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Insurance Terms
Glossary

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  • Malingering

    The practice of feigning illness or inability to work in order to collect insurance benefits.

  • Managed Care

    Health care systems that integrate the financing and delivery of appropriate health care services to covered individuals by arrangements with selected providers to furnish a comprehensive set of health care services.

  • Manuscript Policy

    Policy designed for a firm's specific needs and requirements.

  • Medicaid

    State programs of public assistance to persons whose income and resources are insufficient to pay for health care. Title XIX of the Federal Social Security Act provides matching federal funds for financing state Medicaid programs, effective January 1, 1966.

  • Medicare

    A program of Hospital Insurance (Part A) and Supplementary Medical Insurance (Part B) protection provided under the Social Security Act.

  • Medigap

    A term sometimes applied to private insurance products that supplement Medicare insurance benefits.

  • Moral Hazard

    Hazard arising from any nonphysical, personal characteristic of a risk that increases the possibility of loss or may intensify the severity of loss, for instance, bad habits, low integrity, poor financial standing.

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Insurance Reference Guides

Where you live may affect your coverage options. Our reference guide will assist you in finding plans available in your state.

Insurance Terms Glossary

From "absolute liability" to "written premiums," we've done the work for you to define commonly used insurance terms.

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