Personal Finance - 9-vb2

coverage for an individual’s (or family‘s) medical expenses from illness or injury

• health insurance

• Affordable Care Act

• subsidizing

• Health Insurance Marketplace

also known as Obamacare; the health care reform law enacted in 2010, intended to make affordable health insurance more available

• health insurance

• Affordable Care Act

• subsidizing

• Health Insurance Marketplace

the practice of employers paying for a portion of their employees‘ insurance premiums

• health insurance

• Affordable Care Act

• subsidizing

• Health Insurance Marketplace

a platform where individuals, families, and small businesses can compare health insurance plans

• health insurance

• Affordable Care Act

• subsidizing

• Health Insurance Marketplace

a health plan with a high minimum deductible for medical expenses

• High Deductible Health Plan

• Health Savings Account

• Lifetime Limit

• beneficiaries

a tax-exempt savings account dedicated to health care costs; only available for individuals on a high-deductible health plan (HDHP

• High Deductible Health Plan

• Health Savings Account

• Lifetime Limit

• beneficiaries

the maximum amount of lifetime benefits a person can receive from their insurance company

• High Deductible Health Plan

• Health Savings Account

• Lifetime Limit

• beneficiaries

people who are designated by the policyholder to receive the death benefit of a life insurance policy

• High Deductible Health Plan

• Health Savings Account

• Lifetime Limit

• beneficiaries

benefit paid to the beneficiaries after the policyholder dies

• death benefit

• term life insurance

• whole life insurance

• self-insured

life insurance for a specified amount of time; at the death of the policyholder, the insurance company pays the death benefit to the beneficiaries

• death benefit

• term life insurance

• whole life insurance

• self-insured