Related Words

Benefits: Benefits are paid to you by the state and include income support, child benefit, job seeker's allowance, disability benefit, housing benefit, and council tax benefit.

Electronic Benefits Transfer (EBT): Electronic benefits transfer, or EBT, is a system through which recipients of certain government benefits receive and spend funds electronically, using a plastic EBT card similar to a bank d . . . View Full Definition

Adoption Benefits: Compensation to workers through employer-sponsored programs. Some examples of such benefits are financial assistance or monetary reimbursement for the expenses of adopting a child, or provis . . . View Full Definition

Portable Benefits: Benefits or accumulated assets that you can take with you when you leave your employer or switch jobs are described as portable. For instance, if you contribute to a 401(k), 403(b), 457, or . . . View Full Definition

Workers Compensation Indemnity Benefits: Benefits that replace an employee's wages while the employee is unable to work because of a work-related injury or illness.

Explanation Of Benefits: The insurance company's written explanation to a claim, showing what they paid and what the client must pay. Sometimes accompanied by a benefits check.

Statutory Benefits: Benefits that are mandated by federal or state laws, such as Social Security, unemployment insurance and workers’ compensation.

Employee Benefits Consultant: A specialist in employee benefits and insurance who is hired by a group buyer to provide advice on a health plan purchase.

Out-Of-Area Benefits: Benefits the health plan provides to covered persons for covered services obtained outside of the network service area. The details of such benefits will vary from plan to plan.

State Mandated Benefits: When a state passes laws requiring that health insurance plans include specific benefits.