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Glossary Home | Search Glossary | Submit New Term Health maintenance organization (hmo) act of 1973Federal legislation requiring employers with traditional health plans to also provide an HMO to its employees. The act also makes it mandatory for employers to contribute as much to the HMO as they did to their regular plan. The requirement that employers offer an HMO alternative was repealed in 1993. In 1988, the act was amended so that the employer gained greater flexibility in determining its HMO contributions. Find a Real Estate Agent to help you to buy or sell a home |
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