Quiz about Health Insurance

Question 1

______________ insurance provides financial protection against overwhelming medical expenses

Accepted Answer

Health

Answer

Car

Answer

Comprehensive

Answer

Medical

Question 2

___________ ______________offers health care coverage where the health care provider is paid a predetermined dollar amount for the service given

Accepted Answer

traditional plan

Answer

term life

Answer

whole life

Answer

cash value

Question 3

__________ ___________ __________ is a group of selected health care providers who offer comprehensive services at preset reimbursement levels

Accepted Answer

preferred provider organization

Answer

health maintenance organization

Answer

co-payment

Answer

co-insurance

Question 4

_____________ ___________ __________ is a prepaid health plan in which care providers contract with (or are) employees of the org. to provide you with services

Accepted Answer

health maintenance organization

Answer

preferred provider organization

Answer

life insurance

Answer

non-life insurance

Question 5

A(n) _________ is the amount of money you must pay each year before your insurance company starts paying

Accepted Answer

deductible

Answer

life

Answer

beneficiary

Answer

health

Question 6

_______________ requires you to pay either a set amount or a certain percent of medical expenses

Accepted Answer

co-insurance

Answer

co-payment

Answer

life term

Answer

term life

Question 7

A(n) ____________ is a predetermined flat fee you pay for health care services

Accepted Answer

co-payment

Answer

co-insurance

Answer

whole life

Answer

term

Question 8

__________ insurance is financial protection for a family in case the main source of income dies

Accepted Answer

life

Answer

term

Answer

medical

Answer

health

Question 9

_______ ________ insurance is for a specified term, such as 5 years, or to a specified age

Accepted Answer

term life

Answer

universal life

Answer

cash value

Answer

whole life

Question 10

The __________ is the person who receives money from a life insurance policy if the insured dies

Accepted Answer

beneficiary

Answer

life

Answer

deductible

Answer

health

Question 11

_______ _________ insurance also known as permanent life insurance, offers financial protection for your entire life

Accepted Answer

whole life

Answer

term life

Answer

universal life

Answer

life

Question 12

_______ _______ is the amount of money you will receive if you cancel your whole life insurance policy

Accepted Answer

cash value

Answer

deductible

Answer

medical

Answer

term life

Question 13

________ ___________ __________ is a whole life insurance policy that is paid up after a specified number of years, or until the insured reaches a certain age, but offers lifetime protection

Accepted Answer

limited payment policy

Answer

health maintenance organization

Answer

preferred provider organization

Answer

cash value

Question 14

_________ _________ insurance is a combination of a life insurance policy & a savings acct; it covers the insured for his or her lifetime and any amt the insured pays over the minimum premium goes into an investment acct that earns interest

Accepted Answer

universal life

Answer

traditional plan

Answer

whole life

Answer

term life

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