By Christine Breaw on August 30, 2016

Health Benefits Simplified

Insurance terminology can be confusing for all of us – including our clients. To help you easily explain some of these terms, we’ve created a glossary of some of the most commonly used jargon and a description and/or image to explain what each term really means. Feel free to email these directly to clients and share them on your social media.

Click on each term below for a shareable definition.

Health Spending Account

Administrative Services Only (ASO) plan

Budgeted Deposit

Stop Loss Insurance

Coinsurance

Fully Insured Plan

Coordination of Benefits (COB)

Pre-Existing Condition

Sustainable Health Benefits

The Trillium Drug Program

Published by Christine Breaw August 30, 2016