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Chapter 27 Review Questions

Chapter 27 Review Questions

Assessment

Flashcard

Business

11th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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20 questions

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1.

FLASHCARD QUESTION

Front

__________ is a plan for sharing the risk of financial loss resulting from an accident or illness.

Back

health insurance

2.

FLASHCARD QUESTION

Front

__________ is a type of health insurance in which all those insured have the same coverage and pay a set premium.

Back

group insurance

3.

FLASHCARD QUESTION

Front

The __________ is a law that allows people who leave employment to continue their health insurance under the company plan for a limited period of time (usually 18 months).

Back

Consolidated Omnibus Budget Reconciliation Act (COBRA)

4.

FLASHCARD QUESTION

Front

__________ is a group health insurance program that specifies how the insurers will share the cost when more than one policy covers a claim.

Back

coordination of benefits

5.

FLASHCARD QUESTION

Front

A __________ is an employee benefit program that allows employees to set aside money, pretax, to help pay deductibles, copayments, and other health expenses during the year that are not covered by insurance.

Back

Flex 125 Plan

6.

FLASHCARD QUESTION

Front

The three types of insurance (medical, hospital, and surgical) are called __________.

Back

basic health insurance

7.

FLASHCARD QUESTION

Front

__________ provides protection against the catastrophic expenses of a serious injury or illness.

Back

major medical coverage

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