Health Insurance Basics

All health insurance policies are required to cover basic health services like an annual physical exam before your deductible is met.

• True

• False

Insurance companies can chare higher premiums for people with pre-existing conditions.

• True

• False

The amount you pay for insurance coverage.

• Premium

• Deductible

• Co-Pay

• Policy

The contract which details your insurance coverage.

• Premium

• Deductible

• Co-Pay

• Policy

The amount of money you must pay upfront/out of pocket before your insurance coverage begins to pay.

• Premium

• Deductible

• Co-Pay

• Policy

The amount of money you must pay upfront/out of pocket at a medical office before seeing the doctor/specialist.

• Premium

• Deductible

• Co-Pay

• Policy

Deductibles are calculated on a(n) ________ basis.

• daily

• monthly

• annual (yearly)

• throughout the life of the policy

Deductibles need to be met before Coinsurance begins. True or False?

• True

• False

government subsidized insurance for individuals below the poverty line

• medicare

• medicaid

• Obamacare

government subsidized insurance for senior citizens

• medicare

• medicaid

• Obamacare