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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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Term
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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 a insurance policy |
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Term
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Definition
| A set of money to the insurance company on a regular basis |
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Definition
| The amount you must pay before insurance begins to pay |
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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 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
| Contact with specific doctors, hospitals, and other health care providers to deliver medical services and prevention care to members 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
| health savings account(HSA) |
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Definition
| A tax-advantaged savings account available to people enrolled in qualified High Deductible Health Plans(HDHPs) |
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Definition
| Medical services that are not covered |
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Term
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Definition
| An illness or and injury you had before signing up for health care insurance |
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Term
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Definition
| A person or organization named by the policyholder 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 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 begins |
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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 an 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 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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