Personal Finance Unit 3 Crossword

Across

2. pays for part or all of hospital bills for room, board, and other charges
6. a network that renders medical care from affiliated health care providers
8. a provision under which the insured pays a flat dollar amount each time a covered medical service is received after the deductible has been met
10. a program of medical assistance to low-income individuals and families
11. a group of doctors and hospitals that agree to provide health care at rates approved by the insurer
14. a person designed to receive something, such as life insurance proceeds, from the insured
19. a provision under which an insured pays a certain amount, after which the insurance company pays 100% of the remaining covered expenses
20. a claim settlement method in which the insured receives payment based on the current replacement cost of a damaged or lost item, less depreciation
22. a person who owns an insurance policy
23. the process of establishing a monetary fund to cover the cost of a loss
24. a factor that increases the likelihood of loss through some peril
25. prepaid health plans that provide comprehensive health care to members
26. the set amount a policyholder must pay per loss on an insurance policy
31. an independent membership corporation that provides protection against the cost of hospital care
33. supplementary personal liability coverage; also called a personal catastrophe policy
34. an insurance plan in which the policyholder pays a specified premium each year for as long as he or she lives; also called a straight life policy, cash-value life policy, or ordinary life policy
35. an insurance company
36. an automobile insurance program in which drivers involved in accidents collect medical expenses, lost wages, and related injury costs from their own insurance companies
37. consists of people who are unable to obtain automobile insurance due to poor driving or accident records and must obtain coverage at high rates through a state program that requires insurance companies to accept some of them
38. an addition of coverage to a standard insurance policy
45. a method of integrating the benefits payable under more than one health insurance plan
47. a provision under which both the insured and the insurer share the covered losses
50. the cause of a possible loss
52. a whole life policy that combines term insurance and investment elements
54. a risk in which there is a chance of either loss or gain
57. the place of residence used to determine a person's automobile insurance premium
58. pays for the cost of day-in, day-out care for long-term illness or disability
59. pays stipulated daily, weekly, or monthly cash benefits during hospital confinement
60. provides payments to replace income when an insured person is unable to work

Down

1. pays part or all of the surgeon's fees for an operation
3. a situation in which a person is held responsible for intentional or unintentional actions
4. life insurance protection for a specified period of time; sometimes called temporary life insurance
5. the amount of money a policyholder is charged for an insurance policy
7. a benefit under which the company pays twice the face value of the policy if the insured's death results from an accident
9. automobile insurance coverage that protects a person against financial loss when that person damages the property of others
12. a health insurance plan that provides a wide range of health care services for a fixed, prepaid monthly premium
13. a provision stating that if the insured dies by suicide during the first two years the policy is in force, the death benefit will equal the amount of the premium paid
15. pays most of the costs exceeding those covered by the hospital, surgical, and physician expense policies
16. coverage for the risk of financial loss due to legal expenses, medical costs, lost wages, and other expenses associated with injuries caused by an automobile accident for which the insured was responsible
17. combination of hospital expense insurance, surgical expense insurance, and physician expense insurance
18. the amount received after giving up a life insurance policy
21. an independent membership corporation that provides protection against the cost of surgical and medical care
27. a claim settlement method in which the insured receives the full cost of repairing or replacing a damaged or lost item
28. a document attached to a policy that modifies its coverage
29. a risk-sharing firm that assumes financial responsibility for losses that may result from an insured risk
30. a person covered by an insurance policy
32. automobile insurance that pays for damage to the insured's car when it is involved in an accident
39. a risk in which there is only a chance of loss; also called insurable risk
40. a situation in which a person is held legally responsible for the actions of another person
41. coverage for a place of residence and its associated financial risks
42. legal responsibility for the financial cost of another person's losses or injuries
43. a list or other documentation of personal belongings, with purchase dates and cost information
44. protection against possible financial loss
46. supplements Medicare by filling the gap between Medicare payments and medical costs not covered by Medicare
48. failure to take ordinary or reasonable care in a situation
49. a federal health insurance program for people 65 or older, people of any age with permanent kidney failure, and people with certain disabilities; the program is administered by the Centers for Medicare and Medicaid Services
51. the process that insurance companies use to determine the premiums that will be charged and whom they will be insure
53. chance or uncertainty of loss; also used to mean "the insured"
55. a written contract for insurance
56. a contract that provides a regular income, typically for as long as the person lives