JEOPARDY Health Insurance basics Health Insurance Plans Government

JEOPARDY Health Insurance basics Health Insurance Plans Government Sponsored Health Plans Life Insurance Auto Insurance Coverage Miscellaneous 10 10 10 20 20 20 30 30 30 40 40 40 50 50 50

Question A (10) n Formal request for a payment on a medical bill.

Answer A (10) n What is a claim?

Question B (10) n Also known as an indemnity plan, you pay for health services as you go.

Answer B (10) n What is fee-for-service?

Question C (10) n Government sponsored program that offers low cost medical insurance for older Americans.

Answer C (10) n What is Medicare?

Question D (10) n When you die, the person you specify in your policy to receive your death benefit is called this.

Answer D (10) n What is a beneficiary?

Question E (10) n This coverage is called protection from financial loss when you are legally responsible for injuring other people.

Answer E (10) n What is bodily injury coverage?

Question F (10) n This is a federal law that requires your employer to offer to continue your health insurance coverage after you leave your job.

Answer F (10) n What is COBRA?

Question A (20) n The amount paid to an insurance company for exchange of coverage

Answer A (20) n What is a premium?

Question B (20) n The portion you pay with 80/20 coverage, and what this portion is called.

Answer B (20) n What is 20% and coinsurance?

Question C (20) n Americans with low income or disabilities, regardless of age can qualify for this type of health insurance.

Answer C (20) n What is Medicaid?

Question D (20) n This insurance pays a death benefit if the policyholder dies within a specified period of time.

Answer D (20) n What is term life insurance?

Question E (20) n Pays for medical and damage expense for your and your passengers no matter who is at fault.

Answer E (20) n What is medical payments coverage?

Question F (20) n If you are dropped from your auto insurance company, you are then labeled as this

Answer F (20) n What is an assigned risk?

Question A (30) n Medications that have the same composition as their name brand

Answer A (30) n What is Generic Drugs?

Question B (30) n A type of health insurance that is also called Prepaid Plans

Answer B (30) n What is Managed Care Plans?

Question C (30) n All states require employers to contribute to this insurance program to pay for work-related injuries

Answer C (30) n What is worker’s compensation?

Question D (30) n This insurance policy can be changed into a permanent life insurance policy at any time

Answer D (30) n What is Convertible Term Life?

Question E (30) n Pays for damage to your caused by colliding with an object or car and often carries a deductible.

Answer E (30) n What is collision coverage?

Question F (30) n Three of the four areas basic health insurance should cover.

Answer F (30) n What is Hospitalization, Surgery, Outpatient Services, Major Medical?

Question A (40) n An insurance contract

Answer A (40) n What is a policy?

Question B (40) n This is a specific amount you pay for a particular service, such as a doctor’s office visit, regardless of the cost

Answer B (40) n What is a co-payment?

Question C (40) n This program is under the Social Security Act of 1935 and provides compensation while out of work.

Answer C (40) n What is unemployment insurance?

Question D (40) n This policy provides a death benefit, plus a savings plan, and the policy lasts throughout the lifetime of the policyholder.

Answer D (40) n What is permanent life insurance. Also known as whole-life or cashvalue?

Question E (40) n Pays for medical and damage expenses caused by a driver without insurance.

Answer E (40) n What is underinsured/uninsured motorist coverage?

Question F (40) n This is a combination plan that includes a health insurance policy with a high deductible and a tax deferred savings plan

Answer F (40) n What is a Medical Savings Account?

Question A (50) n Two items most health insurance plans will not cover.

Answer A (50) n What is cosmetic surgery, duplicate benefits, experimental surgery and organ transplants

Question B (50) n The term used to describe how managed care plans control cost by paying doctors a fixed amount per patient, each year.

Answer B (50) n What is capitation?

Question C (50) n This fills in the gaps where Medicare does not cover. Sold by private insurance companies.

Answer C (50) n What is Medigap or Medicare supplemental insurance?

Question D (50) n The most common and least expensive of the permanent life insurance policies. Can borrow from savings, but not have a say in how it is invested. Cannot change % of premium, or change amount of coverage.