How do you eat an entire elephant... or bear ;) One bite at a time. Medicare feels like an elephant in the room sometimes... Let's take one bite at a time and have some fun. Join us on Wednesdays for these "bear" necessities. Today's word: INSURANCE: 1. a practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium. 2. A transfer of risk in exchange for premium 3. a thing providing protection against a possible eventuality 1 and 3 are from google dictionary... 2 is mama's take she got from someone else teaching one of her gazillion hours of CE. Enjoy!!! What medicare words do you want help defining? If you need help deciding what insurance matters or means to you, you can always SCHEDULE A CALL WITH MAMA.