Insurance
Flashcard
•
Other
•
9th Grade
•
Easy
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20 questions
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1.
FLASHCARD QUESTION
Front
The amount you must pay on a claim before the insurance company will pay.
Back
Deductible
2.
FLASHCARD QUESTION
Front
A payment made monthly, twice a year, or yearly, for an insurance policy.
Back
Premium
3.
FLASHCARD QUESTION
Front
The amount of money an insurance policy holder must pay on a claim before the insurance company begins to pay. The higher this is, will usually result in a lower premium.
Back
Deductible
4.
FLASHCARD QUESTION
Front
A set dollar amount you agree to pay each time you receive medical treatment, while the insurance company agrees to cover the rest
Back
Copay
5.
FLASHCARD QUESTION
Front
The amount paid for insurance is the
Back
premium
6.
FLASHCARD QUESTION
Front
The type of insurance that provides protection against financial loss from medical bills is called
Back
health insurance
7.
FLASHCARD QUESTION
Front
Joe feels like he is having a heart attack (chest pain, trouble breathing, and sweating). How much would his co-pay be?
Back
$300
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