Insurance Vocabulary Flashcards
(54 cards)
deductible
able to be deducted, especially from taxable income or tax to be paid
out of pocket
paid for directly rather than being put on account
co-pay
a fixed out-of-pocket amount paid by an insured for covered services
co-insurance
a type of insurance in which the insured pays a share of the payment made against a claim
premium
an amount to be paid for an insurance policy.
PPO
A type of health plan that contracts with medical providers, such as hospitals and doctors, to create a network of participating providers. You pay less if you use providers that belong to the plan’s network.
HMO
A type of health insurance plan that usually limits coverage to care from doctors who work for or contract with the HMO. It generally won’t cover out-of-network care except in an emergency.
CMS
CMS is computer software or an application that uses a database to manage all content, and it can be used when developing a website.
medicare
People who are 65 or older. Certain younger people with disabilities. People with End-Stage Renal Disease (permanent kidney failure requiring dialysis or a transplant, sometimes called ESRD)
medicaid
It serves low-income people of every age. Patients usually pay no part of costs for covered medical expenses. A small co-payment is sometimes required. Medicaid is a federal-state program.
marketplace
A service that helps people shop for and enroll in health insurance.
rehabilitation
the process of helping a person achieve the highest level of function, independence, and quality of life possible.
disability
any condition of the body or mind (impairment) that makes it more difficult for the person with the condition to do certain activities
SCHIP
State Children’s Health Insurance Program - meant to broaden a state’s medicaid program, start up or expand state-sponsored or private insurance programs, support a combination or programs
home health care
a wide range of health care services that can be given in your home for an illness or injury
industrial health care
A branch of public health concerned with the health and well-being of workers.
rehabilitation facility
type of specialty hospital that focuses on treating people recovering from debilitating injuries, illnesses, surgeries, and chronic medical conditions
long term care
Services that include medical and non-medical care provided to people who are unable to perform basic activities of daily living such as dressing or bathing.
SNIF - skilled nursing facility
Skilled nursing facilities provide mostly short-term nursing or rehabilitation services.
clinic
a health care center where you receive routine preventative care when you are healthy or visit your Doctor/Primary Care Provider when you are sick.
life insurance
a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period
worker’s compensation
provide partial medical care and income protection to employees who are injured or become ill from their job
TRICARE
the uniformed services health care program for active duty service members (ADSMs), active duty family members (ADFMs), National Guard and Reserve members and their family members, retirees and retiree family members, survivors, and certain former spouses worldwide.
liability insurance
helps cover medical and legal fees if you’re held legally responsible for someone else’s injury, or damage to someone else’s property
