Bankrate's financial glossary
Did you run across an unfamiliar term when applying for a mortgage, credit card
or auto loan? Find the meaning here, along with definitions of other financial words
and phrases, in Bankrate.com's financial glossary.
Accident and health insurance
Coverage that pays benefits in case of sickness, accidental injury or accidental death. It sometimes provides for loss of income or debt payment if taken out in connection with a loan.
A person who calculates statistically risks, premiums, life expectancies and other factors for insurance firms.
Additional monthly benefit
Addendum to a disability income policy that provides an extra monthly stipend in the first year of injury, before Social Security benefits start.
A person who evaluates an insurance claim and determines the amount to be paid.
Adult day care
Out-of-home care for disabled adults providing for physical and social needs.
Services provided after hospitalization and rehabilitation.
Coverage for health care services provided while the insured is not confined to a hospital or institution. Could include home health care, physical therapy, emergency room care and pre-admission testing.
All the extras that make that hospital stay special, excluding room, meals and nursing care. Ancillary services can include just about everything else: lab services, drugs, dressings, radiology, operating room services and anesthesiology. Could also cover these same services in a nonhospital setting.