Glossary

Generic Prescription Drugs

When the patent on a brand-name drug expires, other companies are allowed to make their own version of the drug. This is called a generic. It contains the same chemicals as the brand-name drug, but generic drugs usually cost less expensive. They are sold under the scientific name of the drug, not the advertised brand name.

Group Coverage

Plans supported by an employer or employee organization that provide health coverage to employees as well as former employees and their families in many cases. Professional and alumni associations, such as local Chambers of Commerce, may also offer group health plans.