XCEL Ch. 4 Keywords Exam Questions and
Answers with Verified Solutions | Latest
Updated 2026
Health Insurance is a general way of describing insurance
against
loss through sickness or accidental bodily
injury. It
is also called accident and health, accident
and
sickness, sickness and accident, or
disability
insurance. It is important to remember the
general
term "health insurance" applies to many
different
types of insurance, not just the medical
insurance
that pays for doctor and hospital visits.
,Disability (income) Insurance is a form of insurance that insures the
beneficiary's
earned income against the risk that a
disability
creates a barrier for a worker to complete
the core
functions of their work. Although disability
insurance is designed to protect one's
income,
there are typically rules and regulations in
place
limiting the benefits of a disability policy to
one's
income level, and typically only allowing
protection for a portion of their income.
Medical expense insurance Pays benefits for nonsurgical doctors' fees
commonly rendered in a hospital;
sometimes pays
for home and office calls.
Interim Coverage is a short-term policy purchased on an
interim
basis typically when in between jobs or
waiting for
a new policy to start.
Accidental Death and is the purest form of accident insurance. It
Dismemberment insurance provides
the insured with a lump-sum benefit
amount in the
event of accidental death or
dismemberment under
accidental circumstances.
, A nonparticipating plan is Insurance under which the insured is not
entitled
to share in the divisible surplus of the
company.
Participating of insurance is a plan under which the policy owner
receive
shares (commonly called dividends) of the
divisible
surplus of the company
The Patient Protection and was designed to increase health insurance
Affordable Care Act quality
and affordability, lower the uninsured rate
by
expanding insurance coverage and reduce
the
costs of healthcare. It introduced
mechanisms
including mandates, subsidies and
insurance
exchanges. The law requires insurers to
accept all
applicants, cover a specific list of
conditions and
charge the same rates regardless of
pre-existing
conditions or sex. The Patient Protection
and
Affordable Care Act, often shortened to the
Affordable Care Act (ACA) and nicknamed
Obamacare, only applies to specific
medical
coverage. It does NOT apply to ALL health
insurance policies.
Answers with Verified Solutions | Latest
Updated 2026
Health Insurance is a general way of describing insurance
against
loss through sickness or accidental bodily
injury. It
is also called accident and health, accident
and
sickness, sickness and accident, or
disability
insurance. It is important to remember the
general
term "health insurance" applies to many
different
types of insurance, not just the medical
insurance
that pays for doctor and hospital visits.
,Disability (income) Insurance is a form of insurance that insures the
beneficiary's
earned income against the risk that a
disability
creates a barrier for a worker to complete
the core
functions of their work. Although disability
insurance is designed to protect one's
income,
there are typically rules and regulations in
place
limiting the benefits of a disability policy to
one's
income level, and typically only allowing
protection for a portion of their income.
Medical expense insurance Pays benefits for nonsurgical doctors' fees
commonly rendered in a hospital;
sometimes pays
for home and office calls.
Interim Coverage is a short-term policy purchased on an
interim
basis typically when in between jobs or
waiting for
a new policy to start.
Accidental Death and is the purest form of accident insurance. It
Dismemberment insurance provides
the insured with a lump-sum benefit
amount in the
event of accidental death or
dismemberment under
accidental circumstances.
, A nonparticipating plan is Insurance under which the insured is not
entitled
to share in the divisible surplus of the
company.
Participating of insurance is a plan under which the policy owner
receive
shares (commonly called dividends) of the
divisible
surplus of the company
The Patient Protection and was designed to increase health insurance
Affordable Care Act quality
and affordability, lower the uninsured rate
by
expanding insurance coverage and reduce
the
costs of healthcare. It introduced
mechanisms
including mandates, subsidies and
insurance
exchanges. The law requires insurers to
accept all
applicants, cover a specific list of
conditions and
charge the same rates regardless of
pre-existing
conditions or sex. The Patient Protection
and
Affordable Care Act, often shortened to the
Affordable Care Act (ACA) and nicknamed
Obamacare, only applies to specific
medical
coverage. It does NOT apply to ALL health
insurance policies.
