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Definition
| 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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Term
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Definition
| individual who relies on someone else 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 an insurance policy. |
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Term
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Definition
| When yoou buy an insurance policy, you have to pay a set amount of money to the insurance company on a regular basis. |
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Term
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Definition
| the 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 requires a stay in a hospital. |
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Definition
| contract with specific doctors, hospitals, and other health care providers to deliver medical services and preventive care to memebers at reduced cost. |
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Definition
| a flat fee 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 (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 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 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 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 a coverage that protects you when you are responsible for an auto accident that results in the injury or death 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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