Insurance and Consumer Protection/ Questions & Definitions What is insurance coverage? - jibuThe amount your insurance company is willing to pay The dollar amount you have to pay before an insurance plan takes effect and the insurance company starts paying is the __________. - jibuDeductible Which of the following things does the Affordable Care Act do? - jibuAllows young adults to stay on their parents' insurance until the age of 26 What does COBRA status allow you to do? - jibuStay on your employer's insurance plan after you lose your job What is a preexisting condition? - jibuA condition you were diagnosed with before you applied for health insurance What is a beneficiary? - jibuThe person or group of people who will receive your life insurance money
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