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15 Cards in this Set
- Front
- Back
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Health Insurance
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plan for sharing the risk of medical costs resulting from injury or illness
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Group health insurance
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health insurance issued to a group
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COBRA
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Consolidated omnibus reconciliation act
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Coordination of benefits
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a group health insurance provision that specifies how the insurers will share the when more than one covers a claim
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preffered provider organization
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a group of healthcare providers who band together to provide health services for set fees
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Health maintenance organization
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a group plan offering prepaid medical care to its member
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medicare
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government-sponsered helath insuarance for people currently age 65 or older
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medicaid
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government-sponsered helth insurance for peopl with low incomes and limited resources
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disability insurance
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an insurance plan that makes regular payments (monthly) to replace incoem lost when illness or injury prevents the insured from working
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life insurance
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the insurance that provides funds to the beneficiaries when the insured dies
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incontestable clause
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provision of a life or health insurance policy that once the policy has been in effect for a stated period of time the insurer may no longer question items on the application in order to deny coverage
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rider
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a small insurance policy that modifies teh coverage of the main policy
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term life insurance
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a life insurance policy that remians in effect for a specified period of time.
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permanent life insurance
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life insurance that remains in effect of the insured'd lifetime and builds cash value
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cash value
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the savings accumulated in a permanetn life insurance policy that you would recieve if you canceled your policy
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