Insurance Terms
Understand deductibles, copays, PPOs, HMOs, and more.
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Retirement Terms
Learn the basics of the Florida Retirement System (FRS), retirement plans, and financial planning.
Explore →Flexible Spending Accounts
Explore FSA terms, eligible expenses, and account rules to make the most of your tax-advantaged benefits.
Explore →General Benefits Terms
Find definitions for common benefits terminology used throughout this site and during the enrollment process.
Explore →Insurance Terms
Understanding these common insurance terms will help you compare plans, estimate costs, and make informed healthcare decisions.
Coinsurance
Your share of the cost for covered services after you've met your deductible.
Copay
A fixed dollar amount you pay for certain medical services or prescriptions.
Deductible
The amount you pay for covered healthcare services before your insurance begins to share the cost.
Out-of-Pocket Maximum
The most you'll pay for covered healthcare expenses during a plan year.
Retirement Terms
Understanding these retirement terms will help you plan for the future, compare your options, and make informed retirement decisions.
Beneficiary
The person or organization designated to receive benefits in the event of your death.
DROP
The Deferred Retirement Option Program (DROP) allows eligible employees to accumulate retirement benefits while continuing to work for a limited time.
FRS Pension Plan
The traditional retirement plan that provides a lifetime monthly benefit based on your salary and years of service.
Vesting
The point at which you earn the right to receive retirement benefits after meeting the required years of service.
Flexible Spending Accounts
Understanding these FSA terms will help you maximize your tax savings, manage eligible expenses, and use your benefits with confidence.
Carryover
The amount of unused FSA funds that may be carried into the next plan year, if permitted by your plan.
Dependent Care FSA
A tax-advantaged account used to pay eligible childcare or dependent care expenses.
Eligible Expenses
Qualified healthcare or dependent care expenses that can be paid using funds from your Flexible Spending Account.
Reimbursement
The process of receiving payment from your FSA after submitting an eligible expense and required documentation.
General Benefits Terms
Understanding these common benefits terms will help you navigate your employee benefits and make informed decisions throughout the year.
Evidence of Insurability
Health information that an insurance company may require before approving certain types or amounts of insurance coverage.
Open Enrollment
The annual period when eligible employees can enroll in or make changes to their benefit elections.
Qualifying Life Event
A major life change—such as marriage, divorce, birth, or loss of other coverage—that may allow you to change your benefits outside Open Enrollment.