Health & Life Insurance

A regular payment each month to the insurance company is called

• Deductible

• Premium

• Coinsurance

A specific amount paid each time someone visits the primary physician is called

• Co-Pay

• Premium

• Deductible

Which is an example of group health insurance?

• Employer-Paid

• Catastrophic

• Supplemental

Which of the following adequately describes the main difference between group health insurance and individual health insurance?

• Those enrolled in a group health insurance plan pay less in premiums than those in an individual plan

• Those enrolled in a group health insurance plan pay more in premiums than those in an individual plan

• Those enrolled in a group health insurance plan receive less coverage than those in an individual plan

Of the groups listed below, which would most likely purchase an individual health insurance plan?

• Union worker

• Self-employed

• Municipal employee

In health insurance, what is meant by the term "network"?

• Hospitals owned by the same company

• Health care professionals that are part of a health plan's group of provider's

• Physicians who charge the same rate for the same type of procedure

Which of the following might not be considered a primary care provider?

• Cardiologist (a doctor who specializes in the study or treatment of heart diseases and heart abnormalities)

• Internist (a doctor who provides long-term, comprehensive care and manage both common and complex diseases)

• Pediatrician (a medical doctor who specializes in children)

What is the health insurance plan that DIRECTLY employs or contracts with selected, or pre-approved, physicians and other medical professionals to provide health care services in exchange for a fixes, prepaid monthly premium?

• Health maintenance organization (HMO)

• Preferred provider organization (PPO)

• Point-of-service (POS) plan

A type of life insurance that pays less to the beneficiary as time passes.

• Conversion term

• Decreasing term

• Level term

Which terms describes what you must pay each year before your health plan begins paying?

• Deductible

• Rider

• Co-Payment