| A | B |
|---|
| Health Insurance | A form of protection that eases the financial burden people may experience as a result of illness or injury. |
| Coinsurance | The percentage of the medical expenses the policyholder must pay in addition to the deductible amount. |
| Stop-loss | A provision that requires the policyholder to pay all costs up to a certain amount. |
| Copayment | A flat fee that you pay every time you receive a covered service. |
| Blue Cross | Provides hospital care benefits. |
| Blue Shield | Provides benefits for surgical and medical services performed by physicians. |
| Managed Care | Refers to prepaid health plans that provide comprehensive health care to their members. |
| Health Maintenence Organization (HMO) | A health insurance plan that directly employs or contracts with selected physicians and other medical professionals to provide health care services in exchange for a fixed, prepaid monthly premium. |
| Preferred Provider Organization (PPO) | A group of doctors and hospitals that agree to provide specified medical services to members at prearranged fees. |
| Point-of-Service Plan (POS) | Combines features of both HMOs and PPOs. |
| Medicare | A federally funded health insurance program available mainly to people over 65 and to people with certain disabilities. |
| Medicaid | A medical assistance program offered to certain low income individuals and families. |
| Disability Income Insurance | Provides regular cash income when you're unable to work because of pregnancy, a nonwork-related accident, or an illness. |
| Beneficiary | A person named to receive the benefits from an insurance policy. |
| Term Insurance | Provides protection against loss of life for only a specified term, or period of time. |
| Whole Life Insurance | A permanent policy for which you pay a specified premium each year for the rest of your life. |
| Cash Value | The accumulated savings from a whole life insurance policy. |
| Endowment | Life insurance that provides coverage for a specific period of time and pays an agreed-upon sum of money to the policyholder if he or she is still living at the end of the endowment period. |
| Rider | A document attached to a policy that changes its terms by adding or excluding specified conditions or altering its benefits. |
| Double Indemnity | A rider to a life insurance policy that pays twice the value of the policy if the person covered by the policy is killed in an accident. |
