Insurance kahoot

WHAT IS AN INSURANCE PREMIUM?

YOUR MONTHLY PAYMENT TO YOUR INSURER

WHICH PERSON WILL PROBABLY HAVE THE MOST EXPENSIVE HEALTH INSURANCE PREMIUMS?

ROBIN, A HIGH EARNER WHO BUYS A PLAN FOR HER WHOLE FAMILY ON MARKETPLACE

WHAT TYPE OF AUTO INSURANCE ARE YOU REQUIRED TO CARRY IN ALMOST EVERY STATE (49 OUT OF 50)

INSURANCE IF YOU CAUSE AN INJURY TO ANOTHER PERSON

BRUCE A RECENT COLLEGE GRAD WANTS TO BUILD UP HIS EMERGENCY FUND BEFORE BUYING INSURANCE. WHY IS THIS RISKY?

AN ACCIDENT OR ILLNESS CAN STRIKE AT ANY TIME AND BE VERY EXPENSIVE.

PARENTS WANT YOU TO GET YOUR OWN INSUR. AT 22. YOU'RE HEALTHY AND SEE DOCTOR FOR ANNUAL PHYSICALS. WHAT IS BEST INSURANCE?

A HIGH DEDUCTIBLE PLAN WITH A LOW MONTHLY PREMIUM

WHEN SETTING YOUR PREMIUM, YOUR CAR INSURANCE COMPANY MAY CONSIDER EACH OF THE FOLLOWING EXCEPT…

YOUR HEIGHT

INSURANCE PREMIUMS MAKE MONEY BY…..

COLLECTING MORE IN PREMIUMS THAN THEY NEED TO PAY OUT EACH YEAR

WHICH OF THE FOLLOWING STATEMENTS IS TRUE ABOUT AUTO INSURANCE PREMIUMS?

IF YOU GET INTO MULTIPLE ACCIDENTS WITHIN ONE YEAR YOUR PREMIUM INCREASES.

YOUR RENTER'S POLICY IS $20 PER MONTH, $1000 DEDUCTIBLE. A THIEF STEALS YOUR $800 TV. HOW MUCH WILL INSURANCE PAY?

$0

SOMEONE BROKE INTO SAM'S CAR BY SMASHING THE WINDOW. WHICH KIND OF COVERAGE WILL GET THE WINDOW REPLACED?

COMPREHENSIVE

WHY WOULD SOMEONE CHOOSE TO GET LONG TERM DISABILITY INSURANCE EVEN IF THEY ALREADY HAVE HEALTH INSURANCE?

HEALTH INSUR IS FOR MEDICAL BILLS, WHILE LONG TERM IS FOR LOST INCOME

YOU INJURE SOMEONE ACCIDENTALLY AND MUST PAY $58,000. YOUR COVERAGE LIMIT IS $75,000. HOW MUCH WILL INSUR. PAY?

$58,000

FRANK HAS A COLLISION AND GETS INTO AN ACCIDENT COSTING $6,200. HIS LIMIT IS $30,000 DEDUCTIBLE IS $1000. HE WILL PAY?

$1000

EACH OF THESE IS CONSIDERED AN OUT-OF-POCKET EXPENSE EXCEPT…

MONTHLY PREMIUM

MEDICAID GENERALLY PROVIDES INSURANCE FOR WHICH OF THE FOLLOWING GROUPS OF PEOPLE?

INDIVIDUALS IN LOW-INCOME HOUSEHOLDS

YOUR EMPLOYER OFFERS AN EMPLOYER-SPONSORED HEALTH INSURANCE PLAN. WHICH OF THE FOLLOWING STATEMENTS IS TRUE?

INSURANCE PREMIUMS WILL BE PAID DIRECTLY FROM YOUR PAYCHECK, PRE-TAX

INSUR. COMPANIES CHARGE DIFFERENTLY FOR COVERAGE BASED ON RISK. ALL MONEY IS USED FOR CLAIMS. THIS CONCEPT IS CALLED

RISK POOLING

LULU'S DOG HAS AN $800 INJURY. SHE HAS A POLICY WITH A DEDUCTIBLE $1000 COVERAGE LIMIT $15,000. HOW MUCH DOES LULU PAY

$800 AND INSURANCE PAYS $0

HOW DO INSURANCE COMPANIES DECIDE HOW MUCH TO CHARGE AN INDIVIDUAL FOR THEIR MONTHLY PREMIUMS?

REVIEWS INDIVIDUAL RISKS AND ASSIGNS HIGHER PREMIUMS TO HIGH RISK PEOPLE

WHICH OF THE FOLLOWING INSUR. COVERAGE WOULD BE THE LOWEST PRIORITY FOR A SINGLE PERSON WITH NO CHILDREN?

LIFE INSURANCE

YOU HAVE A PRESCRIPTION COPAY OF $20 FOR MEDICATION AT THE PHARMACY. LIST PRICE FOR MEDICATION IS $75. WHAT DO YOU PAY?

$20

A STANDARD RENTERS INSURANCE POLICY WOULD COVER EACH OF THE FOLLOWING EXCEPT…..

A NEW WINDOW WHEN A BASEBALL BREAKS THE ORIGINAL ONE

FINN MOVES FROM A RENTED APARTMENT TO A HOUSE HE BOUGHT. WHAT SHOULD BE EXPECT THE DIFFERENCE BETWEEN INSURANCES.

HIS HOMEOWNER'S INSURANCE WILL BE MORE EXPENSIVE THAN HIS RENTER'S.

WHICH BEST DESCRIBES WHAT IS MEANT BY A HEALTH INSURANCE MARKETPLACE?

A FEDERAL/STATE RUN WEBSITE WITH INDIVIDUAL STATE HEALTH INSURANCE PLANS