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glossary

Glossary

Forms 1094-C & 1095-C

Forms 1094-C and 1095-C are used by Applicable Large Employers (ALEs)—those with 50 or more full-time or full-time equivalent employees—to report information about offers of health coverage under the Affordable Care Act (ACA).

related terms

Supplemental Liability Insurance

Extra coverage for liability when renting a car.

Coverage Types & Policy Features

Catch-Up Contribution

Additional retirement savings contributions allowed for individuals age 50 or older.

Health Savings & Reimbursement Accounts

Summary Plan Description (SPD)

A required document that explains the features and rules of an employee benefit plan.

Compliance & Regulatory Filings

80% Rule (insurance-to-value requirement)

Rule requiring homeowners to insure at least 80% of property value to receive full replacement.

Coverage Types & Policy Features

Liability Insurance / Personal Liability

Protection against legal claims for injury or damage caused to others.

Personal Insurance

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9855 West 78th St, Suite 100
Eden Prairie, MN 55344
(800) 923-4088

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