Name that Insurance
A form of protection that eases the financial burden people may experience as a result of illness or injury
Health Insurance
A flat fee of around $25-$60 that you pay every time you receive a covered service.
Co-Pay
What are the 4 parts of Medicare?
The percentage of the medical expenses the policy holder must pay in addition to the deductible amount
Coinsurance
This insurance would cover glasses, eye examinations, contact lenses, eye surgery and treatment of eye disease
Vision Care Insurance
Provides coverage for the expense of daily help that you need if you become seriously ill or disabled and are unable to care for yourself
Long Term Care
The set amount that must be paid toward medical expenses by the insured before the insurance starts paying benefits
Deductible
Low cost coverage for low- income individuals and families
Medicaid
If your policy has a stop loss limit, after you have reached that limit the insurance company covers _____ % of any additional cost.
100%
This pays benefits when you are hospitalized
Hospital Indemnity Policy
Directly Employs of contracts with selected physicians and other medical professionals to provide health care services in exchange for a fixed, monthly premium
Health Maintenance Organization (HMO)
When you let your Insurance Company make direct payments to your doctor or hospital you are ________________
Assigning Benefits
Medicare Part D covers ________________
Prescription Drugs
A group of Doctors and hospitals that agree to provide specified medical services to members at prearranged fees
Preferred Provider Organization
Prepaid health plans that provide comprehensive health care to their members
Managed Care
Worker’s Compensation Insurance would cover an injury which occurred where?
On the job/ At Work
Name 3 Major Provisions in Health Insurance Policy:
Eligibility, Assigned Benefits, Internal Limits, Copayment, Service Benefits, Benefit Limits, Exclusions and Limitations, Guaranteed Renewables, Cancellation and termination
Medicare is for people over what age?
65
Money in this type of Account can be used to pay medical expenses with tax free dollars and unspent funds can be carried over and accumulate year to year
HSA
Health Insurance Coverage that takes up where basic health insurance coverage leaves off
Major Medical Expense
HMO
This provision means that the insurer can’t canel the policy unless you fail to pay the premiums. It also forbids insurers from raising individual premiums unless they raise al premiums for all members of your group
Guaranteed Renewable
What government/public source would provide disability benefits?
Social Security
HSA can only be used in __________ deductible policies
High
Jane has been diagnosed with MS and will not be able to work again in the foreseeable future. What insurance would pay for her to receive benefits for not being able to work?
Disability insurance