A _______ is a fee you pay when you receive a covered medical service, while a _______ is the amount you must pay out of pocket before your insurer begins paying.

Health insurance deductibles are based on a _______ year rather than per incident. Some plans waive deductibles for preventive services like _______ or _______.

_______ requires the policyholder to pay a percentage of medical costs after the deductible is met, usually ranging from 10% to 30%.

The _______ is the annual limit on how much you have to pay in deductibles and coinsurance before your insurance pays 100%.

Most insurers limit payments based on the average local rate for services. These are called _______ and _______ charges.

Using providers within your insurance company’s network is called using _______ providers. If you go outside of the network, you may pay _______ or even the full cost.

The three main ways people obtain health insurance are through _______ , _______ purchases, or _______ programs.

Since 2015, employers with more than _______ full-time employees must offer health insurance.

The Affordable Care Act created the _______ , found at _______ , to make comparing health insurance plans easier.

Plans are categorized as _______ , _______ , _______ , or _______ levels, depending on coverage and cost.

_______ are government payments that help lower-income individuals pay part of their premium cost.

PPO: Allows visits to in- or out-of-network providers without a _______.

POS: Requires a primary physician who provides _______ to specialists.

HMO: Limits care to providers who work for or contract with the plan; usually no coverage for _______ care.

EPO: Similar to an HMO, but does not require a _______ physician.

A _______ health insurance plan has low monthly premiums and very high deductibles and is available only to people under 30 or those with financial hardship.

A _______ combines a high deductible with a Health Savings Account (HSA), allowing individuals to pay medical expenses with pre-tax dollars.

Government health insurance programs include _______ for older adults and _______ for low-income individuals. The _______ program provides low-cost insurance for children in families that earn too much for Medicaid.

The annual period during which you can add, drop, or change your insurance coverage is called _______ enrollment. If you have a major life event such as marriage or moving, you may qualify for _______ enrollment.

Young adults can stay on their parents’ insurance plan until age _______.

_______ allows employees to continue their employer-provided health insurance for a limited time after losing coverage, but they must pay the full premium themselves.

A _______ Spending Account (FSA) allows employees to set aside pre-tax dollars for eligible medical expenses. However, most plans do not allow funds to _______ from year to year.

Prescription drug plans typically require a _______ that depends on whether the drug is brand name or generic.

_______ insurance covers eye exams and glasses, while _______ insurance covers routine exams and cleanings.

If a claim is denied, you can file an _______ with your insurance company. If it is denied again, you may request an _______ review by a third party.

Life insurance provides financial protection for your _______ in the event of your death.

Experts recommend adults with dependents purchase between _______ and _______ times their annual income in life insurance.

_______ life insurance lasts for a specific period and pays benefits only if the insured dies during the term.

_______ life insurance combines insurance coverage with an investment or savings component.

_______ life insurance is offered through employers or professional organizations and usually does not require a physical exam.

_______ life insurance pays off a specific loan balance if the insured dies before the loan is repaid.

Factors that affect life insurance premiums include age, health, sex, health history, lifestyle, occupation, and _______.

The person or organization that receives the payout from a life insurance policy is called the _______.

Disability insurance provides income if you are unable to work due to _______ or _______.

_______ Compensation covers work-related injuries and illnesses.

The federal government provides disability benefits through _______ and _______ programs.

Private disability income insurance typically replaces between _______% and _______% of a worker’s previous income.

_______ disability insurance covers shorter periods, while _______ disability insurance provides income replacement for several years or until retirement age.

What is the main purpose of insurance?