Insurance Vocabulary

123456789101112131415161718192021222324
Across
  1. 2. A financial product that reimburses you for unexpected losses or damages caused by a specific set of hazards (such as illness or fire) to a specific thing (such as a car or your life) for a fee.
  2. 4. The portion of medical costs you pay out-of-pocket when receiving care, while the insurance company covers the rest.
  3. 6. Insurance coverage that provides income replacement if you are unable to work due to illness or injury.
  4. 8. Pays to fix or replace your car if it’s damaged in a crash, even if it’s your fault. This type of coverage is optional and you decide the amount covered based on the market value of your vehicle.
  5. 9. Health insurance plan that requires members to use a network of approved doctors and hospitals and usually requires a primary care doctor’s referral to see specialists.
  6. 12. Health insurance plan that lets members see ANY doctor or specialist, but offers lower costs when using doctors and hospitals within the plan’s network.
  7. 14. A request to your insurance company to pay for something that’s insured on your policy - like damage to your car or a doctor’s bill. You file a claim when something goes wrong and you need help paying for it.
  8. 17. Pays for medical bills and lost wages if you or your passengers get hurt in a car accident.
  9. 18. A percentage of the cost you pay (ex. 20%)
  10. 19. a life insurance policy that covers insured's whole life and has a cash payout option
  11. 22. A government program that provides health care coverage to low-income individuals and families, often covering doctor visits, hospital stays, and other medical services.
  12. 23. Money paid by the policyholder each month to purchase the policy.
  13. 24. Covers damage to your car from things other than crashes—like theft, fire, or storms.
Down
  1. 1. Pays for damage or injuries you cause to others in a car accident. It doesn’t cover your own car.
  2. 3. The practice of identifying potential risks in advance, analyzing them and taking precautionary steps to reduce the risk.
  3. 5. a life insurance policy with a set amount of time (term)
  4. 7. The most money you’ll have to pay for medical care in a year. After you reach this amount, your insurance pays 100% of covered costs.
  5. 10. Helps pay if you’re in an accident caused by a driver who doesn’t have insurance.
  6. 11. The out-of-pocket money paid by the policyholder before an insurance company will cover the remaining costs.
  7. 13. A fixed amount you pay for a service (ex. $20)
  8. 15. Known As: “Protection Against Loss”
  9. 16. A contract between the insurance company and the insured that states exactly what is covered.
  10. 20. Insurance paid to beneficiaries who were named by the insured person after the person dies.
  11. 21. A government health insurance program for people age 65 and older or with certain disabilities.