Health insurance
A group of doctors, hospitals, and pharmacies that your health plan has a contract with to provide services at a discounted rate.
What is a health plan network?
This coverage in a "no-fault" state pays for your medical bills and lost wages after a car accident, no matter who caused it.
What is personal injury protection? or What is PIP?
An agreement where you pay a company to protect you from financial loss
What is insurance?
This is the percentage of a medical bill you must pay after you've met your deductible, with your insurance covering the rest.
What is co-insurance?
This type of coverage kicks in to pay your bills if the driver who hits you doesn't have any insurance.
What is uninsured motorist coverage?
This is the amount you pay regularly to keep your insurance active
What is premium?
After a patient pays this specific annual dollar amount for covered services, their health plan starts to pay 100% of the costs for the remainder of the year.
What is the out-of-pocket maximum?
This type of coverage pays for damage to your own vehicle resulting from an accident with another car or a stationary object, even if the accident was your fault.
What is collision coverage?
This is y the request you make to your insurance company asking them to pay for a loss
What is a claim?
A fixed amount the beneficiary pays for healthcare services, regardless of the actual charge; this amount is designated as the patient's responsibility.
What is a co-pay?
This mandatory coverage pays for the other driver's medical bills and property damage when you are found to be legally at fault in a car accident.
What is liability coverage?
This is the fixed amount of money you are required to pay out-of-pocket for covered losses before your insurance company starts to cover the rest of the costs.
What is a deductible?
This federal health insurance program provides coverage primarily for people age 65 or older, as well as younger individuals with certain disabilities or permanent kidney failure.
What is Medicare?
Often called "other than collision," this coverage protects your vehicle from non-accident damage like theft, vandalism, fire, or hitting a deer.
What is comprehensive coverage?
This is the job title of the professional at an insurance company responsible for evaluating risk, reviewing applications, and determining whether to accept a client's application for coverage and at what price.
What is an underwriter?