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Word
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Definition
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Benefit Coordination
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Benefit Coordination: see benefit integration.
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Benefit Duration
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Benefit Duration: The length of time that medical or STD/LTD benefits will be paid to an
employee, as specified by the insurance contract or plan design. Federal requirements for
benefits duration are contained in the Age discrimination in Employment Act (ADEA).
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Benefit Integration
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Benefit Integration: 1) Reduction of a scheduled benefit by amounts paid or available to
an employee from other disability-related sources of income. For STD and LTD plans, other
sources could include workers' compensation, government disability plans, disability benefits
from pension plans, retirement benefits, and Social Security disability benefits both primary
and family, also known as benefit coordination or offsets. 2) Interdependent administrative
and benefit design provision of STD, LTD, WC, and other paid time off benefits to achieve
cost savings, optimal medical treatment, and return to work.
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Benefit Percentage
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Benefit Percentage: Percent of weekly (short-term disability) or monthly (long-term
disability) salary that will be replaced.
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Board Certification
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Board Certification: A status awarded by a professional association indicating that the
health care practitioner has met specific standards of knowledge and clinical skill within a
specified field. The board certification process usually involves passing a written and oral
examination administered by the professional certification committee.
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Broker
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Broker: An individual who represents an insured in the solicitation, negotiation or
procurement of insurance. An insurance broker does not represent insurance companies as
agent but places orders with insurance companies.
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