Across
- 3. A type of permanent life insurance that provides lifelong coverage and includes a tax-deferred savings component.
- 6. A health insurance plan with lower premiums and a higher minimum deductible, prerequisite for an HSA.
- 9. A policy that provides income replacement to a policyholder who cannot work due to illness or injury.
- 12. A comprehensive 2010 federal law that expanded health insurance coverage and reformed the health insurance market.
- 14. A life insurance policy that pays a death benefit only if the insured dies within a specific, set period of time.
- 15. A contract requiring an insurer to cover some or all of a person's medical costs in exchange for a premium.
- 16. An optional policy that helps cover costs, like deductibles or specific services, that a primary insurance plan does not fully cover.
Down
- 1. The lump sum of money paid by a life insurance company to the named beneficiary upon the insured person's death.
- 2. A tax-advantaged savings account used to pay for qualified medical expenses, which must be paired with an HDHP.
- 4. A policy that provides financial coverage for extended services, such as assisted living or in-home care, due to a chronic condition or disability.
- 5. An individual, typically a spouse or child, who relies on the policyholder for financial support and is covered under their policy.
- 7. An auto insurance component that covers medical expenses and sometimes lost wages for the insured and passengers, regardless of fault.
- 8. Individuals designated to receive the payment or proceeds from an insurance policy upon a specific event.
- 10. The maximum amount a policyholder must pay for covered services in a year before the insurance covers 100%.
- 11. The set time after a premium's due date during which an insurance policy remains active despite non-payment.
- 13. An insurance model where an employer directly pays for employees' medical claims rather than buying a fully insured plan from an insurer.