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Definition
| is ameasurement of the likelihood that somethingwill be lost |
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| is the process of measuring risk and finding ways to minimize or manage loss |
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| is an individual who relies on someone else for financial support |
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| when you buy insurance policy |
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| you pay a set amount of money to the insurance company on a regular basis |
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| is the amount you must pay before insurance begins to pay |
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| pay for covered medical services after treatment is provided |
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| is a person whose care requires a stay in a hospital |
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Definition
| conttract with specfic doctors hospitals and other health care providers medical services and preventive care member at reduced cost |
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Definition
| is a flat fee that patientmust pay for medical services |
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Term
| health savings account (HSA) |
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Definition
| is a tax-advantaged savings account avaialbe to people enrolled in qualifed high deductible health plans |
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| refers to medical services that are not covered |
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| is an ilness or an injury you had before signing up for health care insurance |
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| is a person or organization named by the policeholder to receive assets after the policyholders dealth |
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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 the jury or dealth 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 the property of others is damaged |
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Term
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Definition
| eliminates the faultfinding process in settling claims |
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