Personal Finance Chapter 14
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Beneficiary | A person named to receive the benefits from an insurance policy
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| Blue Cross | An insurance company that provides hospital care benefits
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| Blue Shield | An insurance company that provide benefits for surgical and medical services performed by physicians
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| Cash Value | In a whole life policy, the accumulated savings to which you are entitled when and if you cancel the policy
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| Coinsurance | The percentage of the medical expanses the policyholder must pay in addition to the deductible amount
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| Co-Payment | A flat fee that you pay every time you receive a covered service
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| Disability Income Insurance | Coverage that provides regular cash income when you are unable to work due to a pregnancy, non-work-related accident, or illness
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| Endowment | Life insurance that provides coverage for a specific period of time and pays a sum of money to the policyholder if he or she is living at the end of the endowment period
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| Health Insurance | A form of protection that eases the financial burden people may experience as a result of illness or injury
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| Health Maintenance Organization (HMO) | A health insurance plan that directly employs or contract with selected, or preapproved, physicians and other medical professionals to provide health care services in exchange for a fixed, prepaid monthly premium
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| Managed Care | Prepaid health plans that provide comprehensive health care to their members
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| Medicaid | A medical assistance program offered to certain low-income individuals and families
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| Medicare | A federally funded health insurance program available mainly to people over 665 and to people with certain disabilities
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| Point-of-Service (POS) Plan | A health insurance plan that combines features of both HMOs and PPOs
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| Preferred Provider Organization (PPO) | A group of doctors and hospitals that agree to provide specified medical services to members that prearranged fees
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| Stop-Loss | An insurance policy provision that requires the policyholder to pay all cots up to a certain amount, after which the insurance company pays 100 percent of the remaining expenses covered in the policy
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| Term Insurance | Insurance that provides protection against loss of life for only a specified term or period of time, also called temporary life insurance
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| Whole Life Insurance | A permanent policy for which you pay a specified premium each year for the rest of your life
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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