Health / Dentistry / Out-Of-Pocket: Copayments, deductibles or fees paid by participants for health services or prescriptions.
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Health / Dentistry / Out-Of-Pocket Maximum: The most a plan member will pay per year for covered health expenses before the plan pays 100% of covered health expenses for the rest of that year. MORE
Health / Dentistry / Annual Out-Of-Pocket Maximum: The most a plan member will pay per year for covered health expenses before the plan pays 100% of covered health expenses for the rest of that year. MORE
Business / Human Resources (HR) / Health Care Flexible Spending Account (FSA): A benefit plan designed to allow employees to set aside pre-tax dollars to pay for eligible medically related expenses, such as medical, vision or dental exams, copays and deductibles, as well as othe MORE
Health / Health Insurance / Stop-Loss: The dollar amount of claims filed for eligible expenses at which which point you've paid 100 percent of your out-of-pocket and the insurance begins to pay at 100%. Stop-loss is reached when an insured MORE
Business / Human Resources (HR) / Medical Savings Accounts (MSA): Savings accounts designated for out-of-pocket medical expenses. In an MSA, employers and individuals are allowed to contribute to a savings account on a pre-tax basis and carry over the unused funds a MORE
Business / Taxes / Hardship Withdrawal: A hardship withdrawal, also known as a hardship distribution, occurs when you take money out of your 401(k) or other qualified retirement savings plan to cover pressing financial needs. You must quali MORE