Insurance Review

Which of the following is not a type of health insurance managed care plan?

• Health Maintenance Organization (HMO)
• Preferred Provider Organization (PPO)
• Health Provider Organization (HPO)
• Point of Service (POS)

Students who have health care coverage through their parents have the option of staying on the plan until age 26 because of the Affordable Care Act

• True
• False

Your employer’s health insurance company must provide you with coverage but isn’t obligated to cover costs associated with your preexisting condition

• True
• False

The only way to get health insurance coverage is through an employer

• True
• False

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

• policy
• claim
• coverage
  policyholder
• premium
  prremium

The amount of money that policyholders must pay toward their own covered expenses before the insurance company pays any of the costs is known as _______________. 

• deductible
• provisions
• claim
  co-insurance
• exclusions

______ is insurance paid out for job related injuries, illness, or death. 

• COBRA
• Worker's Compensation
• Health Maintenance Organization
• Managed Care Plans

____________ is insurance which pays medical expenses for people 65 and older

• Medicaid
• Medicare
• Social Security
• Disability

___________ pays a portion of your salary if you are unable to work because of illness or injury

• Major Medical Insurance
• Basic Hospital Insurance
• Disability Income Insurance
• Workers Compensation

Benefits are only paid if the policyholder dies WITHIN that period

• Term Life Insurance
• Permanent Life Insurance