Chp 15 Health, Disability and Life Insurance Lesson

Chp 15 Health, Disability and Life Insurance Lesson

By Carly Jorgensen

Multiple Choice

Define health insurance.

• Additional insurance that can be purchased to pay for medical expenses that standard health insurance does not cover.

• Provides protection against financial loss due to illness or injury.

• Covers specified dental services.

• Insurance that helps manage the risks that occur when an insured has cancer.

Multiple Choice

A _____________ is an individual who relies on someone else for financial support.

• beneficiary

• coinsurer

• minor

• dependent

Multiple Choice

A(n) _______________ is an amount that must be paid before the insurance starts to pay.

• exclusion

• dependent

• deductible

• copayment

Multiple Choice

If a patient has coinsurance of 40% and medical services cost $100, what is the patient’s cost?

• $100

• $40

• $4

• $20

Multiple Choice

A(n) _______________ is a medical service that is not covered in an insurance plan.

• exclusion

• dependent

• preexisting condition

• deductible

Multiple Choice

An illness or an injury a person has before signing up for health insurance is known as a(n) __________________________.

• exclusion

• preexisting condition

• illness

• injury

Multiple Choice

Covers specified eye care services.

• Health insurance

• Vision care insurance

• Dental insurance

• Life insurance

Multiple Choice

Covers specified dental services.

• Health insurance

• Vision care insurance

• Dental insurance

• Life insurance

Multiple Choice

___________________ are usually offered through an employer.

• Medicare plans

• Health insurance exchanges

• Group health insurance plans

• Medicaid plans

Multiple Choice

A tax-advantaged savings account available to people enrolled in qualified high-deductible health plans is called a(n) _______________________.

• point-of-service (POS) plan

• preferred provider organization (PPO)

• health savings account (HSA)

• high-deductible health plan (HDHP)

Multiple Choice

A(n) ______________________________ is a flat fee the patient must pay for medical services.

• copayment

• coinsurance

• deductible

• fee

Multiple Choice

Additional insurance that can be purchased to pay for medical expenses that standard health insurance does not cover or does not fully cover.

• cancer insurance

• LTC insurance

• supplemental insurance

Multiple Choice

Taking responsibility for your health care includes _____.

• waiting until you need insurance to buy it

• saving insurance costs by not having an annual exam

• destroying your receipts of paid medical bills

• carrying your proof of insurance with you at all times

Multiple Choice

Pays a portion of income lost to a worker who is unable to work for a prolonged period because of illness or injury.

• workers comp insurance

• health insurance

• life insurance

• disability insurance

Multiple Choice

Helps pay for medical care, rehabilitation, and lost wages for an employee who suffers an injury or illness as a direct result of his or her job.

• disability insurance

• life insurance

• workers compensation insurance

• dental insurance

Multiple Choice

Who pays for worker’s compensation insurance?

• employers

• taxpayers

• employees

• the federal government

Multiple Choice

What is a beneficiary?

• an individual who relies on someone else for financial support.

• A person or group who received a deceased person’s assets.

• An individual who pays for life insurance.

Multiple Choice

Pays the face value of the policy to beneficiaries if the insured dies before the endowment period ends.

• Whole life insurance

• Endowment insurance

• term life insurance