Ins. Basics
The insurance agreement between you and the company is called a
Policy
This type of insurance is required in the state of Vermont
Liability
When everyone in a country is covered, it is called __________ health care.
Universal
Brackets
What kind of tax does VT have that Florida does not?
Income Tax
The monthly payment you make
Premium
True/False: Insurance is cheaper if you are a good student
True
Tax-Funded, Government Run and Delivered Health Care is what model?
Beveridge
All people pay the same tax rate in this type of system
Proportional
Three types
The amount you have to pay before insurance kicks in
decuctible
True/False: The color of the car affects the insurance rate
Tax Funded, private administered health care is what model?
National Health
High income earners pay a higher tax rate in this type of system
Progressive
What is the tax called on your assets that your children have to pay when you die?
The type of relationship between premium and deductible
inverse
This group of people pays the most for car insurance
Young Men
Everybody pays for their own health care is this model
out of pocket
High income earners pay a lower tax rate in this type of system
Regressive
How much money can you give someone this year without reporting it (this is the 2025 Gift Tax Exclusion)
$19,000
the type of policy that kicks in if you have exhausted the limits of your basic policies
Umbrella
This person uses statistics to set insurance rates
Actuary
What type of health care assistance is set to expire in the US at the end of this year?
Health Care subsidies
You can reduce your taxable income by taking these when you complete your taxes
deductions
This country has the highest marginal personal tax rate
Denmark: 56%