Compensation Glossary

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Health Maintenance Organization (HMO)

A prepaid medical group practice plan that provides a comprehensive predetermined medical care benefit package. The government, medical schools, hospitals, employers, labor unions, consumer groups, insurance companies, can sponsor the HMO and hospital-medical plans. HMOs are both insurers and providers of health care.

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Health Maintenance Act (HMA)

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Health Savings Account (HSA)

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