9.4 Vocab

Question 1

health insurance

Answer 1

coverage for an individual’s (or family’s) medical expenses from illness or injury

Question 2

coverage for an individual’s (or family’s) medical expenses from illness or injury

Answer 2

health insurance

Question 3

Affordable Care Act (ACA)

Answer 3

also known as Obamacare; the health care reform law enacted in 2010, inteded to make affordable health insurance more available

Question 4

also known as Obamacare; the health care reform law enacted in 2010, inteded to make affordable health insurance more available

Answer 4

Affordable Care Act (ACA)

Question 5

subsidizing

Answer 5

the practice of employers paying for a portion of their employees’ insurance premiums

Question 6

the practice of employers paying for a portion of their employees’ insurance premiums

Answer 6

subsidizing

Question 7

health insurance marketplace

Answer 7

a platform where individuals, families, and small businesses can compare health insurance plans

Question 8

a platform where individuals, families, and small businesses can compare health insurance plans

Answer 8

health insurance marketplace

Question 9

High-Deductible Health Plan (HDHP)

Answer 9

a health plan with a high minimum deductible for medical expenses

Question 10

a health plan with a high minimum deductible for medical expenses

Answer 10

High-Deductible Health Plan

Question 11

Health Savings Account (HSA)

Answer 11

a tax-exempt savings account dedicated to health care costs; only available for individuals on a high-deductible health plan (HDHP)

Question 12

a tax-exempt savings account dedicated to health care costs; only available for individuals on a high-deductible health plan (HDHP)

Answer 12

Health Savings Account (HSA)

Question 13

lifetime limit

Answer 13

the maximum amount of lifetime benefits a person can receive from their insurance company

Question 14

the maximum amount of lifetime benefits a person can receive from their insurance company

Answer 14

lifetime limit