Math of Finance Health Insurance S2

______________ insurance provides financial protection against overwhelming medical expenses

• Health

• Car

• Comprehensive

• Medical

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

CCSS.RI.8.3

A(n) _________ is the amount of money you must pay each year before your insurance company starts paying

• life

• beneficiary

• deductible

• health

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

CCSS.RI.8.3

_______________ requires you to pay either a set amount or a certain percent of medical expenses

• co-insurance

• co-payment

• life term

• term life

__________ insurance is financial protection for a family in case the main source of income dies

• life

• term

• medical

• health

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

CCSS.RI.8.5

What is the monthly cost of your insurance called?

• co-pay

• deductible

• premium

• co-insurance

What is a fixed amount you pay for a service, such as $25 for office visits?

• co-insurance

• co-pay

• premium

• claim

Tags

CCSS.HSA-SSE.A.1A

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

• deductible

• premium

• owed amount

• co-insurance

What does HMO stand for?

• Health Maintenance Organization

• Health Managed Organization

• Health Maintained Operation

• Health Managed Operation

What does PPO stand for?

• Preferred Plan Operation

• Preferred Provider Organization

• Preferred Practice Organization

• Preferred Participation Operation

Until what age can you stay on your parent's health insurance plan under the Affordable Care Act (ACA)?

• 18 years old

• 21 years old

• 26 years old

• 30 years old