Insurance Terms

What is a beneficiary?

• When an insurance company makes money off of a client
• Someone who gets free health insurance 
• The person receiving the insurance money after someone dies
• A child staying on his parent's insurance plan

Under the Affordable Care act, you can remain on your parents insurance plan until what age?

• 21
• 24
• 26
• 32

What is deductible?

• A loan
• total amount and type of insurance carried
• Amount of money that somone pays before an insure company

What is a claim?

• Request to an insurance company asking for a payment based on terms of insurance policy
• deductible
• insurance

What is insurance?

• you get money
• a practice by which a company provides a guarantee of compensation 
• a word
• flip a coin

what is policy

• a legally binding contract between insurance company and the person who buys the policy
• a type of computer
• demographics
• you pay a fee

what is insured

• a policyholder
• a lot of data
• –Teenage boys, senior citizens, middle-aged adults
• the person, group, or property for which an insurance policy is issued

what is a insurer

• someones name
• A person or company that underwrites an insurance risk
• That large pool of $ 
• the insurance policy.

what is a premium

• .  The condition of having insurance.
• something, 
• charged a fair premium
• An amount to be paid for an insurance policy

A copayment is a 

• A specific percentage of the hospital bill you pay each visit 
• Fixed rate you pay every time you visit a health care facility 
• Consumer and insurance both split the medical bill equally
• You and spouse both make a payment