WorksheetsInsurance Vocabulary - Health, Life and Disability
Total questions: 18
Worksheet time: 9mins
A form of protection that eases the financial burden people may experience as a result of illness or injury is called _________.
Health insurance
Car insurance
Home insurance
Life insurance
The percentage of the medical expenses the policy holder must pay in addition to the deductible amount is called _________.
Coinsurance
Premium
Copayment
Out-of-pocket maximum
An insurance policy provision that requires the policyholder to pay all costs up to a certain amount, after which the insurance company pays 100% of the remaining expenses covered in the policy is called _________?
Stop-loss
Deductible
Co-payment
Premium
A flat fee that you pay every time you receive a covered service is called _________.
Co-payment
Deductible
Premium
Coinsurance
An insurance company that provides hospital care benefits is called _________.
Blue Cross
Blue Shield
Aetna
MetLife
An insurance company that provides benefits for surgical and medical services performed by physicians is called _________.
Blue Shield
Medicare
HMO
Workers' Compensation
Prepared health plans that provide comprehensive health care to their members are called _________.
Managed care
Fee-for-service plans
Catastrophic health plans
Indemnity insurance
A health insurance plan that directly employs or contracts with selected, or preapproved, physicians and other medical professionals to provide health care services in exchange for a fixed, prepaid monthly premium is called _________?
Health Maintenance Organization (HMO)
Preferred Provider Organization (PPO)
Point of Service (POS) Plan
Exclusive Provider Organization (EPO)
A group of doctors and hospitals that agree to provide specified medical services to members at prearranged fees is called _________.
Preferred Provider Organization (PPO)
Health Maintenance Organization (HMO)
Exclusive Provider Organization (EPO)
Point of Service Plan (POS)
A health insurance plan that combines features of both HMOs and PPOs is called _________.
Point-of-service (POS) plan
Exclusive Provider Organization (EPO) plan
High Deductible Health Plan (HDHP)
Fee-for-Service (FFS) plan
A federally funded health insurance program available mainly to people over 65 and to people with certain disabilities is called _________.
Medicare
Medicaid
CHIP
TRICARE
A medical assistance program offered to certain low-income individuals and families is called _________.
Medicaid
Medicare
CHIP
Social Security
Coverage that provides regular cash income when you are unable to work due to a pregnancy, non-work-related accident, or illness is called _________.
Disability income insurance
Life insurance
Homeowners insurance
Automobile insurance
A person named to receive the benefits from an insurance policy is called a _________.
Beneficiary
Insurer
Agent
Underwriter
Insurance that provides protection against loss of life for only a specified term, or period of time, also called temporary life insurance, is called _________.
Term insurance
Whole life insurance
Endowment policy
Universal life insurance
A permanent policy for which you pay a specified premium each year for the rest of your life is called _________.
Whole life insurance
Term life insurance
Universal life insurance
Endowment policy
In a whole life policy, the accumulated savings to which you are entitled when and if you cancel the policy is called _________.
Cash value
Premium
Dividend
Face amount
Life insurance that provides coverage for a specific period of time and pays a sum of money to the policy holder if he or she is living at the end of the endowment period is called _________.
Endowment
Whole Life
Term Life
Universal Life
