Term
|
Definition
| measure of the likelihood that something will be lost |
|
|
Term
|
Definition
| the process of measuring risk and finding ways to minimize or manage loss |
|
|
Term
|
Definition
| an individual who relies on someone else for financial support, such as a child, a spouse, or an elderly parent |
|
|
Term
|
Definition
| when you buy an insurance policy |
|
|
Term
|
Definition
|
|
Term
|
Definition
| the amount you must pay before insurance begins to pay |
|
|
Term
|
Definition
| pay for covered medical services after treatment is provided |
|
|
Term
|
Definition
| a percentage of the service cost that patients pay. |
|
|
Term
|
Definition
| a person whose care requires a stay in a hospital |
|
|
Term
|
Definition
| contract with specific doctors, hospitals, and other health care providers to deliver medical service and preventive care to members at reduced cost |
|
|
Term
|
Definition
| a flat free the patient must pay for medical services |
|
|
Term
| Health Savings Account (HSA) |
|
Definition
| a tax-advantage savings account available to people enrolled in qualified HDHPs |
|
|
Term
|
Definition
| medical services that are not covered |
|
|
Term
|
Definition
| an illness or an injury you had before signing up for health care insurance |
|
|
Term
|
Definition
| a person or organization named by the policyholder to receive assets after the policyholder's death |
|
|
Term
|
Definition
| provides protection only for a specific period of time |
|
|
Term
|
Definition
| provides basic lifetime protection so long as premiums are paid |
|
|
Term
|
Definition
| pays the face value of the policy to beneficiaries if the insured dies before the endowment period ends |
|
|
Term
|
Definition
| an estimate of the current value of property |
|
|
Term
|
Definition
| a decrease in the value of property as a result of age or wear and tear |
|
|
Term
|
Definition
| is coverage that protects you when you are responsible for an auto accident that results in the injury or death of other properties |
|
|
Term
| Property Damage Liability |
|
Definition
| protects you when you are responsible for an auto accident in which the property of others is damaged |
|
|
Term
|
Definition
| eliminates the faultfinding process in settling claims |
|
|
