TYPES OF INSURANCE STUDY GUIDE QUIZ
Authored by KHANYA SIGWELA
Business
12th Grade
Used 1+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
43 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of "Premium" in health insurance? The monthly fee you pay to have _________?
health insurance
a gym membership
car insurance
a credit card
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of 'Deductible' in health insurance? The amount you must pay out-of-pocket before your insurance starts covering _________.
expenses
premiums
deductions
taxes
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of "Copayment (Copay)" in health insurance? A fixed fee you pay for medical services after meeting your _________.
deductible
premium
coverage
network
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of "Coinsurance" in health insurance? A percentage of costs you pay after reaching your _________?
deductible
premium
copayment
out-of-pocket maximum
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of "Out-of-Pocket Maximum" in health insurance? The most you pay in a year before your insurance covers 100% of your _________?
costs
deductibles
premiums
co-payments
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of 'Actuarial Value' in health insurance? The percentage of total average costs your insurance will _________?
cover
increase
delay
ignore
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the definition of "Catastrophic Plan" in health insurance? A low-premium plan for people under 30 or with financial hardship. It covers serious illness or injury, not ________ care.
routine
emergency
specialty
preventive
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Classlink
Continue with Clever
or continue with
Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
39 questions
Accounting Part 1 Review
Quiz
•
9th - 12th Grade
40 questions
Venture: Entrepreneurial Expedition Lesson 1&2
Quiz
•
9th - 12th Grade
39 questions
Unit 20 (Firms) (IGCSE)
Quiz
•
10th Grade - University
40 questions
ESB- Domain 1: Entrepreneurial and Small Business Concepts
Quiz
•
9th - 12th Grade
38 questions
FBLA Economics
Quiz
•
9th - 12th Grade
40 questions
Business Essentials 2.01 - 2.02 Review
Quiz
•
9th - 12th Grade
47 questions
Business letter review
Quiz
•
11th - 12th Grade
44 questions
Business Finance Terms
Quiz
•
12th Grade
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
29 questions
Alg. 1 Section 5.1 Coordinate Plane
Quiz
•
9th Grade
22 questions
fractions
Quiz
•
3rd Grade
11 questions
FOREST Effective communication
Lesson
•
KG
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade