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Definition
| a measure of the likelihood that something will be lost. |
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Term
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Definition
| the process of measuring risk and finding ways to minimize or manage loss |
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Definition
| an individual who relies on someone else for financial support, such as a child, a spouse, or an elderly parent. |
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Definition
| when you buy an insurance policy |
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Term
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Definition
| pay a set amount of money |
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Term
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Definition
| the amount you must pay before insurance begins to pay. |
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Term
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Definition
| is a percentage of the service cost that patients pay |
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Definition
| a person whose care requires a stay in a hospital |
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Definition
| comtract 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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Definition
| is a flat fee the patient must pay for medical services. |
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Term
| health savings account(HSA) |
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Definition
| is a tax-Advantage savings account available to people enrolled in qualified High Deductible health plans. |
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Definition
| refer to medical services that are not covered. |
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Term
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Definition
| an illness or an injury you had before signing up for health care insurance |
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Definition
| a person or organiztion named by the policy holder to recieve 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 so long as premiums are paid |
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Term
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Definition
| pays the face value of the policy to beneficiaries if the insured dies before the endowment period ends. |
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Term
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Definition
| an estimate of the current value of property. |
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Term
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Definition
| a decrease in the value of property as a result of age or wear and tear. |
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Term
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Definition
| coverage that protects you when you are responsible for auto accident that results in the injury or death of other parties. |
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Term
| property damage liability |
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Definition
| protects yopu when you are responsible for an auto accident accident in which the property of others is damaged. |
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Term
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Definition
| eliminates the faultrfinding process in settling claims. |
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