Firewall protections Safeguards established to protect pricing information of pharmacy benefit management companies from their competitors or from drug manufacturers. Also, computer software protections against data access by unauthorized persons. Flexible benefit plan Benefit plan in which an employee may choose amongst a variety of benefits as part of his or her plan. The price that the market would pay for stock or options. Generic drug A prescription drug that has the same chemical ingredients as a brand-name product.
Generic drugs are typical less expensive than the branded products.
Guaranteed Investment Contract A negotiated contract issued by an insurance company which specifies how and when contributions are made, the applicable interest rate and length of time to maturity. Back to top of page H Headquarters country The country in which the employer's corporate offices are located. The federal agency, within the Department of Health and Human Services, that administers Medicare and oversees state administration of Medicaid. A kind of health insurance that typically centralizes insurance through one organization, by centralizing resources. The HMO is generally able to offer lower costing services to the end user.