- HEALTH CARE REIMBURSEMENT ACCOUNT
- An employee benefit that is allowed under tax law where an account is established that allows eligible employees to use pre-tax money to pay for unreimbursed eligible health care expenses. These expenses may include deductibles, copayments and other medical, dental, vision and hearing expenses that aren't covered by a health plan.
- HEALTH INSTITUTE ASSOCIATION OF AMERICA (HIAA)
- The Health Institute Association of America is an organization that conducts research in occupational ratings, management and legislative trends. Also see The Health Institute Association of America Home Page.
- HEALTH INSURANCE
- A form of insurance that pays benefits when an insured becomes ill or injured. The more common plans are as follows:
- Blue Cross,
- Blue Shield,
- Dental Insurance,
- Disability Income,
- Dread Disease Insurance,
- Group Health Insurance,
- Health Maintenance Organization (HMO),
- Point of Service Plan (POS),
- Preferred Provider Organization (PPO),
- Prescription Drug Insurance, and
- Vision Care Insurance.
- HEALTH MAINTENANCE ORGANIZATION (HMO)
- A type of managed care plan in which doctors, hospitals and other health care providers agree to provide a comprehensive range of medical services to participants at negotiated rates.
- HEAPED COMMISSIONS
- An insurance commission payment where first-year commissions are increased and renewal commissions are reduced or eliminated.
- A financial strategy designed to reduce investment risk and potential portfolio volatility using call and put options, short selling and future contracts.
- HIGH-YIELD CORPORATE BONDS
- A type of corporate bond that are either not rated or have been given a rating below investment grade by one of the Rating Agencies. These bonds are given a low rating as the result of the large amount of outstanding debt or financial problems. The return on these bonds is higher then investment grade bonds to reflect the higher risks.
A category of mutual fund investment objective where a large portion of the portfolio is invested in high-yield corporate bonds.
- See Health Maintenance Orgainzation.
- HOLD-HARMLESS CLAUSE
- A clause in a contract where one party assumes the liability from another party.
- HOLDING PERIOD RETURN
- This is an easy to compute (but often misleading) method to determine the return on an investment. Add together any capital gains (deducting capital losses) and any income less any expenses and divide by the original investment. The shortcoming of this method is that while a 60% return is fine for a short holding period, it is not very attractive for a 10 year holding period.
- HOME OFFICE
- The main office of an insurance company.
- HOME OFFICE SPECIMEN (HOS)
- A urine specimen that is taken as part of the underwriting process for a life or health insurance policy.
- HOMEOWNERS INSURANCE POLICY
- A policy that combines together into one policy, coverage against the destruction or damage to the insured's property from various risks and the coverage for personal liability exposure of the insured.
- See Home Office Specimen.
- A health care facility that provides short-term medical care and support services to the terminally ill.
- HR-10 RETIREMENT PLAN
- See Keogh plan.