choose your insurance
It's time for your yearly physical with your doctor. This insurance will cover the costs, even if you have not met your deductible.
What is health insurance
In most states, this is the only required coverage for car insurance
What is Liability coverage?
This is the money you have to pay out of pocket before the insurance company pays for things
What is a deductible?
Your insurance company may ask you to pay this in the form of a fixed percentage of the costs, followed by the insurance paying the remaining percentage.
what is co-insurance?
Your hospital bill is $550, and you have a $600 deductible that you have not paid. How much will YOU have to pay? How much will insurance pay?
you: $550
insurance: $0, but you only have $50 left before you meet your deductible
The house you bought had a grease fire that damaged the kitchen and living room before local firefighters put it out. This insurance would pay for the repairs and replacement of items that were destroyed.
This type of insurance does not have a coverage limit; it instead employs other ways to share the cost with the policy holder
What is Health insurance
This is how much you have to pay the insurance company each month to continue your coverage, like a subscription fee
What is a premium or rate?
Your insurance company may ask you to pay this fixed amount on certain covered expenses, like prescriptions or tests
What is a co-pay?
You need to get $1800 worth of repairs to your car, you have car insurance with an unpaid deductible of $300. How much will you pay? How much will insurance pay?
insurance: $1500
You have a well-paying job and a family that depends on your income to pay the bills. To ensure that your family is taken care of financially when you die, you would want to purchase this kind of insurance.
What is life insurance?
Renter's insurance has two kinds of coverage, one is actual cost value and this is the other one
What is replacement cost value?
This term represents what is included in the insurance policy, it can be standard and supplementary
What is coverage?
once you reach this limit, you do not have to pay for any covered health care expenses for the rest of the year.
What is an out of pocket maximum?
You broke your leg! Your hospital bill is for $10,000, your $400 deductible is already paid, but you do have a %20 co-insurance for this bill.
How much will you have to pay? How much will insurance pay?
You pay: $2,000
insurance pays: $8,000
You've had surgery and will not be able to return to work (or receive paychecks!) for quite a while as you recover; this kind of insurance will pay your bills.
This type of institution typically requires homeowners to purchase a homeowners' insurance policy
What are banks?
This is the contract that you make with the insurance company that outlines what they will pay for, how much they will pay, etc.
what is a policy?
This kind of health care is government-funded to support low-income Americans
What is Medicaid?
There was a fire in your home! It will cost $200,000 to repair. According to your policy, your unpaid deductible is $3,000, and you have coverage for $190,000 in damages. How much will you have to pay? How much will insurance pay?
You pay: $10,000
insurance pays: $190,000
In your old age, you require continuous medical support like a nurse or an assisted living facility, but don’t need to be in the hospital. This insurance will cover the costs.
What is Long-Term Care Insurance
standard health care coverage will help you with medical bills, except for these 2 kinds of health care, which require supplemental insurance.
What is dental and vision care?
When you own an insurance policy, you are called this
What is OHP?
You had to get expensive surgery! The surgery costs $20,700, you have a $700 deductible you have not paid, and you have to pay a 10% co-insurance on the remaining costs. How much will you have to pay?
You pay: $2,700
Insurance pays: $18,000