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Definition
| A measure of the likelihood that something will be lost. |
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Term
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| Process of measuring risk and finding ways to minimize or manage loss. |
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Definition
| Individual relying on someone else for financial support, such as a child. |
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Definition
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Definition
| A set amount of money paid to the insurance company on a regular basis. |
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Definition
| Amount paid before insurance begins to pay. |
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Definition
| Pays for covered medical services after treatment is provided. |
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Definition
| Percentage of the service cost that patients pay. |
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Definition
| Person whose care requires stay in 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 patient must pay for medical services. |
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Term
| Health savings account (HSA) |
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Definition
| 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
| Illness or an injury one has had prior to signing up for health care insurance. |
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Term
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Definition
| Person or organization named by policyholder to receive assets after policyholder's death. |
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Term
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Definition
| Protection only for specific period of time. |
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Term
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Definition
| Basic lifetime protection so long as premiums are paid. |
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Term
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Definition
| Pays face value of policy to beneficiaries if insured dies before endowment period ends. |
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Term
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Definition
| Decrease in value of property as a result of age or wear and tear. |
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Term
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Definition
| Coverage protecting you when you are responsible for an auto accident resulting in injury of 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 property of others is damaged. |
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Term
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Definition
| Eliminates faultfinding process in settling claims. |
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