Assess Yourself
Are you ready to take this lesson's quiz? The questions below will help you find out. Make sure you understand why each correct answer is correct—if you don't, review that part of the lesson.
Which term BEST describes the type of insurance that provides payment to replace your earnings when you cannot work due to illness or injury?
- auto insurance
- disability insurance
- health insurance
- life insurance
Depending on the term of the policy you purchase, this insurance provides an income while you are unable to work.
Depending on the term of the policy you purchase, this insurance provides an income while you are unable to work.
Depending on the term of the policy you purchase, this insurance provides an income while you are unable to work.
Depending on the term of the policy you purchase, this insurance provides an income while you are unable to work.
Which type of health care plan allows you to see only the doctors in the plan's network?
- managed care plan
- traditional plan
- life insurance plan
- Medicaid
A traditional health plan does not require you to see a specific doctor.
A traditional health plan does not require you to see a specific doctor.
A traditional health plan does not require you to see a specific doctor.
A traditional health plan does not require you to see a specific doctor.
What type of health insurance is offered by the government to low-income families and people with disabilities?
- employer insurance
- managed care insurance
- Medicaid insurance
- state health exchange
This is health insurance you get from the government at low cost or no cost and is based on your income, health, and family size.
This is health insurance you get from the government at low cost or no cost and is based on your income, health, and family size.
This is health insurance you get from the government at low cost or no cost and is based on your income, health, and family size.
This is health insurance you get from the government at low cost or no cost and is based on your income, health, and family size.
Which term describes the flat fee you must pay to your health care provider at the time of service after you have paid your deductible?
- deductible
- coinsurance
- copayment
- premium
Plans charge copays, coinsurance, or deductibles. Coinsurance is a percentage you pay for a service such as 20% of the total price.
Plans charge copays, coinsurance, or deductibles. Coinsurance is a percentage you pay for a service such as 20% of the total price.
Plans charge copays, coinsurance, or deductibles. Coinsurance is a percentage you pay for a service such as 20% of the total price.
Plans charge copays, coinsurance, or deductibles. Coinsurance is a percentage you pay for a service such as 20% of the total price.
What type of life insurance provides a payout no matter when you die?
- disability insurance
- permanent insurance
- term insurance
- health insurance
Life insurance provides cash to your family when you die in exchange for premium payments when you are alive.
Life insurance provides cash to your family when you die in exchange for premium payments when you are alive.
Life insurance provides cash to your family when you die in exchange for premium payments when you are alive.
Life insurance provides cash to your family when you die in exchange for premium payments when you are alive.
What type of disability insurance provides a payment for five years or longer?
- health insurance
- short-term disability
- permanent insurance
- long-term disability
Disability insurance pays you income if you suffer an injury or illness and can't work.
Disability insurance pays you income if you suffer an injury or illness and can't work.
Disability insurance pays you income if you suffer an injury or illness and can't work.
Disability insurance pays you income if you suffer an injury or illness and can't work.
Summary
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