Auto, Health and Life
Why do people have insurance?
What kinds of insurance can you get?
What types of insurance are necessary to
Read page 79
p. 80 “What do you think?
helps pay for damages , injury, law suits
helps protect your money
Auto Insurance Terms
*Liability- protects the person you hit; it covers
bodily injury and property damage of others (not
Personal Injury- covers injuries to you or your
Comprehensive- covers your car against theft,
vandalism, weather damage, or collisions with
animals (usually has a deductible)
Auto Insurance Terms
Collision- pays for your vehicle damage caused
by collisions (usually has a deductible)
Deductible- out-of-pocket expenses you pay
(insurance company pays the difference) could
range from $100-1,000
Underinsured Motor Vehicle Coverage- pays you
for damages and/or injury incurred in an
accident caused by another person who is not
insured or underinsured
Good student discounts
Clean driving record
Premium- amount you pay monthly or
quarterly for a life insurance policy
Policy limit- maximum amount that will be
paid for a single type of damage
Permanent- costs more
lasts for a specific amount of time; gets more
expensive with age
may not get this after the age of 65
Loss of life- full benefits
Loss of both hands or both feet or sight in both
eyes- full benefits
Loss of one hand or one foot or sight in one
eye- 1/2 of full benefits
Loss of 4 limbs- full benefits
Loss of 3 limbs-3/4 of benefits
Loss of 2 limbs- 2/3 of benefits
Loss of 1 limb- 1/2 of benefits
Loss of life covered unless…
War or act of war
Skydiving, parasailing, hang-gliding
While committing any crime or felony
If intoxicated or under the influence of drugs
Not wearing seat belt in car accident
Managed Care Plans
Have agreements with
certain Health Care
Providers to provide services
at a reduced cost to the
Three main types of
Managed Care Plans- HMOs,
HMO, PPO, POS
HMO- (Health Maintenance
Organization), PPO (preferred
provider organization, POS (point
Doctors have to be in the network
Primary Care Physician
$5-$10 per doctor visit (co-payment)
No deductible is required
Outside the network, you pay 100%
Medicare- receive insurance coverage at
the age of 67 or older or if you are on
Medicaid- for low income families
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How did watching this movie make you feel?
What were some of the advantages people had
living in France or England?
Do you have any personal experiences with Health
Do you think this film is a fair or accurate
representation of the Health care industry in U.S.?