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Target Date Fund (TDF)

A fund that automatically shifts to a more conservative investment mix as you approach retirement.

Tax Filing

The process of reporting payroll taxes to federal state and local governments.

Taxable Wage Base

The maximum amount of earnings on which certain taxes (like Social Security) are paid.

Telehealth Utilization

A metric measuring how often employees use virtual doctor visits versus in-person care.

Telepsychiatry

The delivery of psychiatric assessment and care via video conferencing.

Term

Definition

Termination Date

The last day of an employee’s employment which usually triggers benefit ends.

Therapeutic Class

A group of drugs used to treat the same medical condition or symptom.

Therapeutic Interchange

The substitution of a chemically different but therapeutically similar drug.

Third-Party Administrator

A company hired to process claims and manage the administrative side of a health plan.

Third-Party Administrator [TPA]

An independent entity hired by an organization to handle specific administrative functions or services. TPAs...

Total Drug Spend

The sum of all costs (employer + employee) for prescription drugs over a period.

Total Rewards

The combined value of an employee’s salary benefits and development perks.

Total Rewards Statement

A document showing the combined value of an employee's salary and all benefits.

Travel Assistance

Support services for employees traveling 100+ miles from home including medical referrals.