a form of protection that eases the financial burden people may experience as a result of illness or injury.
the percentage of the medical expenses the policyholder must pay in addition to the deductible amount.
a provision that requires the policyholder to pay all costs up to a certain amount, after which the insurance company pays 100 percent of the remaining expenses, as long as they are covered in the policy.
a flat fee that you pay every time you recieve a covered service.
provides hospital care benefits.
provides benefits for surgical and medical services performed by physicians.
refers to prepaid health plans that provide comprehensive health care to their members.
health maintenance organization
a health insurance plan that directly employs or contracts with selected physicians and other medical professionals to provide health care services in exchange for a fixed, prepaid monthly premium.
preferred provider organization
a group of docters and hospitals that agree to provide specified medical services to members at prearranged fees.
combines features of both HMOs and PPOs.
a federally funded health insurance program available mainly to people over 65 and to people with certain disabilities.
a medical assistance program offered to certian low income individuals and families.
disability income insurance
provides regular cash income when you're unable to work because of a pregnancy, a nonwork-related accident, or an illness.
a person named to recieve the benefits from an insurance policy.
sometimes called temporary life insurance provides protection against loss of life for only a specified term, or period of time.
whole life insurance
a permanent policy for which you pay a specified premium each year for the rest of your life.
when you cancel a policy and you are entitled to the accumulated savings.
life insurance that provides coverage for a specific period of time and pays an agreed-upon sum of money to the policyholder.
a document attatched to a policy that changes its term by adding or excluding specified condidtions or altering its benifits.
pays twice the value of the policy if you are killed in an accident.