Across
- 1. (homeowner) covers the cost of minor injuries on your property or cused byy you, family, or pets
- 4. (ppo) a group of doctors and hospitals that agree to provide health care at rates approved by the insurer
- 6. failure to take reasonable care
- 9. drivers involved in accidents collect medical expenses , lost wages, and injury costs from their own insurance companies
- 11. (ltc) assistance that you might need if you ever have an illness or a disability
- 12. when a person is held responsible for intentional or unintentional actions
- 18. person who is designated to receive something
- 21. also called personal catastrophe policy
- 22. insurance that has a minimum amount that must be paid to cover the insurance portion
- 24. pays for the damage to the automobile regardless of fault
- 25. fee paid by policyholder
- 26. the three types of insurance
- 28. pays benefits only if you are hospitalized but is paid in cash
- 30. insurance not sold by the federal or state government
- 32. covers the risk of financial loss due to legal or medical expenses, lost wages, or other expenses from injuries caused by a car accident in which you were responsible
- 35. plans provide benefits for surgical and medical services performed by physicians
- 37. federal health insurance program for those 65 and older
- 38. also called insurable risk
- 39. uncertainty or lack of predictability
- 41. documentation of belongings with cost information and purchase dates
- 43. covers cost of loss or damage of specific high value item
- 44. the homeowner pays for part of the losses if the property was not insured for the specific percentage of the replacement value
- 45. state law that requires drivers to prove their ability to cover the cost of damage or injury caused by a car accident
- 47. coverage for your place of residence, damage to property and injuries to others
- 48. protection for a specified period of time
- 49. carries a chance of either loss or gain
- 50. pays part or full amount of the surgeon's fees for an operation
- 52. type of cost sharing
- 53. when a person is held responsible for actions of another person
- 54. covers the cost of injuries to you or your family
Down
- 2. (pos) combines characteristics of hmos and ppos
- 3. program of medical assistance to low income families or individuals, title xix of social security act
- 5. (acv) payment received is based on current replacement cost of a damaged or lost item less depreciation
- 7. type of major medical insurance that has a low deductible offered without a separate basic plan
- 8. protects you against financial loss when you damage the property of others
- 10. process of establishing a monetary fund to cover the cost of a loss
- 13. pay a specified premium each year for as long as you live
- 14. pays part or full amount of hospital bills for room, board, and other charges
- 15. protects against the large expenses of a serious injury or long illness
- 16. addition of coverage to the homeowner's policy
- 17. also called nonpar policies
- 19. also called out-of-pocket limit provision in major medical policies
- 20. after the policy has been enforced for a specific period of time, he insurance company cannot dispute its validity
- 23. set amount that a policyholder pays per loss on an insurance policy
- 27. increases the likelihood of loss through some peril
- 29. cause of possible loss
- 31. refers to prepaid health plans that provide comprehensive health care to members
- 33. plans provide hospital care benefits on essentially a "service type" basis
- 34. (cob) integrating the benefits payable under more than one health insurance plan so that the benefits received from all sources are limited to 100 percent of allowable medical expenses
- 36. if the insured dies by suicide within 2 years of the policy being in force, the benefit will equal the premium paid
- 40. accidental death benefit
- 42. when settling claims, you receive the full cost of repairing or replacing a damaged or lost item, depreciation is not considered
- 46. risk-sharing firm that agrees to assume financial responsibility for losses that may result from an insured risk
- 51. a contract