Chapter 20 Insurance

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

• True
• False

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

A % of the total cost a person may pay once the deductible is met

• co-pay
• out of pocket
• co-insurance
• premium

The amount of money paid to your beneficiary upon your death

• Health Savings Account
• Cash Value
• Deductible
• Death Benefit

This is the only type of insurance where the person paying for it will not get any of the benefit.

• Life insurance 
• Disability insurance
• Renters insurance
• Auto insurance

This life insurance policy has a savings feature (think cash value)

• Term
• Permanent

Your _____________ will be protected by your life insurance policy if you were to pass away

• Spouse
• Dependents
• Assets
• Children