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5 Cards in this Set
- Front
- Back
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Shared funding arrangement
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Allows employer to self fund expenses up to a certain limit
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Retrospective premium
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Insurers agree to collect provisional premium but may collect additional premium or make a premium refund @ the end of the year
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Minimum premium
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employer agrees to fund expected claims & the insurer funds excess claims
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Probationary period
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Time an employee has to wait before they are eligible for group coverage
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Eligibility period
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Time after the probationary period expires. If the group member does not apply during the eligibility period, thay are required to take a medical exam to get coverage
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