Group Medical Insurance - Introduction

Of all the employee benefits a company can offer, group health insurance is the greatest draw. Options include traditional indemnity and managed care. Managing health care expenses on a tax advantaged basis is an important consideration as well. The proliferation of such plans as health savings accounts and health reimbursement arrangements are examples.

This chapter discusses the basic features of the major plan types, relevant tax implications to the employee, COBRA/HIPAA provisions as well as tax-advantaged means of saving for various health care costs.

After reading this chapter, you should be able to discuss the:

  • basic features of traditional indemnity plans.
  • basic types of managed care plans.
  • relevant income tax implications of group health care plans.
  • mechanics of COBRA and HIPAA
  • various types of health savings accounts.
Types and Basic Provisions
Related Articles
  1. Trading Strategies

    Adjust Market Strategies To Elevated Risk

  2. Fundamental Analysis

    How to Create a Personal Risk Management Plan

  3. Investing Basics

    Want to Beat the Market? Take on Some Risk

  4. Trading Strategies

    Three Types Of Profit Protection Stops

  5. Professionals

    Worried About Stocks? Try on Convertibles

RELATED TERMS
  1. Net Line

    The amount of risk that an insurance company retains after subtracting ...
  2. Political Risk Insurance

    Coverage that provides financial protection to investors, financial ...
  3. Maximum Drawdown (MDD)

    The maximum loss from a peak to a trough of a portfolio, before ...
  4. Gross Exposure

    The absolute level of a fund's investments.
  5. Priori Loss Estimates

    A technique used by insurance companies to calculate loss reserves.
  6. Value Of Risk (VOR)

    The financial benefit that a risk-taking activity will bring ...

RELATED FAQS

  1. Does index trading increase market vulnerability?

    Learn how the rise in popularity of passive ETFs and mutual funds tracking indexes has increased the correlation among stocks, ...
  2. What are common delta hedging strategies?

    Learn about common delta hedging strategies, including how to make a position in options delta neutral by offsetting risk ...
  3. How does being overweight in a particular sector increase risk to a portfolio?

    Learn about the risks of having a portfolio that is overweight in a particular sector and how investors should regularly ...
  4. What are the primary risks an investor should consider when investing in the retail ...

    Learn about the primary risks of investing in the retail sector, such as bad economic conditions, regulation, competition ...

You May Also Like

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!