vocab

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Across
  1. 2. A tax-advantaged savings account used specifically with a high-deductible health plan (HDHP) to pay for qualified medical expenses.
  2. 4. The maximum amount you have to pay for covered services during a plan year; once this limit is reached, your health plan covers all remaining covered costs.
  3. 7. A system where an employer chooses to pay for its employees' actual medical claims directly rather than buying a traditional insurance policy from an insurance company.
  4. 10. A comprehensive U.S. law, also known as "Obamacare," that aims to make health insurance more available and affordable to more Americans, largely through health insurance marketplaces and subsidies.
  5. 11. A short period of time (e.g., 30 days) after an insurance premium's due date during which coverage remains active and payment can still be made without penalty or cancellation.
  6. 13. Coverage that helps pay for medical and surgical expenses, including doctor visits, hospital stays, and prescription drugs.
  7. 14. An individual, such as a child or spouse, who relies on the policyholder for financial support and is typically covered by their insurance plan.
  8. 15. A type of permanent life insurance that offers lifelong protection and also includes a savings component (cash value) that grows over time and can be accessed during the policyholder's life.
  9. 16. A health insurance plan that has lower monthly premiums but requires you to pay more healthcare costs yourself (a higher deductible) before the insurance starts to cover its share.
Down
  1. 1. Coverage that helps pay for the costs of care (at home or in a facility) for individuals who are chronically ill or have a disability and can no longer perform everyday activities like dressing or eating on their own.
  2. 3. An extra insurance policy that helps pay for services and costs not covered by your primary insurance plan, such as deductibles, copayments, or specific illnesses.
  3. 5. The specific amount of money paid by a life insurance policy to the beneficiary when the insured person passes away.
  4. 6. An optional or mandatory part of an auto insurance policy that covers medical expenses and sometimes lost wages for you and your passengers after a car accident, regardless of who caused it.
  5. 8. Life insurance that provides a death benefit only if the insured person dies within a specific time period or "term" (e.g., 20 years). It does not build cash value.
  6. 9. The person or people designated to receive money or benefits (like a life insurance payout or inheritance) when the policyholder or asset owner dies.
  7. 12. Insurance that replaces a portion of your income (typically 50-70%) if you are unable to work due to an illness or injury.