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Cafeteria Plan
A type of employee benefit plan that allows workers to choose from a variety of pre-tax benefit options to design a benefits package that best suits their needs.
High Deductible
Refers to a health insurance policy with a higher deductible amount, requiring the insured to pay more out-of-pocket costs before the insurance starts covering medical expenses.
Qualified Health Plan
A health insurance plan that meets the requirements set by the Affordable Care Act, including essential health benefits, consumer protections, and coverage for pre-existing conditions.
Medicare Advantage
A type of health insurance plan in the United States offered by private companies, providing Medicare benefits.
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