Health Insurance Basics Review

Front

The amount you must pay on a claim before the insurance company will pay.

Back

Deductible

Front

A payment made monthly, twice a year, or yearly, for an insurance policy.

Back

Premium

Front

What is the amount of money an insurance policy holder must pay on a claim before the insurance company begins to pay? The higher this is, will usually result in a lower premium.

Back

Deductible

Front

A set dollar amount you agree to pay each time you receive medical treatment, while the insurance company agrees to cover the rest

Back

Copay

Front

The amount paid for insurance is the

Back

premium

Front

The type of insurance that provides protection against financial loss from medical bills is called

Back

health insurance

Front

Insurance and patient share the cost of medical procedures based on a percentage

Back

co-insurance

Front

______________ insurance provides financial protection against overwhelming medical expenses

Back

Health

Front

A(n) _________ is the amount of money you must pay each year before your insurance company starts paying

Back

deductible

Front

_______________ requires you to pay either a set amount or a certain percent of medical expenses

Back

co-insurance