Health Insurance Flashcard

Front

What are the three main types of health coverage?

Back

Major medical coverage, HMOs, PPOs

Front

What is a characteristic of group health care plans?

Back

Offered through employers

Front

What does disability insurance cover?

Back

A percentage of your salary if you are unable to work

Front

What does life insurance provide if others depend on your salary?

Back

Financial support in case you die

Front

What does term life insurance provide?

Back

Protection for your dependents for a set number of years

Front

What is a feature of whole life insurance?

Back

Provides protection throughout your life as long as premiums are paid

Front

What does homeowners insurance typically cover? Options: The house's contents, loss of use, liability, damage by fire, theft, Only medical expenses, Only travel expenses, Only dental expenses

Back

The house's contents, loss of use, liability, damage by fire, theft

Front

What should you keep to give to the insurance company?

Back

An inventory of personal property

Front

What does renters insurance typically protect?

Back

You, your belongings, living arrangements after a covered loss

Front

What is insurance fraud?

Back

Knowingly lying to obtain a benefit