Glossary
We've compiled a list of common health care and health insurance related terms to help you better understand words commonly used in our industry and on our web site.
Terms appear in alphabetical order. To use the glossary, please choose the first letter of the term you would like to view.
G
GENERIC DRUG
A chemically equivalent copy designed from a brand-name drug that has an expired patent.
GENERIC SUBSTITUTION
The dispensing of a drug that is the generic equivalent of a drug listed on a pharmacy benefit management plan's formulary.
GROUP
A collection of eligible employees who are employed by a single employer (i.e., corporation, partnership, sole proprietorship, professional corporation, etc.), or are members of a health and welfare fund (union organization) and who qualify as members under the contract in accordance with the enrollment regulations of the Plan.
GROUP ADMINISTRATOR
The individual representing the group and who often has the responsibility for assisting group members with benefit questions.
GROUP NUMBER
A numerical identification assigned to a group.
