Language Perils
™
ISSN 1533-8444
1998 Archives —
Life / Employee Benefits / Pensions / Healthcare
Healthcare in Argentina
Spanish
The
Obra Social
entities in Argentina, along with HMOs, known as “empresas de medicina prepaga” or simply as “las prepagas” (literally “prepaid medical companies” or “the prepaid ones”), dominate the private-sector healthcare industry in that country. Both are broad categories, themselves subdivided.
Obra Social
providers in the private sector can have non-management or management workers as members. Traditionally, all workers, whether non-management or management, in each industry — such as insurance, banking, meat packing — had to be members of the
Obra Social Sindical
(Labor Union
Obra Social
) for their specific industry. Since 1997, workers have the option to switch to another industry’s
Obra Social
. Any worker who is willing to pay extra premium can also be a member of an
Obra Social para Ejecutivos
(Management
Obra Social
) or of a
Prepaga
to obtain supplemental coverage. The
Prepagas
, or HMOs, may be foundations, mutual societies, community hospitals, or corporations. Anyone in Argentina can join a
Prepaga
.
Obras Sociales
and
Prepagas
may have their own healthcare facilities or may contract with third parties to provide healthcare services to members.
Contributor:
Mauricio Kitaigorodzki,
Mercado Asegurador
magazine, Buenos Aires, Argentina
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Language_Perils/98life.htm#11b
Life Insurance in France
French
In France, “assurance décès” (“death insurance”) is generally understood to be term life insurance; “assurance vie” is generally reserved for whole life insurance. The market also uses “assurance temporaire” (“temporary insurance”) for term insurance and “assurance vie entière,” which is exactly the same as the English-language expression, for whole life insurance. In group insurance, called “assurances de groupe” or “assurances collectives,” the technical term for lives is “têtes” (heads); “policyholder” is “souscripteur,” which can also mean “underwriter.” “Death benefit” is “capital décès,” which sometimes can be paid in the form of an annuity (“rente”).
Contributor:
Ann Leeds, Hewitt Associates LLC, Lincolnshire, Illinois, USA
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Language_Perils/98life.htm#11d
Pension Funding in Germany
German
In Germany, pension professionals use the terms “direct insurance” (“Direktversicherung”) and “reinsurance” (“Rückversicherung”) to refer
not
to what insurance professionals generally understand to be “direct insurance” or “reinsurance,” but to refer to pension funding mechanisms. In both cases, pension liabilities are funded through life insurance. The difference between the two is that under “direct insurance,” employees are the beneficiaries of the life insurance; under “reinsurance,” the employer is the beneficiary of the life insurance.
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Language_Perils/98life.htm#09c
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