Term
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Definition
| a measure of the likehood 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
| is and individual who relies on someone else for financial support, such as a child, a spouse, or an elderly parent. |
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Term
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Definition
| when you buy an insurance policy, you become this. |
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Term
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Definition
| when 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 service cost that patients pay. |
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Term
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Definition
| a person whose care requires a stay in the 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
| flat fee the patient must pay for services. |
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Term
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Definition
| tax-advantage savings account available to people enrolled in qualified high deductible health plans. |
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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
| an illness or an injury you had before signing up for health care insurance. |
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Term
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Definition
| 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 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 endowment period ends. |
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Term
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Definition
| an estiment of the current value of property. |
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Term
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Definition
| is 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
| the coverage that protects you when your are responsible for an auto accident that results in the injury or deaths or other parties. |
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Term
| property damage liability |
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Definition
| protects you when you are responsible for an autoaccident in which the propertyof others are damaged. |
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Term
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Definition
| eliminates the faultfinding process in settling claims. |
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