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Definition
| Is a measure of the likelihood that something will be lost |
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Term
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Definition
| Is the process of measuring risk and finding ways to minimize or manange loss |
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Term
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Definition
| Is an individual who relies on someone else for financial support |
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Term
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Definition
| A person who bought an insurance policy |
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Term
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Definition
| paying a set amount of money to the insurance company on a regular basis |
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Term
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Definition
| is the amount you must pay before insurance begins to pay |
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Term
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Definition
| pay for covered medical services after treatment is provided |
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Term
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Definition
| is a percentage of the service cost that patients pay |
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Term
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Definition
| is a person whose are requires a stay in a hospital |
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Term
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Definition
| contract with specific doctors, hospitals, and other health care providers to deliver medical services and preventive care to members at reduced cost |
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Term
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Definition
| is a flat fee the paient must pay for medical services |
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Term
| Health savings account (HSA) |
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Definition
| is a tax-advantaged savings account available to people enrolled in qualified high deductible health plans (HDHP's) |
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Term
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Definition
| Refer to medical services that are not covered |
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Term
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Definition
| Is an illness or an injury you had before signing up for health care insurance. |
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Term
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Definition
| is a person or organization named by th epolicyholder to receive assets after the policyholder's death |
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Term
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Definition
| Provides protection only for a specific period of time. |
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Term
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Definition
| Provides basic lifetime protection on long as premiums are paid |
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Term
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Definition
| Pays the face calue of the plicy to beneficialries if the insured dies before the endowment period ends |
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Term
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Definition
| is an estimate fo the current value of property |
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Term
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Definition
| is a decrease in calue of property as a result of age or wear and tear. |
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Term
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Definition
| is a coverage that protects you when you are responsible for an auto accident that results in the injury or death of other partice. |
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Term
| Property damage liability |
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Definition
| protects you when you are responsible for an auto accident in which the property of others is damaged |
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Term
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Definition
| eliminates the faultfinding process in settling claims |
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