WorksheetsUnit 6 Quiz Review
Total questions: 7
Worksheet time: 17mins
Match the following
a document detailing the terms and conditions of a contract of insurance
Policy
B. a set amount of money that the insured or policyholder will be required to pay out of pocket before the insurance company will pay a claim
Deductible
the amount paid to keep the policy active
Premium
a fixed amount paid for a healthcare service, usually at the time of service
Copayment
the person who will receive the proceeds and is protected from the financial impact and hardship due to the death of the insured individual
Beneficiary
What is the difference between a deductible and a premium?
A deductible is the maximum amount you are responsible for paying in a given year. A premium is the amount you pay for additional coverage beyond what is provided by your basic insurance policy.
A deductible is the amount you pay before your insurance coverage begins. A premium is the amount you pay for each covered medical service after meeting your deductible.
A deductible is the amount you pay for each covered medical service after meeting your premium. A premium is the amount you pay before your insurance coverage begins.
A deductible is the amount you pay before your insurance coverage begins. A premium is the amount you pay monthly or yearly to maintain insurance coverage.
Which of the following statements about health insurance is correct? Select all that apply.
Health insurance is provided by the government for anyone over the age of 25.
Health insurance may be provided by an employer.
Health insurance is provided by the doctor's office.
Health insurance can be purchased at the health insurance marketplace.
Match the description to the correct type of insurance.
protects the family against financial loss due to a family member's death, which only has value if the policyholder dies during the policy term
Term Life Insurance
protects the family against financial loss due to a family member's death, which also has a savings feature
Whole Life Insurance
provides protection against financial loss from medical bills, including coverage for out-of-network doctors
PPO Health Insurance
provides protection against financial loss from medical bills, which requires the insured person to select a primary care provider
HMO Health Insurance
helps cover the costs of visits to the veterinarian
Pet Insurance
Brienne has an annual income of $38,900 . She wants to get life insurance to provide for her spouse and three children. How much coverage should be purchased?
$789,000
$1,289,900
$689,000
$389,000
Gustavo's insurance policy has a monthly premium of $80, a deductible of $500, and does not include coinsurance. The policy has a $5,000 limit. After having the policy for 3 months, an accident occurs with damages of $1,550.
How much will Gustavo have paid for insurance and the deductible, and how much will the insurance pay?
A. Gustavo has paid $500 and the insurance will pay $1,050
Gustavo has paid $740 and the insurance will pay $1,050
Gustavo has paid $580 and the insurance will pay $970
Gustavo has paid $740 and the insurance will pay $810
Which plan would be the best deal, or cost the least, for all of your dental needs?
In-office Plan A
No Insurance
HMO Insurance
