Plain-English definitions of AI, accounting, and SaaS-finance terms.
A federal law requiring employers with 20+ employees to offer continuation of group health insurance coverage to employees who lose coverage due to qualifying events.
Federal law allowing employees to continue group health coverage after leaving employment by paying full premiums.
Insurance subsidiary created by a company to insure its own risks rather than purchasing coverage externally.
A forced reversal of a payment transaction initiated by a customer through their bank, placing the financial liability back on the merchant.
Percentage of costs the insured shares with the insurer after the deductible is met.
Fixed amount the insured pays for a covered health care service at the time of service.
Process of evaluating, pricing, and accepting or rejecting insurance risk based on applicant characteristics.
State-federal program providing temporary income replacement to workers who lose jobs through no fault of their own.
