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Definition
| 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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Term
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Definition
| an dividual who relies on someone esle for finanical support(such as a child, spouse, and elderly parent) |
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Term
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Definition
| when you buy an insurance policy you become the policyholder |
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Term
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Definition
| you 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
| pay for covered medical services after treatment is provided |
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Term
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Definition
| a percentage of the services cost that patient pay |
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Definition
| a person whose care 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 servies and preventive care to memebers at reduced cost |
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Term
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Definition
| a flat fee the patient must pay for medical services |
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Term
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Definition
| tax-advantage savings account availble to people enrolled in quailfied high deductible health plans |
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Term
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Definition
| medical services that are not coverded |
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Term
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Definition
| illness or an injury you had before signing up for health care insurance |
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Term
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Definition
| a person or oragniations named by the policyholder to receive assets after the policyholders death |
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Term
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Definition
| provides protection only for a specific period pf time |
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Term
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Definition
| provides basic lifetime protecton so long as premiums are paid |
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Term
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Definition
| pays the face value of the policy to beneficialries if the insured dies before the endowment periods 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
| decrease in value of property as a result of ages or wear and tear |
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Term
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Definition
| coverage that protects you when you are responsible for an auto accidents that results injury or death of other parties |
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Term
| property damaged liability |
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Definition
| protects you when you are responsible for auto accidents in which the property of otthers is damaged |
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Term
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Definition
| eliminates the faultfindings process in setting claims |
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