Term
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Definition
| - is a measure of the like likelihood that something will be lost. |
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Term
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Definition
| - is the process of measuring risk and finding ways to minimize or manage loss. |
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Term
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Definition
| - is an individual who relies on someone else for financial support, such as 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
| - to the insurance company on a regular basis. |
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Term
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Definition
| - is 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
| is a percentage of the service cost that patients pay. |
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Term
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Definition
| is a person whose care requires a stay in a hospital. |
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Term
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Definition
| - contract with specific doctors, hospitals, and other health care provides to deliver medical services and preventive care to members at reduced costs. |
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Term
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Definition
| - is a flat fee the patient must pay for medical services. Co-payments are due at the time of service. |
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Term
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Definition
| – is a tax advantaged savings account available to people enrolled in qualified high deductible health plans. |
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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 policyholder to receive 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 are paid. |
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Term
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Definition
| - pays the face value of 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 the 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 accident in which the property of other is damaged. |
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Term
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Definition
| -eliminates the faultfinding process in setting claims. |
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