A section of the IRS regulations which allows a category of employees, such as teachers and educational staff, to contribute a portion of their salary (pretax) for the purchase of an annuity
AC
Basic Life
A plan that provides a benefit payable upon death of the insured from any cause and is offered to all employees within a company
ADD
Accidental Death or Dismemberment
A form of health and accident insurance that provides payment to an insured's beneficiary or to the insured in the event of death or specific bodily losses resulting from an accident
AF
Supplemental Life
A plan that provides voluntary coverage to supplement a basic plan
AP
Paid Up Life
Employee's contributions received by the employer to purchase insurance which continues in force until the death of the employee or until the case value of the insurance is returned to the employee
AR
Dependent Life
BC
Death and Dismemberment
BE
Supplemental Death and Dismemberment
BH
Weekly Indemnity
That form of short-term disability income that provides for the payment of a weekly benefit for disability due to an accident or illness
BK
Weekly Indemnity - New York Employees
CHU
403(C) Church Exempt Annuity Plans Covered by ERISA
CLF
Contributory Life
A term used to describe a life insurance plan under which the insured shares in the cost of the plan with the policyholder
CV
Employee Comprehensive
DCP
Dental Capitation
DEN
Dental
EMP
408(K) Employer Sponsored Qualified Defined Distribution Plans Funded with Individual IRA's
EPO
Exclusive Provider Organization
FAC
Facility
FSA
Flexible Spending
An amount specified by an employee to be allocated towards health, legal, dependent, or educational expenses in compliance with government regulations
GDC
457(B) Government Deferred Compensation
A plan for employees of a State or Municipality which allows them to contribute a portion of their salary (pretax) to be invested and paid out at the time of their retirement or severance
HE
Hearing
HLT
Health
HMO
Health Maintenance Organization
An organization that provides a wide range of comprehensive health care services for a specified group at a fixed periodic payment
IRA
Group Individual Retirement Account
A defined benefits retirement plan established by organizations for their employees
A section of the IRS regulations which allows an individual to purchase an annuity and defer taxation on the principal and interest until distribution
LL
Lifestyle Life (Individualized Basic Life)
LTC
Long-Term Care
A plan that provides a specified dollar benefit or more commonly a percent of expenses charged if a covered person suffers a loss of functional capacity due to an accidental injury or sickness
LTD
Long-Term Disability
A plan that provides a source of monthly income for covered employees who are unable to work because of total disability; benefits are payable for a period of 5 to 10 years, or more commonly to the employee's normal age of retirement
MM
Major Medical
MOD
Mail Order Drug
NGD
457(F) Non-Government Deferred Compensation
A plan for employees of an organization, such as a religious, non-profit, or fraternal group, which allows them to contribute a portion of their salary (pretax) to be invested and paid out at the time of their retirement or severance
NQ
Non-Qualified
Any plan under which the employer and employees are not entitled to favorable tax benefits
PDG
Prescription Drug
POS
Point of Service
PPO
Preferred Provider Organization
PRA
Practitioners
PSP
Profit-Sharing Plan
A plan established and maintained by an employer to provide for the participation in his profits by his employees or their beneficiaries
QDA
401(K) Qualified Cash or Deferred Arrangement
A section of the IRS regulations which allows an employee to contribute a portion of their salary (pretax) to be invested in a defined contribution plan; the taxation is deferred until the time of withdrawal
QDC
401(A) Qualified Defined Contribution
A section of the IRS regulations which allows an employee to contribute a portion of their salary (after-tax) to be invested in a defined contribution plan; the taxation on the earnings of these contributions will be deferred until the time of withdrawal
STD
Short-Term Disability
A plan that provides a source of income for covered employees who are unable to work because of disability; benefits are payable for a period of 13, 26, or 52 weeks
UL
Universal Life
A plan that offers life insurance at low-term rates with a death benefit that increases over time with the addition of growing cash values in an interest-earning cash accumulation account
UR
Utilization Review
A committee of professionals in the medical field who review cases involving extended duration of hospitalization and patterns of care in order to establish guidelines in terms of actual medical necessity; their review will also include the efficiency of institutional use, the appropriateness of admission, services ordered and provided, length of stay, and discharge practices