TCI STUDY EXAM 2025 QUESTIONS AND ANSWERS
Insurer - (answer)insurance company
Insured - (answer)A person covered by an insurance policy
Adverse Selection - (answer)happens when mostly sick or high-risk people sign up for insurance, which
makes it more expensive for the company.
Premium - (answer)an amount to be paid for an insurance policy.
Factors that affect premium cost - (answer)The price you pay for insurance depends on your age, health,
lifestyle (like smoking), how much coverage you want, where you live, and your past use of insurance.
How much of a rick are you
Medical expense - (answer)The money paid for health care services like doctor visits, hospital stays,
surgeries, and prescription medicines.
Limited Policies - (answer)Health insurance plans that only cover specific situations or types of care —
like cancer, accidents, or hospital stays — not full coverage.
Disability Insurance - (answer)If you get injured or really sick and can't do your job, this insurance gives
you a paycheck so you can still pay your bills while you're out of work.
Government Insurance - (answer)Health coverage provided by the government, like Medicare,
Medicaid, TRICARE, and Social Security Disability (SSDI).
Individual Insurance - (answer)Health insurance you buy for yourself (not through a job or group).
Group insurance - (answer)The employer or group buys one big plan, and everyone shares it. It's usually
cheaper than individual insurance and covers all employees (and sometimes their families).
Insurer - (answer)insurance company
Insured - (answer)A person covered by an insurance policy
Adverse Selection - (answer)happens when mostly sick or high-risk people sign up for insurance, which
makes it more expensive for the company.
Premium - (answer)an amount to be paid for an insurance policy.
Factors that affect premium cost - (answer)The price you pay for insurance depends on your age, health,
lifestyle (like smoking), how much coverage you want, where you live, and your past use of insurance.
How much of a rick are you
Medical expense - (answer)The money paid for health care services like doctor visits, hospital stays,
surgeries, and prescription medicines.
Limited Policies - (answer)Health insurance plans that only cover specific situations or types of care —
like cancer, accidents, or hospital stays — not full coverage.
Disability Insurance - (answer)If you get injured or really sick and can't do your job, this insurance gives
you a paycheck so you can still pay your bills while you're out of work.
Government Insurance - (answer)Health coverage provided by the government, like Medicare,
Medicaid, TRICARE, and Social Security Disability (SSDI).
Individual Insurance - (answer)Health insurance you buy for yourself (not through a job or group).
Group insurance - (answer)The employer or group buys one big plan, and everyone shares it. It's usually
cheaper than individual insurance and covers all employees (and sometimes their families).
