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Definition
| a measure of likeihood that something will be lost |
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Definition
| process of measuring risk and finding ways to minimize or manage loss |
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Definition
| an indivisual who relies on someone else for financial support |
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Definition
| When you buy an insurance policy |
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Definition
| You pay a set amount of money. |
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| the amount you must pay before inurance begins to pay. |
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Definition
| pay for covered medical services after treatment is provided. |
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Definition
| Is a percentage of the service costs that patients pay |
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| a person whose care requires a stay in hospital . |
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Definition
| contract with specific doctors, hospitals, and other health care providers to deliver medical services and preventive care to memebers at reduced cost. |
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Definition
| a flat free 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 |
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Definition
| refer to medical services that are not covered. |
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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 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 perid ends. |
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Term
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Definition
| is an estimate of the current value of property, |
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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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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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| Property damage liability |
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Definition
| protects you when yoou are responsible for an auto accident in which the property of others is damaged. |
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Definition
| eliminates the faultfinding process in settling claims |
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