Dave Ramsey Chapter 9: The Role of Insurance

Medicare and Medicaid are examples of

• Health Savings Accounts

• Private health insurance companies

• Government programs for public health insurance

• Emergency Medical Systems

Own occupation disability insurance will pay you if you

• Can't work any job

• Can't do the job you were educated to do

• You're healthy and able-bodied

• Are older than 26 years of age

Insurance helps you transfer the _________ from your bank account to the insurance company.

• Health

• Insurance

• Money

• Risk

Getting good grades, driving safely, and driving an older car are examples of ways you can

• Lower your auto insurance costs

• Avoid getting into an accident

• Raise your monthly premiums

• Pass your driver's ed test

Disability insurance isn't intended to make you ____ but to ____ when you need it.

• A millionaire; keep you poor

• Hungry; keep food on your table

• Poor; make you rich

• Rich; pay your bills

_______ will provide money to replace lost income for years—even up to retirement.

• Long-term disability

• Identity theft protection

• Necessary insurance

• Short-term disability

Most insurance companies allow a _______, during which you can pay your premium before you lose your coverage.

• Claim

• Long-term disability insurance

• Out-of-pocket maximum

• Grace period

Through the Affordable Care Act, you can stay on your parents' health insurance until

• You turn 26 years old

• You turn 18 years old

• You get married

• You move out of the house

What is a deductible?

• The amount of money you pay for your insurance policy every month.

• When you report an incident and ask to be compensated for the cost.

• The amount you have to pay before the insurance company will make a payment.

• The amount of money the insurance company agrees to pay.

Don't get sucked into the __________ scam.

• Self-insurance

• Whole life insurance

• Term life insurance

• Health care