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| Uncertain,unpredictable factors that can lead to losses or damages. |
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| an arrangement in which an insured pays money to an insurer to gain protection against risks and compensation for losses. |
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| a written contract stating the arrangement between insured and insurer. |
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| a consumer who has purchased an insurance policy. |
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| potential risks and losses against which an insured is protected by a policy. |
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| a fee paid to an insurance company on a regular basis for coverage. |
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| an initial amount paid by insured for a loss before insurance compensations begin. |
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Definition
| provides compensation for losses due to injury, illness, or disability. |
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| pays a large part of hospital and medical care, may also pay part of some other expenses. |
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| pays for long-term illness expenses after basic medical benefits limits have been reached. (cancer) |
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| health management organization---a health care group that provides health care services to members for a set fee and a small co-pay. |
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Term
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Definition
| health savings account---you contribute pre-tax dollars to the account for expected medical expenses for the coming year-often set up through your employer-submit claims and receipts for reimbursement up to amount deposited. |
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Definition
| Preferred providers organization---an agreement between health providers with employers or insurers to provide services at a reduced rate to employees. |
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Definition
| Point of service---members use a primary physician who refers them as needed to participating specialists or members can see non-participating health providers. |
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Definition
| a plan in which an insured can select his/her own doctors and hospitals, pay costs at time of visit, and file form with insurance company for reimbursement of covered expenses. |
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Term
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| Childrens Health Insurance Program - health insurance for children under 18 whose parents earn too much to qualify for Medicaid,but not enough to afford private insurance. Federal funds distributed by |
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Term
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Definition
| an illness or injury that leaves a person unable to work. |
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Definition
| pays for care when a person with a serious illness or injury cannot care for themselves for an extended period of time. |
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Definition
| Employers are required to have in every state in some form. Covers medical care, treatment,rehabilitation, and a portion of wages from injuries that occur in the workplace. |
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| May be purchased by Medicare recipients to cover part/all expenses not covered by Medicare. |
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Term
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| a federal law that someone who leaves employment may be eligible to keep insurance coverage at his/her own expense up to six months. |
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Term
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Definition
| an illness or injury that a person has a the time he/she enrolls in a health care plan. |
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