Intro to Insurance EPF

Front

What is the purpose of insurance? Options: To invest so you have more money in the future., To protect yourself from losing more money if there is a problem., To save money., To become rich, famous, and popular.

Back

To protect yourself from losing more money if there is a problem.

Front

What is a co-pay?

Back

The money you pay every time you use insurance.

Front

What is a premium?

Back

The amount you pay every month for insurance.

Front

What is a deductible?

Back

The amount you pay FIRST before your insurance will pay.

Front

Carlos pays $60 a month for his insurance. He went to the doctor for a check-up and paid $10 for his visit. He got in a car accident and had to go to the emergency room. He paid $300 for his visit, and his insurance paid the rest.
What is his co-pay?

Back

$10

Front

Carlos pays $60 a month for his insurance. He went to the doctor for a check-up and paid $10 for his visit. He got in a car accident and had to go to the emergency room. He paid $300 for the visit, and his insurance paid the rest.
What is his premium?

Back

$60

Front

Carlos pays $60 a month for his insurance. He went to the doctor for a check-up and paid $10 for his visit. He got in a car accident and had to go to the emergency room. He paid $300 for the visit, and his insurance paid the rest.
What is his deductible?

Back

$300