untitled

What is the monthly cost of your insurance called?

• co-pay

• deductible

• premium

• co-insurance

The amount you must pay before your health insurance begins to pay is called

• deductible

• premium

• owed amount

• co-insurance

What is a co-payment (co-pay)?

• coordination of benefits

• portion of the cost of service to be paid by the insured (a set dollar amount)

• term of conditions not covered by the insurance company

• provider bill for service

What is a provider?

• federal program that provides insurance for the elderly

• a health professional, such as a doctor or specialist, who provides services

• treatment of conditions not covered by the insurance company

• comprehensive health benefit program

Insured

• The policy holder or subscriber
• Fee paid for the health insurance
• A person designated to receive the benefits of an insurance policy
• The insurance company

Group Insurance

• Insurance coverage offered to employees by the employer
• Insurance policy an individual must purchase on their own
• Insurance offered by the government
• Insurance offered to a special group of people

Health Insurance

• Portion of the cost of service to be paid by the employer
• Protection against financial lost by unplanned health related events
• Treatments for conditions not covered by insurance policies
• Services rendered by providers

A formal request to an insurance company asking for a payment when the policyholder has an accident, illness or injury

• emergency savings

• coverage

• employee benefits

• Claims

Most experts in personal finance say that everyone should have life insurance no matter what age you are.

• False

• True

The type of insurance that provides protection against financial loss from medical bills is called

• health insurance

• coinsurance

• Premium

• life insurance