Medical Insurance: What is Medical Insurance Administration? - Benefits

Benefits - In this book, the word Benefits has two meanings, the benefits your employer offers to you, and the services your insurance administrator will pay for you.

Benefits your employer offers to you may include paid vacation, sick leave, medical insurance, dental insurance, employee discounts.

Benefits that your insurance administrator will pay are either a bundle of services that the administrator sells as a package or certain services that your employer has agreed to purchase - kind of like picking from a menu.