| A | B |
|---|
| PPO | Deductibles and premiums are usually higher, but this type of care comes with greater flexibility. |
| HDHP | The critical piece of this type of managed plan is the size of the deductible and Health Savings Plan attached. |
| HMO | This managed plan known for lower premiums but restricts network of doctors and hospitals. |
| lower | The higher your deductible, the ___ your premiums. |
| beneficiary | A person or institution that is named to receive the benefits on an insurance policy. |
| Property Damage Liability | Coverage will pay for damages to others' property caused by you in an auto accident. |
| Bodily Injury Liability | Coverage will pay for hospitalization, loss of income, and pain & suffering caused by you in an auto accident. |
| True | True or False - Insurance is a form of risk management. |
| COBRA | Federal law that allows ex-workers to temporarily continue health insurance coverage. |
| medical payments | Coverage that pays for medical bills of the policyholder when injured in an auto accident. |
| exclusion | absence of coverage on a particular item or event. |
| premium | payment made to purchase an insurance policy |
| Obamacare | The Affordable Care Act |
| pre-existing | A medical condition that was present prior to the policy holder obtaining the insurance. |
| collision | Coverage that pays up to fair market value for the policyholder's car when damaged in an accident. |
| comprehensive | Coverage that pays to replace the policyholder's stolen Honda Accord. |
| medicare | Federal health care program that provides health insurance to senior citizens. |
| coinsurance | Expressed as a percentage that indicates how you and the insurance company will share charges after deductibles. |
| co-pay | A flat dollar amount paid each time you go to a doctor. |
| homeowner's personal property coverage | Provides coverage for a toy train collection. |
