Term
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Definition
| is a measure of the likelihood that something will be lost. |
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Term
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Definition
| is the process of measuring risk and finding ways to minimize or manage loss. |
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Term
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Definition
| is an individual who relies on someone eles 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 insurance policy, you become a. |
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Term
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Definition
| you pay a set amount of money called a. |
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Term
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Definition
| is the amount you must pay before insurance begins to pay. |
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Term
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Definition
| pay for covered medical service after treatment is provided. |
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Term
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Definition
| is a percentage of the service cost that patients pay |
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Term
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Definition
| is a person whose care requires a stay in a hospital. |
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Term
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Definition
| contract with specific doctors, hospitails, and other health care providers to deliver medical servies and preventive care to members at rduced cost. |
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Term
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Definition
| is a flat fee the patient must pay for medical services. |
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Term
| health savings account (HSA) |
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Definition
| is a tax-advantaged savings account available to people enrolled in qulified high deductible health plans (HDHPS). |
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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
| is a an illness or an injury you had before signing up for health care insurance. |
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Term
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Definition
| is 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 period ends. |
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Term
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Definition
| is an estimate 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
| is coverage that protects you when you are responsible for an auto accident that results in injury or death. |
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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 the property of others is damaged. |
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Term
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Definition
| eliminates the failtfinding process in setting claims. |
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