Glossary

HAZMAT is an acronym for hazardous materials or the safety programs instituted to protect the public from exposure to hazardous materials.

A healing plateu, in workers compensation insurance, is the point of maximum recovery from a work injury or illness after which the employee will no longer improve with further treatment.

Healthcare purchasers liability insurance is a type of insurance that protects corporate purchasers of managed healthcare coverage against liability claims made by their employees.

A healthcare reimbursement plan is a noninsurance program that allows employees to be reimbursed for uninsured healthcare costs (and in some cases dependent care costs) with tax-free dollars.

The Health Insurance Portability and Accountability Act of 1996 is a federal law that affords rights and protections for participants and beneficiaries in group health plans.

A health maintenance organization is an organization that offers, provides, or arranges for coverage of designated health services needed by plan members under a prepaid per capita or prepaid aggregate fixed-sum basis.

Hearing aid replacement insurance refers to an insurance program that covers the cost of repairing or replacing accidentally lost or damaged hearing instruments.

Hearing care insurance may pay a specified amount toward the purchase of hearing aids (e.g., $1,000) in addition to coverage for an audiologist's exam.

A hedge is a noncorrelating investment designed to minimize known, quantified risk.

A hedge fund is an investment fund that is similar to a mutual fund in some ways.