| A | B |
|---|
| Administrator | person appointed by the court to look after the estate of a person who died without a will |
| Basic health insurance | a limited medical insurance covering hospital, surgical and medical expenses |
| Codicil | amendment to a will |
| Dental | an insurance policy that covers a fixed percentage or flat dollar amount of various forms of dental work |
| Disability | physical or mental inability that substantially limits one or more of the major life activities, such as employment |
| Disability Income Insurance | protects the insured against financial consequences of loss of income stemming from accident or illness |
| Executor | person named in a will to carry out the terms of the will |
| General consent | permission given for tests and treatments, the moment the patient enters the hospital |
| Heirs | persons who inherit by right of relationship |
| Holographic will | written in handwriting of the decedent |
| Individual Retirement Account (IRA) | an individual’s own personal pension plan |
| Informed consent | procedure which requires physicians to tell patients in advance of any risks involved in forthcoming treatment; must be in writing |
| Intestate | person who dies without a will |
| Keogh | a retirement plan that may be set up only by people who are self-employed or who own all or part of an unincorporated business such as a sole proprietorship or partnership |
| Major medical insurance | a broad medical policy covering in patient and outpatient hospital care, long term hospitalization, home nursing care, prescription drugs, physicians visits, surgery and laboratory tests |
| Medicare | federal assistance for people age 65 and over and some disabled individuals; provides medical and hospital insurance |
| Nuncupative will | oral will |
| Portability | ability to transfer pension benefits from one job to another |
| Retirement | stage in life when most people stop working |
| Social security | - a government sponsored insurance plan paid for by employee and employer matching contributions providing benefits for Retirement, Survivors, Disability and Health Insurance (RSDHI) |
| Unemployment | loss of job through no fault of the employee |
| Vesting | act of giving a worker a guaranteed right to receive a future pension |
| Vision | an insurance policy that covers a fixed percentage of cost for eyeglasses, contact lenses, and doctor’s appointments |
| Will | document drawn up and signed by persons during their lifetime to provide for distribution of their property upon their death |
| Worker’s Compensation | A government-regulated program that provides medical benefits and income to employees who are injured on the job. Coverage is no fault insurance and entirely paid for by employer. |
