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Chapter 8 Sections 1-2 Questions and Vocabulary! Flashcards | StudBud
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Chapter 8 Sections 1-2 Questions and Vocabulary!
Chapter 8 Sections 1-2 Questions and Vocabulary!
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1
A tax savings account available to people enrolled in qualified high deductable health plans are ...
health savings account (HSA)
health maitenence organizations (HMOs)
point-of-service (POS) plans
preferred provider organizations (PPOs)
2
Copayment is a flat fee the patient must pay for medical services.
False
True
3
What is insurance?
a form of risk magement that pools the premiums of a large group of people.
a measure of the likelihood that something will be lost.
an amount of money regularly paid to an insurance company for a policy.
the process of measuring risk and finding ways to minimize or manage loss.
4
A speculative risk is a risk that may result in either financial gain or financial loss.
True
False
5
An illness or an injury a person has before signingup for helath-care insurance is ...
long term care
COBRA
preexisting condition
individual plans
6
The amount you must pay toward your medical expenses before your insurance company begins to pay is ...
deductible
coinsurance
inpatient
care plan
7
What is a risk?
they are a result from the possibility of losing money or other property.
they affect your personal or real property.
they affect you directly.
is a measure of the likelihood that something will be lost.
8
An amount of money regularly paid to an insurance company for a policy.
dependent
insurance
policy holder
premium
9
A person who has purchased insurance.
premium
personal risk
policy holder
dependent
10
An exclusion is a medical service that is not covered in an insurance plan.
False
True
11
Inpatient is a person whose care requires a stay in a hospital.
False
True
12
The process of measuring risk and finding ways to minimize or manage loss.
insurance
risk management
premium
risk
13
Are personal risks - risks that affect you directly?
False
True
14
Pure risk is a risk with possiblity of loss but no possibility of gain.
False
True
15
What are some examples of property risks?
car theft
house fires
terrorists attacks
cobras biting you.
16
A medical service that is not covered in an insurance plan.
exclusion
HSA
affordable care act
dependent
17
What are four strategies for dealing with risk?
Retention, avoidance, reduction, and transference
Avoidance, media, risk, and property.
Strategies, insurance, process, Cobra
Avoidance, reduction, retention, and transference.
18
A type of health-care plain which the insurance company contracts with specific doctors and doctors to deliver services.
insurance
pure risk
coinsurance
managed care plan
19
A dependent is an individual who relies on someone else for financial support.
False
True
20
A health-care plan that pays for covered medical services after treatment is provided is ...
free-for-service plan
personal risk
policyholder
inpatient
21
What is coinsurance?
the process of measuring risk and finding ways to minimize or manage loss.
a percentage of the service costs taht patients pay.
the amount you must pay toward your medical expenses.
an amount of money paid to an insurance company for a policy.
22
Sue Foster recently bought some gold to hold as an investment. What kind of risk did she incur?
pure risk
liability risk
speculative risk
personal risk
23
What are liability risks?
the possibility of losing money or other property from legal proceedings.
an amount of money paid to an insurance company for a policy.
a measure of the likelihood that something will be lost.
a form of risk management.
