Skip links
C

Cafeteria Plan

A plan allowing employees to choose between taxable cash and certain qualified benefits.

Captive Insurance

A form of self-insurance where a company creates its own 'mini' insurance company to provide...

Care Management

Programs that coordinate care for employees with chronic conditions to improve outcomes.

Care Navigation

Assistance for employees in finding the best quality care at the lowest cost.

Caregiver Stipend

Financial support provided to employees to help cover the costs of caring for family members.

Carrier Feed

An automated data file sent from an HR system to an insurance company.

Carve Out

When an employer separates a specific benefit (usually Prescription Drugs or Mental Health) from the...

Carve-Out (Pharmacy)

When an employer separates the pharmacy benefit from the medical plan to use a specialized...

Case Management

A process where a health professional coordinates care for an individual with complex medical needs.

Catch-Up Contribution

Extra contributions allowed for employees age 50+ to boost their retirement savings.

Census File

A spreadsheet containing detailed employee demographics used for plan renewals.

Center of Excellence (COE)

A medical facility recognized for superior outcomes in a specific specialty.

CHIP Notice

An annual notice informing employees of potential state premium assistance for children.

Claim Transparency

The ability for employers to see the actual cost and data behind medical claims.

Claims Informatics

Deep data analysis of medical claims to identify trends gaps in care and savings opportunities.

Cliff Vesting

A schedule where an employee becomes 100% vested only after a specific period of time.

Clinical Efficacy

The power of a drug to produce a desired medical effect under ideal conditions.

COBRA

Federal law that lets you keep your group health insurance for a limited time after...

Coinsurance

Your share of the costs of a covered health care service calculated as a percent.

Comorbidity

The presence of two or more chronic conditions (e.g. depression and heart disease) in one...

Composite Rates

A flat insurance rate charged regardless of the employee's age.

Compound Drug

A custom-mixed medication created by a pharmacist for a specific patient's needs.

Compound Interest

Interest calculated on both the initial principal and the accumulated interest from prior periods.

Compressed Workweek

A schedule such as a 4/10 or 9/80 that allows employees to work full-time hours...

Constructive Receipt

The tax principle where income is taxable when it is made available to the employee.

Contingent Worker

A non-permanent worker such as a freelancer or independent contractor.

Coordination of Benefits (COB)

A process to determine which plan pays first when a person is covered by more...

Copay

A fixed amount you pay for a covered health care service at the time of...

Cost Center

A code used in payroll to track which department is paying for an employee's benefits.

Cost Transparency Tools

Apps or websites that allow employees to compare prices for medical procedures.

Counseling

Professional guidance for individuals to help resolve personal or psychological problems.

Creditable Coverage

Health coverage that is at least as good as the standard Medicare prescription drug plan.

Crisis Intervention

Immediate short-term support for individuals in a mental health emergency.

Critical Illness

A policy that pays a lump sum if you are diagnosed with a specific major...

Critical Illness Insurance

Provides a lump-sum cash payment if you are diagnosed with a major illness like a...