When you buy an annuity, the insurance company agrees to pay you a specified income over a determined period of time. Medicare A refers generally to inpatient coverage, whereas Medicare B generally refers to outpatient services. These organizations pool funds and thus reduce risks by diversifications. There are literally hundreds of different mutual funds with dozens of different goals and purposes.
Pension plans utilize a wide variety of methods of financing, operation, and administration.
This step is mandatory for claims to be reimbursed under some plans, for specified services. It gives a ranking of the company's standing on a percentile scale from 1 to 100, in relation to other companies that have been rated by the same rating agencies. These are often grouped under IRS Section 125 Flexible Spending Accounts. We are including a glossary not only for your convenience, but because of The Bailey Group is committed to helping you make informed decisions about your future.