Aggregate limit means the total number or the maximum value of insured losses resulting from any one accident or event causing loss.

  Person(s) designated by the insured(s) that would receive the proceeds of an insurance policy upon death of the insured. You would typically assign a beneficiary at the time of completing the policy [..]

 

 

  Insurance Company that actually underwrites and issues the insurance policy. The term refers to the fact that the company carries (or assumes) certain risks for the policyholder.

  An unmarried dependent son or daughter under the age of 21 or over that age if the child is mentally or physically challenged. 25 years of age if the child is a full time student.

Request by the insured (or his/her provider) to an insurance company to pay for services obtained from a health care provider. The claim is usually submitted in a pre-determined format or a claim form [..]

After your deductible is met, co-insurance is the percentage of the covered medical expenses that you, the insured person, must pay. For instance, if your health plan has an 80/20 co-insurance rate, y [..]