Employee Benefits
Retirement
Liability & Risk
Well-being
Acronym Soup
100

This benefit pays for the care of your teeth with regular checkups and fillings.

What is dental insurance?

100

Companies invest in this program to help employees save for retirement.

What is a 401k?

100

Protects against Internet imposters trying to get access to company information.

What is cyber-liability insurance?

100

Employee benefit that provides wellness benefits.

What is an employee wellness program?

100

EAP

What is an employee assistance program?

200

This coverage helps pays the bills if an employee is injured on the job and unable to work.

What is Paid Family Medical Leave?

Long Term Disability more than 90 days

200

Nonprofit organizations can offer this to employees to save for retirement.

What is a 403b?

200

This type of policy protects an employee when injured on the job.

What is workers' compensation?

200

This type of coverage does not require an employee to see a provider in person.

What is tele health?

200

HSA

What is a health savings account?

300

Employers provide this option so employees can continue on the same benefits plan after leaving an employer.

What is COBRA? Or Consolidated Omnibus Budget Reconciliation Act 

300

This is a requirement that small employers must offer retirement options in lieu of a 401k.

SERP or Small Employer Retirement Plan, as part of the Secure 2.0 Act

300

A customer slips and falls on your property. What type of insurance coverage do you need to protect the business?

What is general liability?

300

Wearable "smart" device on your finger that tracks physical activity.

What is an Oura Ring?

300

HRA

What is a health reimbursement account?

400

This policy provides money to the family in case an employee dies or loses a limb from an accident.

What is Accidental Death & Dismemberment? This is an add on to life insurance.

400

Executive benefit strategy to retain high-performing executive talent.

What is non-qualified deferred compensation?

400

Organizations with a board of directors need this insurance to protect board members from liability based on board decisions.

What is Directors & Officers insurance?

400

This program helps employees create a strategy so they have peace of mind when it comes to their money.

What is financial wellness?

400

HDHP

What is a high-deductible health plan?

500

This enables employees to take money out of their pay before taxes to save for future medical expenses if they are covered by a high-deductible health plan.

What is a health savings account?

500
Executive benefit program that banks use for top officers.

What is bank owned life insurance? (BOLI)

500

What kind of insurance professionals like doctors and lawyers need to protect their homes and assets from lawsuits.

What is personal liability?

500

This practice trains your attention and awareness to achieve mental clarity, calm & well-being.

What is Meditation?

500

ICHRA

What is Individual Coverage Health Reimbursement Arrangement?
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