Quiz 2.2

What does HSA stand for?

• Health Savings Account

• Healthy Students Act

• Home Safety Alliance

• Health Standards Association

What does 80/20 coverage mean?

• You pay 80% and insurance pays 20%.

• Insurance pays 80% of the deductible and you pay 20%.

• After you pay the deductible, insurance pays 80% and you pay 20%.

• The insurance pays you 80% and then pays the doctor 20%.

If you have a fully funded emergency fund you can consider__________________your stop loss on your health insurance.

• decreasing

• cancelling

• increasing

An HSA is a good idea if you have a chronic illness and to the the doctor often.

• True

• False

Young people can stay on their parents insurance policies until they are

• 18

• 21

• 23

• 26

If you have extended replacement cost on your homeowners insurance you should update it __________.

• Every other year.

• Once a year.

• Every 5 years.

• Twice a year.

This insurance will be offered to you when you buy a car by taking a loan from a bank.

• Gap insurance

• Auto insurance

• New Car insurance

• GEICO insurance

Which of the following should be covered by renter's insurance?

• A friend breaks your laptop inside the apartment.

• You get a parking ticket for parking in front of a fire hydrant.

• The refrigerator stops working and ruins your food.

• A fire damages some of your furniture.

Which of the following types of insurance is not recommended for a young single adult?

• Auto insurance

• Life insurance

• Health insurance

• Identity theft protection

Comprehensive coverage takes care of damage to your car that is not caused by a collision.

• True

• False