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
