Health Inurance

______________ insurance provides financial protection against overwhelming medical expenses

• Health

• Car

• Comprehensive

• Medical

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

• term life

• whole life

• cash value

• traditional plan

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

• health maintenance organization

• co-payment

• preferred provider organization

• co-insurance

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

• preferred provider organization

• health maintenance organization

• life insurance

• non-life insurance

a fixed amount you pay for a service

• co-insurance
• co-pay
• premium
• claim

cost of your insurance that you pay each month

• co-pay
• deductible
• premium
• co-insurance

Ernesto Baca is employed by Bigg Company. He has a family membership in his company’s health insurance program. The annual premium is $5,432. Ernesto’s employer pays 80% of the total cost. Ernesto’s contribution is deducted from his paycheck. What is his annual contribution?

• $1,086.40

• $1,125.65

• $1,527.98

• $1,567.20

Kerri Payne is employed by Caterer’s Central. She has a family membership in the health insurance program. The annual premium is $6,486. Kerri’s employer pays 80% of the total cost. Her contribution is deducted from her paycheck. What is Kerri’s annual contribution?

• $1,257.52

• $1,369.14

• $1,297.20

• $2,006.00

Stanley McBride is employed by the True Blue company. The PPO annual premium is $7,058. His employer pays 70% of the total cost. His contribution is deducted from his paycheck. What is Stanley’s weekly deduction?

• $32.98

• $40.72

• $59.21

• $58.22

Kathy Parker’s employer pays 65% of the total cost of her $5,489 health insurance premium. What is her biweekly deduction for the insurance?

• $67.54

• $71.20

• $73.89

• $80.05