G
gatekeeper
A term used to describe the primary care physician's role in a managed care plan; this role is to authorize all services delivered to the insured by other physicians or health care providers. Thus, whenever you wish to see a physician other than your primary care physician, you must first obtain his or her permission (via a referral).
generic (medications)
When a new drug is put on the market, the pharmaceutical company patents it under a brand name. The company has the exclusive right to sell the drug under this name, but once its patent expires, other companies can sell the same drug under its chemical, or generic, name. Generic drugs are typically cheaper than brand-name drugs, but the Food and Drug Administration requires generic drug manufacturers to show that a generic drug "delivers the same amount of active ingredient in the same time frame as the original product."
Group and 1099
Small businesses (and certain organizations, like non-profits) are generally eligible for group health insurance so long as they can show two or more full-time taxable employees (1099 employees are not considered full-time taxable employees). Husband and wife teams must both be on the payroll in order to qualify for a group insurance policy. If you are a sole employee, self-employed individual or a husband and wife team, it is usually best to purchase an individual or family medical policy. 1099 Employees, or contractors, are not elibile as employees for purposes of small business health insurance. If you would like to offer benefits, you may want to consider contributing a flat dollar amount to each person to go towards thier health insurance costs.
Group Medical
Small businesses (and certain organizations, like non-profits) are generally eligible for group health insurance so long as they can show two or more full-time taxable employees (1099 employees are not considered full-time taxable employees). Husband and wife teams must both be on the payroll in order to qualify for a group insurance policy. If you are a sole employee, self-employed individual or a husband and wife team, it is usually best to purchase an individual or family medical policy.
group term life
A life-insurance plan that provides employees with additional coverage at economical group rates.
guaranteed renewable policy
A health insurance policy that the insurer is required to renew -- as long as premiums are paid -- at least until the insured attains the age limit specified in the policy, or the policy is cancelled by the insured. The insurer may increase the premium rate for any class of guaranteed renewable policies.
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