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Definition
| Mesasure of likelihood that something is to be lost. |
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Term
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Definition
| process of measuring risk and finding ways to minimize 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
| someone who buys an insurance policy. |
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Term
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Definition
| a set amount of money you pay to your insurance company. |
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Term
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Definition
| 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 requiress 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 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. |
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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 injury that 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 recieve 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 face value of the policy to benificiaries if the insured dies before endowment 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 responsible for an auto accident that results in death or injury. |
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Term
| Property dameage liability |
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Definition
| protects you when you are responsible for an accident where others property is damaged. |
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Term
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Definition
| eliminates the fault finding process in settling claims. |
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