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What is group health insurance?

Group health insurance is a type of health insurance coverage that is provided to a group of people, typically employees of a company or members of a professional association. It offers a range of benefits and is designed to provide comprehensive healthcare coverage to a large number of individuals at a lower cost compared to...

Group health insurance is a type of health insurance coverag...

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What is grandmothered health plan?

In the world of health insurance, there are various terms and concepts that can be confusing to understand. One such term is a “grandmothered health plan”. If you’ve come across this term and are wondering what it means, you’re in the right place. In this article, we will delve into the intricacies of grandmothered health...

In the world of health insurance, there are various terms an...

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What is Grandfathered?

Grandfathering is a concept that is widely used and applied in various areas of life, including law, business, finance, and technology. It refers to a process where existing individuals or entities are exempted from new rules, regulations, or requirements that are being implemented. This article will explore the origins of the term ‘grandfathered’ and its...

Grandfathering is a concept that is widely used and applied ...

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What is grandfathered health plan?

A grandfathered health plan is a term that you may have come across while navigating the complex world of healthcare. It refers to a specific type of health insurance plan that was in existence before the enactment of certain regulatory changes, such as the Affordable Care Act in the United States. Understanding the concept of...

A grandfathered health plan is a term that you may have come...

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What is generic drug?

Generic drugs are an important aspect of the pharmaceutical industry. They play a crucial role in providing affordable healthcare options to consumers. Understanding the concept of generic drugs is essential for both healthcare professionals and the general public. This article aims to shed light on the definition, differences, development process, safety, efficacy, economic impact, and...

Generic drugs are an important aspect of the pharmaceutical ...

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What is fully-insured health plan?

In today’s complex healthcare landscape, it is essential to have a solid understanding of different health insurance plans available to individuals and businesses. One such plan is a fully-insured health plan. This article aims to provide a comprehensive overview of what a fully-insured health plan entails, its benefits, drawbacks, and how it compares to other...

In today’s complex healthcare landscape, it is essenti...

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What is Full-time employee (FTE)?

A full-time employee, commonly referred to as FTE, is an individual who works for a company on a full-time basis. In this article, we will explore the concept of full-time employees, the difference between full-time, part-time, and contract employees, the benefits and responsibilities of being a full-time employee, how to calculate full-time equivalent employees, and...

A full-time employee, commonly referred to as FTE, is an ind...

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What is Flexible benefits plan?

A flexible benefits plan is a comprehensive employee benefits package that allows individuals to choose and customize specific benefits based on their personal needs and preferences. This article will explore the concept of flexible benefits plans, their importance, the components typically included, how to implement them, and provide case studies of successful plans. Understanding the...

A flexible benefits plan is a comprehensive employee benefit...

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What is fixed-indemnity health insurance?

Fixed-indemnity health insurance is a type of coverage that helps individuals pay for medical expenses by providing a predetermined amount of money for specific healthcare services. Unlike traditional health insurance plans, which typically require policyholders to meet deductibles and copayments, fixed-indemnity health insurance pays out a fixed amount of money for covered services. This type...

Fixed-indemnity health insurance is a type of coverage that ...

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What is filing threshold?

The filing threshold is a concept that determines whether an individual is required to file a federal tax return based on specific criteria. Understanding this threshold is crucial for taxpayers, as it determines their legal obligation and potential financial consequences. Let’s delve into the details of the filing threshold to gain a comprehensive understanding. Understanding...

The filing threshold is a concept that determines whether an...

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What is Fee?

In the world of finance and business, the concept of fee holds significant importance. Fees form an integral part of various transactions, services, and subscriptions that we encounter in our everyday lives. Understanding the nature of fees and their impact on consumers is crucial for anyone seeking to navigate the complex landscape of financial transactions....

In the world of finance and business, the concept of fee hol...

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What is fee-for-service?

Fee-for-service is a payment model commonly used in healthcare and other industries, where providers are compensated based on the specific services they provide to their clients. This article aims to provide a comprehensive understanding of the concept of fee-for-service, exploring its definition, history, process, examples, advantages and disadvantages, comparisons with other payment models, and its...

Fee-for-service is a payment model commonly used in healthca...

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What is Fee for service?

Fee for service is a payment model commonly used in various industries, including healthcare, where providers are paid a fee for each specific service they deliver to a client or patient. This article aims to provide a comprehensive understanding of fee for service, its mechanics, pros and cons, as well as its comparison with other...

Fee for service is a payment model commonly used in various ...

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What is Federally Qualified Health Center (FQHC)?

A Federally Qualified Health Center (FQHC) is a vital component of the healthcare system in the United States. It serves as a safety net for underserved populations, providing affordable and comprehensive healthcare services to individuals who may otherwise struggle to access medical care. FQHCs are nonprofit organizations that receive federal funding to deliver primary healthcare...

A Federally Qualified Health Center (FQHC) is a vital compon...

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What is federal poverty level (FPL)?

The federal poverty level (FPL) is an important concept in the United States that is used to determine eligibility for various government assistance programs. It serves as a guideline for determining the income threshold below which individuals or families are considered to be living in poverty. Understanding the concept of the FPL is crucial in...

The federal poverty level (FPL) is an important concept in t...

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What is Family and Medical Leave Act (FMLA)?

The Family and Medical Leave Act (FMLA) is a federal law passed in 1993 that provides eligible employees with job protection and unpaid leave for certain medical and family-related reasons. FMLA is designed to balance the needs of both employees and employers by allowing employees to take time off work without fear of losing their...

The Family and Medical Leave Act (FMLA) is a federal law pas...

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What is External review?

External review is a crucial process that helps organizations evaluate their performance, assess their adherence to standards and guidelines, and identify areas for improvement. It involves the participation of external reviewers who provide an unbiased and impartial assessment of an organization’s operations and practices. In this article, we will explore the concept of external review,...

External review is a crucial process that helps organization...

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What is Exemption Certificate Number (ECN)?

The concept of an Exemption Certificate Number (ECN) plays a vital role in various tax-related processes. Understanding the fundamentals of an ECN is necessary to comply with tax regulations and ensure smooth operations for businesses. In this article, we will explore the definition and purpose of ECN, discuss its importance, provide insights on obtaining an...

The concept of an Exemption Certificate Number (ECN) plays a...

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What is exclusion?

Exclusion refers to the process or act of leaving someone or something out, either intentionally or unintentionally, from a particular group, community, or society. It is a multi-faceted concept that can manifest in various domains such as social, economic, and political spheres. This article aims to delve deeper into the concept of exclusion, exploring its...

Exclusion refers to the process or act of leaving someone or...

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What is Excluded services?

Excluded services refer to specific services or benefits that are not covered or included in a particular offering or agreement. These exclusions can be found in various industries, such as healthcare, insurance, and the IT sector, and they play a vital role in shaping customer choices and business strategies. In this article, we will explore...

Excluded services refer to specific services or benefits tha...

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