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1. Going without health insurance for a while is okay as long as:
I'm young and strong.
I plan to get it soon.
I don't mind risking bankruptcy.
2. A deductible is:
The tax break I get for my insurance premium.
The amount I owe out-of-pocket before insurance kicks in.
A service that my insurance doesn't cover.
3. What's sure to be covered by my insurance is:
Hospital bills.
Visits to my doctor's office.
Both.
4. Preventive care generally is covered by:
An indemnity policy.
A managed care plan.
Neither.
5. With managed care, I can use doctors outside the plan's network:
Any time.
Never.
Depends on the plan.
6. Catastrophic coverage is:
Insurance with a high deductible and high maximum payout.
Insurance for sudden illness or accident.
Insurance that pays so little you go broke.
7. Working couples with dual insurance can:
Cover themselves separately.
Cover one another.
Do either.
8. A flexible spending account is:
A tax break.
A type of insurance.
A service offered by banks.
9. COBRA gives me the right to:
Keep employer-paid coverage if I lose my job.
Keep group coverage but pay for it myself.
Sue my employer if I lose my insurance.
10. A high risk pool is for:
People with significant health problems.
People who can't afford insurance.
People who have dangerous jobs.
In Lesson 16
Glossary
Take
the test
Top things to know
The basic flavors
Which plan is right for you?
Money-saving strategies
Your legal rights
Money 101 Lessons
Setting priorities
Making a budget
Basics of banking and saving
Basics of investing
Investing in stocks
Investing in mutual funds
Investing in bonds
Buying a home
Controlling debt
Employee stock options
Saving for college
Kids and money
Planning for retirement
Asset allocation
Hiring financial help
Health insurance
Buying a car
Taxes
Home insurance
Life insurance
Estate planning
Auto insurance
401(k)s