Insurance Jargon
The term used to describe the percentage of cost of service shared with insurer after meeting your deductible.
What is coinsurance?
EVPL dental plan 6 (Basic) covers this amount toward orthodontic treatment.
What is $1,000.
These lenses have $0 copay under the vision plan with an in-network provider.
Sick leave is accrued in these increments for full-time staff.
What is 8 hours per month?
You can contribute up to this amount into a Flexible Spending Account.
What is $3,300?
This is the total amount you will pay in a plan year on deductibles, copays, and coinsurance before the insurer pays 100% of services.
What is total out of pocket?
Dental plans 4 & 6 cover these services at 100%
The insurance allowance for new eyeglass frames or contacts.
What is $130?
This floating holiday can be used any day of the year.
What is a birthday holiday?
This type of Flex account allows up to $5,000 to use toward Daycare services.
What is Dependent Care Account?
The document you receive from insurance detailing claims and payments.
What is an Explanation of Benefits (EOB)?
EVPL dental plan 4(Enhanced) covers this amount toward orthodontic treatment.
What is $1,200?
When you are called to serve in a court of law, you will use this leave time.
What is Jury Duty?
Reimbursements for eligible can be received through these two methods.
What is direct deposit or check?
This is the type of insurance offered to employees on the plan after they leave employment.
What is COBRA?
True or False: You can purchase a second pair of glasses for up to 40% off of frames and up to 20% off lenses and other materials.
What is true?
This type of leave time must be scheduled 24 hours in advance.
What is vacation?
You can track your claims and submit new claims for Flex expenses via this method.
What is online portal?