Insurance Review Question Preview (ID: 44582)
Insurance.
TEACHERS: click here for quick copy question ID numbers.
What is an insurance premium?
a) Your monthly payment to your insurer, regardless of whether you use any services
b) A list of the procedures covered by your insurance carrier
c) An added cost you pay in order to receive higher-quality services
d) The amount you pay out-of-pocket for a specific procedure or service
Which term refers to an arrangement where you are responsible for paying a percentage of covered medical expenses after your deductible is met?
a) Deductible limit
b) Premium
c) Out-of-network fees
d) Co-insurance
Which of these is NOT considered an out-of-pocket expense?
a) Your monthly premium
b) A copay of $15 to fill a prescription
c) A $1000 deductible if you're in an auto accident
d) Excess bills from a car accident once you've gone over your maximum coverage limit
Which of these factors will have the LEAST impact on how much you pay for auto insurance?
a) How many miles you drive per year
b) Your age
c) Your driving record
d) Whether you were born in the US
Insurance companies make money by...
a) Refusing to pay out claims to policyholders
b) Collecting money from the government
c) Collecting more in premiums than they need to pay out each year
d) Keeping costs low with minimal advertising
Which of the following statements is TRUE about auto insurance premiums?
a) If you have an auto insurance policy and don't get into a car accident or file any claims for a year, you get your premiums b
b) If you have an auto insurance policy and get into multiple accidents within one year, your premium amount will decrease.
c) Your auto insurance premium is a fixed price; it will never change.
d) Auto insurance premiums can vary from company to company, therefore, it is important to comparison shop for the best price an
Your renter's insurance policy costs $20/month and has a $1,000 deductible. A thief breaks into your apartment and steals your $800 TV set. How much would your insurance company owe you?
a) $0
b) $200
c) $800
d) $1000
Which automobile policy do you believe will have the highest premium (all other factors being equal)?
a) Auto policy with $250 deductible
b) Auto policy with $500 deductible
c) Auto policy with $1,000 deductible
d) Auto policy with $2,500 deductible
While parked on the street overnight, the passenger window in Sam's car was knocked out by someone trying to break in. Which type of auto insurance coverage will help cover the cost to get the window replaced?
a) Liability
b) Collision
c) Comprehensive
d) None. Typically this type of damage isn’t covered in an auto policy.
Since doctors only accept specific health insurance plans, what should you do prior to selecting your own health insurance plan?
a) Find an out-of-network doctor for a plan you’re interested in
b) Check the list of doctors “in the network”
c) Increase your premium amount to upgrade your coverage to include any and all doctors
d) Decrease your co-pay amount
Play Games with the Questions above at ReviewGameZone.com
To play games using the questions from above, visit ReviewGameZone.com and enter game ID number: 44582 in the upper right hand corner or click here.
To play games using the questions from above, visit ReviewGameZone.com and enter game ID number: 44582 in the upper right hand corner or click here.
TEACHERS / EDUCATORS
Log In | Sign Up / Register
Log In | Sign Up / Register