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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
| the process of measuring risk and finding ways to minimize or manage loss |
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| an individual who relies on someone else for financial support, such as a child a spouse, or an elderly parent |
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Definition
| Set amout of money you pay insurance company |
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Definition
| is a amount you must pay before insurance begins to pay |
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Definition
| Covered medical services after treatmentr is provided |
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Definition
| is a percentage of the service cost that patients pay |
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| a person whose care requires a stay in a hospital |
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Definition
| contract with specific doctors , hospitals, and other health care providers to deliever medical services and preventive care to members at reduced cost |
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| a Flat flee that 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 qualified High Deductible Health Plans |
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Definition
| Refer to medical services that are not covered |
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| is an illness or an injury you had before signing up for health care insurance |
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Definition
| a person or organization named by the policyholder to receive assets atfer the policyholders death |
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Term
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Definition
| provieds 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 periods ends |
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Term
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Definition
| an estimate of the current value of property |
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Definition
| a decrease in the value or property as a result of age or wear and tear |
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Definition
| Coverage that protects you when you are responsible for an auto accident that results in the injury or dealth of other parties |
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Term
| property damage liabolity |
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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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Definition
| eliminates the faultfinding process in settings claims |
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