Sweeney Financial Literacy ch. 9

If a driver receives several traffic tickets, the cost of the car insurance will probably

• Increase

• Stay the same

• Be billed monthly

• Decrease

Two types of life insurance policies are

• General and fixed-rate

• Term and whole life (permanent)

• Valuable and indemnified

• Annual and tax exempt

 A __________ refers to a health condition that existed before one’s insurance policy  was granted.

• Deductible

• Pre-existing condition

• Indemnity

• Premium

The federal government provides two health care plans, Medicare and______________, 

     which are available to some individuals .

• Medicaid

• PPACA

• HMO

• PPO

 If your health insurance policy has a $500 annual deductible, you will pay the first ____ worth  of medical expenses in any given year.

• $250

• $1,000

• $2,000

• $500

According to the _____________, passed in 2010, individuals not covered by other insurance options must buy insurance or pay a penalty.

• TCJA

• PPACA

• PPO 

• HSA

A government-sponsored program designed to provide health insurance for low-income individuals is called_______________

• Sponsorship

• Co-insurance

• Social security

• Medicaid

The legislation  that ensures you can transfer jobs and still gain access to health insurance  your new job is known as _____________.

• COBRA

• FICA

• PPO

• HIPAA

You can purchase disability insurance from several sources but buying it through your__________ is usually the cheapest option.

• Bank

• Doctor

• Employer

• School

 Medicare Part A covers ___________ at no cost to individuals who are 65 or older or who are disabled.

• Doctor visits

• Prescriptions

• Hospital Insurance

• Taxes