Life/Health Review F19

Front

The amount you MUST pay out of pocket before insurance takes over is called the

Back

deductible

Front

If your deductible decreases, what happens to your premium?

Back

increases

Front

A __________ is a policyholder's formal request to the insurance company for payment of losses.

Back

claim

Front

What does HMO stand for?

Back

Health Maintenance Organization

Front

What is the contract for insurance between you and the company called?

Back

policy

Front

Which medical insurance allows you to choose your own doctor but is more expensive? Options: HMO, PPO, disability, major medical

Back

PPO

Front

Co-payment

Back

Portion of the cost of service to be paid by the insured (a set dollar amount)

Front

_______________ requires you to pay a certain percent of medical expenses after the deductible is met

Back

co-insurance

Front

Applies to the amount of protection you have through an insurance company in the event of a loss

Back

coverage

Front

When is homeowners insurance required?

Back

when you have a mortgage