Insurance Vocabulary
A fixed-dollar amount that a plan member must pay for eligible services before the insurer begins applying insurance benefits.
What is a deductible?
This is the name of the THIG insurance carrier.
What is UMR?
This is the most efficient way to get general medical symptoms diagnosed.
What is Teladoc?
These drugs are the least expensive alternative on our plans.
What are generic drugs?
Continuation of group health coverage that otherwise might be terminated under what Federal legislation
What is COBRA?
A person or company that provides a healthcare service to you.
What is a healthcare provider?
These are two examples of free services through our THIG medical plan.
skin screening some immunizations behavioral/mental health screenings oral exam/cleaning
This policy will pay you directly if you are hospitalized.
What is Symetra's hospital indemnity policy?
This mobile app can save you up to 80% on your drug costs.
What is GoodRx?
Entitles eligible employees to take unpaid, job-protected leave for specified family and medical reasons.
What is the Family and Medical Leave Act (FMLA)?
Doctors, clinics, hospitals, and other providers who have made an agreement to care for the health plan’s members with agreed-upon rates.
What is in-network?
This is a primary reason to remain with a participating in-network doctor or facility.
What is to avoid balance-billing?
This policy will pay you directly if you have treatment due to an accident.
What is Allstate's accident insurance?
This drug program offers THIG employees free preventive medications.
What is the CanaRx Maintenance Medication Program?
This is the maximum age that a dependent can be to remain on your insurance.
What is 26?
The highest dollar amount you will need to pay during your benefit period for covered medical services from network providers.
What is the out-of-pocket maximum?
A tax-favored savings account that can be used to pay for qualified medical and pharmacy expenses.
What is a Health Savings Account (HSA)?
Name two reasons to go to the emergency room.
What is potential loss of life or limb or an eye injury?
International drug program that is free to THIG employees and offers most brand drugs for free!
What is CanaRx?
This allows for changes to your benefit elections outside of open enrollment.
What is a qualified life event?
Covered services intended to prevent disease or to identify disease while it is more easily treatable.
What is preventive care services?
This is the HSA investment threshold.
What is $2,000?
These policies will pay you a percentage of your wage if you are unable to work due to accident or illness.
What is disability insurance?
What is RxBenefits and CVS Caremark?
An account you put money into that you use to pay for eligible out-of-pocket health care costs. You don't pay taxes on this money.
What is a Health Savings Account (HSA)?