Health Insurance basics Flashcards
1
Q
What is comprehensive Coverage?
A
Coverage for most types of medical expenses.
2
Q
What is copayment?
A
agreement to pay percentage of bill after deductible. Ussually 80/20 division.
3
Q
What is dependent?
A
Someone relying on the insured for support.
4
Q
What is enrollee?
A
person enrolled in a health insurance plan.
5
Q
what is insolvent?
A
unable to meet financial obliggations.
6
Q
What is NAIC?
A
National Association of Insurance Commissionees.
7
Q
What is waiting period?
A
the time period after a loss before the insurer starts paying.
8
Q
What are the two types of peril under health insurance policy?
A
- accidental injury
2. Sickness
