Wk 26: Exit Ticket 8.4, 8.5, & 8.6

A deductible is paid only if your insurance doesn’t cover a procedure, while the out-of-pocket maximum applies to all services.

A deductible is the amount you pay for services before insurance kicks in, while the out-of-pocket maximum is the limit on how much you pay in a year.

A deductible is the maximum amount you can spend each year on medical expenses, while the out-of-pocket maximum is what you pay for coverage.

A deductible is a flat fee, while the out-of-pocket maximum is based on your income.

Exclusive Provider Organization (EPO).

Health Maintenance Organization (HMO).

Preferred Provider Organization (PPO).

Comprehensive Coverage Plan (CCP).

It helps protect you from high medical expenses by covering a portion of your healthcare costs.

It covers your medical expenses for non-health-related treatments.

It ensures you can access medical care without any costs involved.

It guarantees that only expensive treatments are covered.

The person is required to pay the entire premium for their health coverage.

The person’s coverage will not include medical expenses for any type of care.

The person will receive health insurance coverage through their employer, often with a portion of the premium covered by the employer.

The person can only receive health insurance if they work part-time.

A high-deductible health plan (HDHP) with a Health Savings Account (HSA).

A child-only health insurance plan purchased individually by the child.

A government-sponsored Medicaid plan.

A plan under a parent’s employer-sponsored health insurance.

You can enroll outside of the open enrollment period if you experience a qualifying life event.

You will have access to employer-sponsored health benefits.

You can choose from a variety of plans that best fit your healthcare needs.

You may qualify for subsidies or tax credits to lower your premiums.

The insurance company covers all costs upfront, and you don’t pay anything.

You pay the full cost of all services, and the insurance company reimburses you later.

You pay an annual fee that covers all expenses with no additional out-of-pocket costs.

You pay a deductible, and the insurance company covers the rest of the cost for approved treatments, often with a co-pay.

Only the cost of hiring a personal assistant or caregiver.

The cost of any luxury purchases, such as vacations or entertainment.

Only the cost of medical treatment related to the disability.

Ongoing living expenses, such as rent and utilities, while you're unable to work.

Term life insurance includes an investment component, while permanent life insurance does not.

Term life insurance covers the policyholder for a specific period, while permanent life insurance provides lifetime coverage and may build cash value.

Term life insurance can be purchased at any time, while permanent life insurance requires a medical exam.

Permanent life insurance is cheaper than term life insurance because it offers more coverage.

The disability must be temporary and recoverable within six months.

The disability must be a result of an accident that occurred while traveling.

The disability must require hospitalization for at least 30 days.

The disability must prevent you from performing the essential duties of your job.