University of Phoenix Material

Insurance Worksheet

Directions:
Match the following words with the correct definition. Enter the letter of the correct definition in the Answer column.

| |Term |Answer |Definition |
|1. |Premium |E |The set amount that a policyholder must pay before benefits are paid under an insurance policy |
|2. |Deductible |A |A network of participating medical providers who have contracted to provide services for certain |
| | | |fees. You can receive care from providers outside of your network, but it will be at a higher |
| | | |fee. |
|3. |Copayment |F |Federally funded health insurance program available primarily to people over 65 or those with a |
| | | |disability. Additional insurance may be purchased to supplement coverage. |
|4. |Coverage |H |Health plan that provides a wide range of services for a fixed monthly premium. Preventive |
| | | |services are typically fully covered under this type of plan. Must receive care from providers |
| | | |covered under the plan. |
|5. |Health Maintenance Organization |D