Definitions for health and life Insurance

The amount of money you must pay each year before the insurance company pays anything?

• Deductible

• Co-insurance

• Medicare

• Co-payment

Federal program that provides insurance for those 65 or older or disabled?

• Medicare

• Medicaid

• Insured

• Insurer

Portion of the cost of service to be paid by the insured (a set dollar amount to be paid each time you see the doctor)?

• Premium

• Co-payment

• Health insurance policy

• Group Insurance

The policy holder or subscriber

• Insurer

• Term

• Insured

• Beneficiary

What is Worker compensation?

• 
  Federal health insurance program administered by each state for persons with income below the poverty level

• 
  Purchased by an organization for the benefit of members

• A government program for children of low income families

• A state program established to pay the medical cost and lost wages associated with work related injuries

Health insurance policy is

• 
  Insurance which covers your health, teeth and eye

• 
  A law which allows you insurance even if you lose your job

• A contract between you and an insurance company

• 
  A policy you purchase only for children

Premium

• Fee paid for the health insurance coverage

• Percentage of the allowed amount that is the patients responsibility.

• Purchased by an organization for the benefit of members

• 
  Portion of the cost of service to be paid by the insured

Co-insurance

• A policy purchased by an individual

• Percentage of the allowed amount that is the patients responsibility (for instance, the 20% not covered by insurance)

• 
  Treatment of conditions not covered by the insurance policy

• Fee paid for the health insurance coverage

Medicaid

• 
  Fee paid for services rendered

• Federal health insurance program administered by the state for people with income below the poverty level

• 
  Federal health insurance for the elderly

• Health insurance for members of the military and their families

Group Insurance

• 
  Insurance offered by the government

• 
  Insurance policy an individual must purchase on their own

• 
  Insurance offered to a special group of people

• 
  Insurance coverage offered to employees by the employer