Mrs.A FL Unit 2 Risk/Insurance

Question 1

The total amount you pay for covered health care services before your insurance plan starts to pay.

Accepted Answer

Deductible

Question 2

Private insurance that protects your income if you are too injured to work.

Accepted Answer

Disability

Question 3

What is NOT a factor that can affect health insurance premiums?

Accepted Answer

Race

Question 4

The amount paid for an insurance policy =

Accepted Answer

Premium

Question 5

Why do people buy insurance?

Accepted Answer

Insurance covers risks people can’t prepare for on their own

Question 6

Money paid out of pocket before insurance covers the remaining costs =

Accepted Answer

Deductible/Co-pay

Question 7

A fixed amount you pay for a covered health care service (ex: $25 for a doctor’s visit).

Accepted Answer

Copay

Question 8

Medicare is for someone 65 or older. Medicaid is for low income persons.

Accepted Answer

True

Question 9

A contract for coverage plans to protect against financial loss or damage =

Accepted Answer

Insurance Policy

Questions 9