Chapter 15 Health and Life Insurance

What type of insurance would cover the cost of medical care provided in a nursing home over several years?

• long-term care insurance

• specified disease insurance

• extended care insurance

• dread disease insurance

What type of insurance would pay for your living expenses if you became ill and were unable to work for many months?

• basic expense insurance

• disability income insurance

• cost of living insurance

• long term care insurance

Basic medical insurance covers each of the following except

• surgery

• hospitalilzation

• dental care

• outpatient services

Insurance that protect doctors from a devastating financial loss due to a legal suit.

• doctor's insurance

• medical coverage

• malpractice insurance

• major medical

Medications that have the same chemical composition as their name brand counterparts but less expensive.

• Bootleg drugs

• Generic drugs

• Alternative drugs

• Fake drugs

This type of medical insurance plan allows you to choose your medical care provider and reimburses you for all or part of the cost of your treatment.

• fee-for-service plan

• health maintenance organization (HMO)

• preferred provider organization (PPO)

• no medical insurance allows you to do this

This type of medical insurance plan does not require you to choose a primary care physician who belongs to the plan and allows you to see a specialist without a referral from a primary care physician

• fee-for-serice plan

• health maintenance organization (HMO)

• preferred provider organization (PPO)

• Point-Of-Service (POS)

This type of medical insurance plan often operates its own clinics and hospitals that insured people are required to use.

• health maintenance organization (HMO)

• fee-for-serice plan

• preferred provider organization (PPO)

• Point-Of-Service (POS)

This type of medical insurance plan requires you to have a primary care physician who is approved by the plan but also allows you to be referred to a physician outside of the plan.

• Point-Of-Service (POS)

• preferred provider organization (PPO)

• health maintenance organization (HMO)

• fee-for-serice plan

Where do roughly half of all Americans get their medical insurance coverage?

• through their labor unions

• through their employers

• they pay for it themselves

• through the government