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Definition
| measur of the likelihood that something wikll be lost. |
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Term
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Definition
| the process of measuring and finding ways to minimize or manage loss. |
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Definition
| an individual who relies on someone else for financial support.- a child |
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Definition
| when you pay an insurance policy |
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Term
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Definition
| a set amountof money u have to pay |
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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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Definition
| a percentage of the service cost that patients pay. |
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Definition
| A person whose cxare rewuires a stay in a hospital. |
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Definition
| contract with specific doctors,hospitals and other health car providers. |
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Definition
| A flat fee the patient must pay for medical service. |
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Term
| health savings account(HSA) |
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Definition
| a tax-advabntage savings account available to people enrolled in qualified High deductible health plans (HDPs) |
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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
| an illness or an injury you had before sigining up for health care insurance |
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Term
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Definition
| a person or organization named by the policy holder 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 as 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. |
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Term
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Definition
| an estimate of the current value of property. |
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Term
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Definition
| 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
| a coverage taht protects you when you are responsible for an auto accident that results in 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 autoaccident 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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