1.0Glossaryhttps://www.healthbenefitstimes.com/glossaryGlossaryhttps://www.healthbenefitstimes.com/glossary/author/adminglossary/Contributory insurance - Definition of Contributory insurancerich600338<blockquote class="wp-embedded-content" data-secret="IBzPUQ78oo"><a href="https://www.healthbenefitstimes.com/glossary/contributory-insurance/">Contributory insurance</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.healthbenefitstimes.com/glossary/contributory-insurance/embed/#?secret=IBzPUQ78oo" width="600" height="338" title="“Contributory insurance” — Glossary" data-secret="IBzPUQ78oo" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script>
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Group insurance in which all or part of the premium is paid by the employee, the remainder, if any, being paid by the employer or union. In this context, noncontributory insurance is insurance in which the employer pays all the premium. S0 called because the risk, or employee, contributes to the cost of the insurance as well as the insured.