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Definition
| Measure of the likihood that something will be lost. |
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| Process of measuring risk and finding ways to minimize or manage loss. |
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Definition
| individual who relies on someone else for financial support, f.e child. |
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Definition
| some who buys an insurance policy |
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Term
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Definition
| set amount of money to pay |
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Definition
| 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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Definition
| percentage of the service cost that patients pay |
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Definition
| person whose care requires a stay in a hospital |
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Definition
| plans that contracts specific doctors, hospitals, and other health care providers to deliver medical services and preventive care to members at reduced cost. |
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Definition
| flat fee the patient must pay for medical services |
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Definition
| tax advantaged savings account available to people enrolled in qualified HDHPs |
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Definition
| refer to medical services taht are not covered |
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Term
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Definition
| illness or injury you had before signing up for health care insurance |
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Definition
| person or organization named by the policyholder to receive assets after the policyholder's death |
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Definition
| 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
| estimate of the current value of property |
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Term
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Definition
| decrease in teh value of 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 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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