A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related MoneyPedia terms
- COBRAA law that lets you keep your employer health plan for a limited time after leaving a job, usually at full cost.
- PremiumThe regular payment you make to keep an insurance policy active, usually billed monthly, quarterly, or yearly.
- HMOA health plan that keeps costs lower by requiring you to use a set network of providers and get referrals for specialists.
- PPOA health plan that lets you see any provider and skip referrals, with lower costs when you stay in network.
- Flexible Spending Account (FSA)An employer account that lets you set aside pre-tax money for medical or dependent care costs within a plan year.
- HSA-Eligible PlanA high-deductible health plan that lets you pair it with a tax-advantaged health savings account.
More in Insurance
Plain-English education — not personalized legal, tax, or investment advice.