Base Annual Compensation
The initial rate of compensation you receive for work performed. It excludes benefits, bonuses, or other potential compensation.
Beneficiary
The recipient you choose who will receive benefits when you die while covered under certain benefits like savings plans, life insurance, and AD&D insurance.
Coinsurance
The percentage paid for a covered service, shared by you and the plan. Coinsurance can vary by plan and provider network. Review plans carefully to understand your responsibility.
Copay
A fixed dollar amount you pay the provider at the time of service; for example, a $30 copay for an office visit or a $10 copay for a generic prescription.
Consumer-Driven Health Plan (CDHP)
A medical plan that is usually characterized by higher deductibles and out-of-pocket maximums and lower monthly premiums.
Deductible
The amount you pay each calendar year before the plan begins paying for benefits. Not all covered services are subject to the deductible; for example, the deductible does not usually apply to preventative care services.
Health Savings Account (HSA)
A tax-advantaged savings account that is used with a consumer-driven health plan.
HIPAA
Health Insurance Portability and Accountability Act, which provides privacy standards to protect patients' medical information.
Imputed Income
The value of the amount of Company provided life insurance coverage above $50,000, and the Company's portion of the cost for domestic partner-related coverage under medical and dental.
Limited Purpose FSA
A health care flexible spending account that works in conjunction with a health savings account. It can only be used for eligible vision and dental expenses.
In-Network Care
Care provided by contracted doctors within the plan's network of providers. This enables participants to receive care at a reduced rate compared to care received by out-of-network providers.
Out-of-Network Care
Care provided by a doctor or facility outside of the plan's network. Your out-of-pocket costs may increase, and services may be subject to balance billing.
Out-of-Pocket Maximum
The maximum amount you pay per year before the plan begins paying for covered expenses at 100%. This limit helps protect you from unexpected catastrophic expenses.
Preventative Care
Routine health care, including annual physicals and screenings, to prevent disease, illness, and other health complications. In-network preventative care is typically covered 100%.
Urgent Care
Urgent care is not the same as emergency care. Visit urgent care for sudden illnesses or injuries that are not life-threatening. Urgent care centers are helpful when care is needed quickly to avoid developing more serious pain problems.
Embedded Deductible
An embedded deductible is a type of health insurance deductible that allows individual family members to meet their own deductible amounts, separate from a larger family deductible.
Embedded Out-of-Pocket Maximum
An embedded out-of-pocket maximum is a type of health insurance out-of-pocket maximum that allows individual family members to meet their own out-of-pocket maximum amounts, separate from a larger family out-of-pocket maximum.
Group Health Insurance
Group health insurance is a type of health coverage that provides medical benefits to a defined group of individuals, typically employees of a company or members of an organization, at a lower cost than individual plans.