance to cover injuries. The employer may investigate the claim BEFORE making payments. The employee is now allowed to sue in the courts if unhappy with the settlement. Only available in Texas, South Carolina, and New Jersey |
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Term
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Definition
| Employees are provided up to 12 weeks of UNPAID leave per year for specific medical reasons |
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Term
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Definition
| The employer agrees to cover all expenses that is incurred by an accident or occupational illness instead of getting insurance coverage |
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Term
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Definition
| A retirement plan offered by companies that allows employees to invest a portion of their salary in a retirement account. |
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Term
| IRA - Individual Retirement Arrangement |
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Definition
| A personal savings plan that offers you tax advantages to set aside money for your retirement or education expenses |
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Term
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Definition
| Making conditions of employment contingent on providing sexual favors. |
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