Insurance
More Insurance
Risk
Accounts
Handling Risk
100

Certain insurance that covers your car.

What is Auto Insurance

100

This is a monthly “membership” to have access to medical care.

What is Insurance?

100

Term for uncertainty about the outcome.

What is risk?

100

Account with pre-taxed funding for medical expenses

What is Flexible Spending Account (FSA)?

100

Name for a cost that you have to pay by yourself

What is OUT-OF-POCKET?

200

Certain insurance that covers your medical appointments and procedures.

What is Health Insurance?

200

Name for a contract between you and the insurance company.

What is Policy?

200

Term for a source of risk.

What is exposure?

200

Account for those with qualified high-deductible health insurance plans?

What is Health Savings Account (HSA)?

200

When you handle risk by not going in for the surgery at all.

What is Avoid?

300

Certain insurance that covers your family’s expenses in the event of your death.

What is Term Life Insurance?

300

Name for the amount that a customer must pay before insurance kicks in.

What is a Deductible?

300

Term describing an event that can cause financial loss.

What is Peril?

300

Account with employer-provided funding for qualified medical expenses.

What is Health Reimbursement Account (HRA)?

300

When you handle risk by giving the cost over to your insurance company to pay.

What is TRANSFRER?

400

Certain insurance that covers you during a disabling injury or illness.

What is Long-Term Disability Insurance?

400

Name for the base cost of insurance.

What is a Premium?

400

Term for a condition that increases probability of peril.

What is Hazard?

400

Use this type of account or lose it!

What is Flexible Spending Account (FSA)?

400

 you handle risk by paying your deductible first, then having insurance pay the rest.

What is REDUCE?

500

Certain insurance that covers in-home service needs such as skilled nursing care or rehabilitation therapy.

What is Long-Term Care Insurance.

500

You pay this percentage of medical costs after you’ve reached the deductible

What is Coinsurance?

500

A visual tool depicting potential risks

What is the Risk Matrix.

500

The employer determines amount and expiration dates for this type of account.

What is Health Reimbursement Account (HRA).

500

When you handle risk by paying for the out-of-pocket costs for a surgery.

What is ACCEPT?

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