Insurance
Certain insurance that covers your car.
What is Auto Insurance
This is a monthly “membership” to have access to medical care.
What is Insurance?
Term for uncertainty about the outcome.
What is risk?
Account with pre-taxed funding for medical expenses
What is Flexible Spending Account (FSA)?
Name for a cost that you have to pay by yourself
What is OUT-OF-POCKET?
Certain insurance that covers your medical appointments and procedures.
What is Health Insurance?
Name for a contract between you and the insurance company.
What is Policy?
Term for a source of risk.
What is exposure?
Account for those with qualified high-deductible health insurance plans?
What is Health Savings Account (HSA)?
When you handle risk by not going in for the surgery at all.
What is Avoid?
Certain insurance that covers your family’s expenses in the event of your death.
What is Term Life Insurance?
Name for the amount that a customer must pay before insurance kicks in.
What is a Deductible?
Term describing an event that can cause financial loss.
What is Peril?
Account with employer-provided funding for qualified medical expenses.
What is Health Reimbursement Account (HRA)?
When you handle risk by giving the cost over to your insurance company to pay.
What is TRANSFRER?
Certain insurance that covers you during a disabling injury or illness.
What is Long-Term Disability Insurance?
Name for the base cost of insurance.
What is a Premium?
Term for a condition that increases probability of peril.
What is Hazard?
Use this type of account or lose it!
What is Flexible Spending Account (FSA)?
you handle risk by paying your deductible first, then having insurance pay the rest.
What is REDUCE?
Certain insurance that covers in-home service needs such as skilled nursing care or rehabilitation therapy.
What is Long-Term Care Insurance.
You pay this percentage of medical costs after you’ve reached the deductible
What is Coinsurance?
A visual tool depicting potential risks
What is the Risk Matrix.
The employer determines amount and expiration dates for this type of account.
What is Health Reimbursement Account (HRA).
When you handle risk by paying for the out-of-pocket costs for a surgery.
What is ACCEPT?