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7 Cards in this Set
- Front
- Back
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Agent |
a licensed individual who represents several insurance companies and sells their products |
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co-insurance |
the percentage of covered expenses an insured individual shares with the carrier. |
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co-pay/co-payment |
the amount an insured individual must pay toward the cost of a particular benefit |
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deductible |
the dollar amount an insured individual must pay for covered expenses during a calendar year before the plan begins paying co-insurance b |
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out-of-pocket maximum |
he total of an insured individual's co-insurance payments and co-payments. |
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premiums |
payments to an insurance company providing coverage |
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stop-loss |
the dollar amount of claims filed for eligible expenses at which the insurance begins to pay at 100% per insured individual |
