What Does Contributory Plan Mean?

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What does Contributory Plan mean? Read on to discover the definition & meaning of the term Contributory Plan - to help you better understand the language used in insurance policies.

Contributory Plan

Contributory Plan

Group insurance plan issued to an employer under which both the employer and employees contribute to the cost of the plan. Generally, 75% of the eligible employees must be insured.

We hope the you have a better understanding of the meaning of Contributory Plan.

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