Financial Literacy Insurance Review

Question 1

Health insurance is only for people who are old.

Accepted Answer

False

Question 2

Life insurance that is good for 20 or 30 years.

Accepted Answer

term life

Question 3

Insurance that is paid when a person is unable to work

Accepted Answer

Disability

Question 4

What is the name of the insurance that gives people who leave their current job health coverage

Accepted Answer

COBRA

Question 5

Insurance that people pay a predetermined amount for medical services for in-network providers.

Accepted Answer

HMO

Question 6

What is a rider on an insurance policy

Accepted Answer

Additional coverage on items not covered by the policy

Question 7

Government health insurance for low income or limited resource citizens.

Accepted Answer

Medicaid

Question 8

Which form of insurance covers medical and surgical expenses

Accepted Answer

Health

Question 9

Government health insurance for people 65 and older.

Accepted Answer

medicare

Question 10

What does supplemental health insurance do?

Accepted Answer

Pays high deductibles, co-pays and medical fees

Questions 10