Definitions for "Contributory" Add To Word List
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The insured pay a portion of the premium for group insurance coverage.
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A portion of the premium paid by the employee is required.
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An employer benefit plan in which employees pay at least part of the premium.
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A group insurance plan issued to an employer under which both the employer and employee contribute to the cost of the plan. Seventy-five percent of the eligible employees must be insured. (See Noncontributory.)
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A general term used to describe a plan of employee coverage in which the employee pays at least part of the premium.
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Means coverage for which an eligible employee must enroll and make any necessary cost contribution.
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Means employees pay all or part of the cost of their group life insurance. The employer determines the amount of employee contribution.
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A general term used with group health insurance plans in which the employee pays a portion of the premium.
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A group insurance plan paid partly by employees and partly by the employer.
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