FinLit Unit 4 Review

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Across
  1. 1. Any organization or entity that protects consumers from unfair business practices.
  2. 3. A managed care network that provides healthcare coverage for a monthly fee.
  3. 5. A health insurance plan that gives incentives to the purchaser to seek care from certain doctors, labs, and hospitals.
  4. 6. An analysis of a person's ability to assume risk.
  5. 7. A policy through an insurance company in which a consumer receives financial protection against a certain type of loss.
  6. 8. The process of identifying, assessing, controlling, and mitigating hazards or risks.
  7. 11. The maximum amount an insurer will pay for a covered loss.
  8. 12. A benefit given to remove a burden.
  9. 14. The amount of money an insurance company pays to the policyholder to settle an insurance claim.
  10. 16. Something that is difficult to bear for a society.
  11. 17. A contract for insurance that extends to a group of people, such as employees.
  12. 22. A document that details the terms of an insurance contract.
  13. 24. What is included within the scope of an insurance policy.
  14. 26. The amount of money a person pays to maintain an insurance policy.
  15. 29. Regulations put in place to protect consumers from fraud or risk.
  16. 30. An intentional act of deception to gain something unlawfully.
  17. 32. The possibility of loss.
  18. 34. The state of being legally responsible for something.
  19. 35. A type of insurance that covers loss or damage to a residence, as well as liability coverage against accidents that happen at home.
  20. 36. A federal health insurance program for people aged 65 and older and those with disabilities.
  21. 37. A request for payment made by a policyholder to the insurance provider.
  22. 38. What is included within the scope of an insurance policy.
  23. 41. A place where people without health insurance can find information and purchase health insurance.
  24. 42. A broad category of insurance protection against loss of property, damage, and other liabilities.
  25. 43. A type of insurance that covers a portion of medical expenses for illness, injury, and other medical conditions.
  26. 44. A health insurance plan that combines features of an HMO and a PPO.
  27. 45. A form of car insurance that covers losses such as theft, hail, or a fallen tree.
Down
  1. 2. A government program that provides health coverage to eligible children.
  2. 4. A type of life insurance that provides coverage for a set period of time.
  3. 9. A legal agreement in which a financial institution lends money in exchange for taking the title of the borrower's property, after paying in the full the borrower gains full legal ownership of the property.
  4. 10. A type of life insurance that covers the policyholder for the duration of their life.
  5. 13. A type of insurance that covers claims in excess of regular insurance policy coverage.
  6. 15. A provision in a policy that waives coverage for certain types of risks.
  7. 18. An agent of the insurance company, responsible for evaluating the eligibility of a claim.
  8. 19. Insurance that covers the cost of repairing or replacing your car.
  9. 20. Insurance that protects a portion of a policyholder's income if illness or injury prevents them from working.
  10. 21. A fixed amount paid out of pocket by a policyholder to a provider of service.
  11. 23. Something given to make up for damage or loss.
  12. 25. A law designed to make health coverage more affordable.
  13. 27. A code that mandates that products be free of defects for a certain period of time following a purchase.
  14. 28. A type of car insurance that pays a policyholder's expenses if the person at fault in an accident is uninsured.
  15. 31. A type of health insurance plan that uses a network of providers to provide integrated care at a reduced cost.
  16. 33. A national public healthcare program for people with limited income or disabilities.
  17. 39. The amount of money a person needs to pay before the insurance company will cover costs of a bill.
  18. 40. People who rely on someone else for financial support. Dependents are claimed on tax returns in order to lower the amount of taxable income.