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3.03 Health Insurance Vocabulary

AB
Deductiblethe amount of money that must be paid by the patient for medical services before the insurance policy begins to pay
Co-Insurancea specific percentage of expenses to be shared by the patient and the insurance company
Co-Paymenta specific amount of money a patient must pay for a particular service
Premiumthe monthly payment to have health insurance
HMOHealth Maintenance Organization
PPOPreferred Provider Organization
MedicareFedearl government insurance for people over age 65 and people with a disability who receives Social Security Benefits for at least two years
Medicaidmedical assistance program operated by individual states available to individuals with low income, children who qualify for public assistance, and individuals who are physically disabled or blind
Workers' Compensationhealth insurance plan to provide treatment for workers who are injured on the job
TRICAREhealth insurance plan for military personnel and their families, survivors of military personnel, and retired members of the Armed Services


Health Science Teacher
West Caldwell High School
Lenoir, NC

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