Health Insurance Dictionary
Confused by all of the health insurance jargon? This dictionary will help you sort it out.
Actuary: A mathematician working for a health insurance company responsible for determining what premiums the company needs to charge based in large part on claims paid verses amounts of premium generated. Their job is to make sure a block of business is priced to be profitable.
Agent: Licensed salespersons that represent one or more health insurance companies and presents their products to consumers.