Term
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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 |
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Term
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Definition
| when someone buys am insurance policy |
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Term
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Definition
| a set payment to the insurance company on a regular basis. |
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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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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 services and preventive care to memebers at reduced cost. |
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Term
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Definition
| a flat flee that a ptient must pay for medical services. |
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Term
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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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Term
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Definition
| medical services that are not covered. |
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Term
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Definition
| an illness or an injury someone had before signing up for health care insurance. |
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Term
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Definition
| a person or organiztion 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 person diesbefore the edowment 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 respeonsible for auto accident that results in the injury or death of another. |
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Term
| Property damage liability |
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Definition
| protects 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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