Auto Insurance
This type of auto insurance covers damage to your vehicle in an accident with another vehicle.
Collision
Which metal plan would have an actuarial value of 70%
Silver Plan
What you pay to hold insurance or have an active policy
Premium
This allows you to see your medical records and keep your personal information private
HIPAA
What is covered by renters insurance?
liability and the personal belongings of the policyholder in the rented space
About how many drivers in the US are uninsured?
1 in 7
Give five things medical insurance would cover.
many examples: surgical, medical, routine/prevention, dental, eye care, ear, etc
What you pay out of pocket if something happens and you need to file an insurance claim
Deductible
a government-sponsored health insurance program for people with low incomes and limited resources
Medicaid
Who has to have homeowner's insurance by law?
Anyone who owns a home
This type of auto insurance covers you if you get into an accident with some who does not have any or enough auto insurance.
Uninsured/Underinsured Motorist
What kind of health insurance organization only covers health care provided in their facilities and requires a referral from primary care to see a specialist?
They are also associated with low costs for premiums and deductibles, and all their doctors are likely in the same building.
HMO
If you have health insurance, after you meet your deductible, you will pay a certain percent of the bill. This is called...
Co-insurance
a government-sponsored health insurance program for people over age 65
Medicare
Give an example of an item you would likely get a rider/floater for.
Jewelry, antiques, collectibles (things that could be easily removed/transported)
If you get into an accident and it is your fault, how much will you and your insurance company pay IF:
- you have a $500 deductible
- you cause $3,150 worth of damage to the other person's vehicle.
You pay $500, your insurance pays $2,650
This type of Health Insurance organization allows policyholders to choose doctors within a network. If they choose to visit another doctor, then the policyholder will need to pay more out of pocket but not the entire cost.
Usually these plans have higher premiums
PPO
This type of coverage protects your car from damage that may come from environmental factors or anything outside of a collision with another vehicle.
Comprehensive
This allows an individual to extend their medical insurance for a short period of time after leaving their job, but they must pay the entire premium.
COBRA
What type of Life Insurance is associated with a cash value?
Whole Life Insurance
If you get into an accident and it is your fault, how much will you and your insurance company pay IF:
- you have a $250 deductible
- you cause $5,500 worth of damage
- your maximum coverage is $5,000
Which type of health insurance organization is like a blend of HMOs and PPOs
EPOs
This is the name for a flat fee you pay for a specific health visit (ex. primary care visit, specialist visit)
Copay
What type of auto insurance is required by law?
Liability
Who receives the face value of a Life Insurance policy and when?
Beneficiary, when the policy holder dies