01:220:110 Study Guide - Final Guide: Copayment, Managed Care, Disability Insurance
21 Dec 2016
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Economics 110 - personal finance and decision making. Part of overall insurance program to safeguard your family"s economic security: health insurance vs. other types of insurance. Cobra - if you lose your job you can still have the insurance. Individual - buy directly from company of your choice: types of insurance: Long term care - provides coverage for the expense of daily help that you may need if you become seriously ill or disabled and are unable to take care of yourself: vocabulary. Coinsurance - a provision under which both the insured and the insurer share the covered losses. Copayment - flat fee that you pay every time you receive a covered service. Deductible - amount the insured must pay before benefits become payable by the insurance company. Out-of-pocket limits - limit the amount of money you must pay for the deductible and coinsurance.
