Insurance

Each of these are considered an "out of pocket" expense EXCEPT:

• Your monthly premium

• A copay to fill a prescription

• A $1000 deductible if you're in an accident

• Excess bills from an accident once you've gone over your maximum coverage limit.

If someone breaks into your car and smashes the window, what type of insurance do you need?

• Bodily injury Liability

• Property Liability

• Collision

• Comprehensive

Medicaid generally helps which group of people?

• Elderly or disabled

• Low-income households

• Anyone who buys from the Marketplace

• Employees who work for government

Which is typically cheaper for younger people?

• Whole Life Insurance

• Term Life Insurance

• Credit Life Insurance

• Universal Life Insurance

What is the purpose of insurance?

• To eliminate the need for emergency savings

• To make individuals wealthy after a loss

• To avoid all types of risk entirely

• To transfer risk to an insurance organization