What is the difference between
an HMO and PPO health insurance plan?
A Health Maintenance Organization (HMO) is an organization
that delivers comprehensive health care to an enrolled
population at a predetermined price. Members pay a fixed
fee, generally on a monthly basis, which is reimbursed
directly to the HMO in exchange for health care services.
What is a PCP?
A Primary Care Physician (PCP) is a designated physician
who is responsible for managing the health care of an
What is a defined contribution retirement
A defined contribution pension plan is an individual
account plan. Annual contributions to a participant’s
account are based on the formula contained in the plan.
What is a defined benefit retirement plan?
Qualified plans meet requirements of the Internal Revenue
Code and receive special tax treatment under the Code;
non-qualified plans do not. In qualified plans... Read
What is the difference between a qualified and non-qualified