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January 07, 2009  
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Insurance Advisors Terms


  > Basic Hospital
Basic-hospital plans cover only in-hospital (inpatient) care, not other services. This benefit also may be limited to an approved or network facility. Hospitalization in a different facility may qualify for less coverage or none at all.
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  > Stand-Alone Prescription
This plan type provides prescription-drug coverage, which generally means the insured person can obtain prescription drugs at a set price of a few dollars, but does not include any other coverage.
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  > Umbrella policy
Umbrella policies provide additional liability coverage after the limits of your underlying policy are reached.
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