Term
|
Definition
| A 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, you become this. |
|
|
Term
|
Definition
| You pay a set amount of money to the insurance company on a regular basis. |
|
|
Term
|
Definition
| The amount you must pay before insurance begins to pay. |
|
|
Term
|
Definition
| This pays 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 services and preventive care to members at reduced cost. |
|
|
Term
|
Definition
| A flat fee the patient must pay for medical services. |
|
|
Term
| Health Savings Account (HSA) |
|
Definition
| A tax-advantaged savings account available to people enrolled in qualified High Deductible Health Plans (HDHPs). |
|
|
Term
|
Definition
| Refer to 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
| Coverage that protects you when you are responsible for an auto accident that results in the injury or death of other parties. |
|
|
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. |
|
|
