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Related Flashcards
Related Topics
Cards In This Set
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Insurance
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Protection against possible financial loss
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Premium
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The fee a policy holder pays an insurance company
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Risk
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The chance of loss or injury
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Peril
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Anything that may possibly cause a loss
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Hazard
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Increase the likelihood of loss through peril
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Homeowners Insurance
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Coverage that provides protection for yout residence
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Actual Cash Value
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The payment you receive is based on the replacement cost of an item minus depreciation
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No-Fault System
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When each party involved in an accident collects money from his or her own insurance company
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Assigned Risk Pool
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The people who cannot get motor vehicle insurance
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Stop-Loss
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Medical policies that require the insurance policyholder to pay all osts up to a certain amount, after which the insurance company pays 100 percent of the remaining expernses, as long as they are covered in the policy
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Managed Care
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Prepaid health plans that probide comprehensive health care to their memebers
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Preferred Provider Organization (PPO)
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A group of doctors and hospitals that agree to probide specified medical services to members at prearranged fees
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Medicare
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A federally funded health insurance program available mainly to people over 65 and to perple with certain disabilites
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Medicaid
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Certain low-income individuals and families can qualify for a government medical assistance program
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Disability Income Insurance
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Available to provide regular cash income when you are unable to work because of a pregnancy, non-work-related accident, or an illness.
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