Health Insurance Practice Test

The amount of money you must pay each year before your insurance company starts to contribute paying for some of the cost.

• copay

• premium

• deductible

• coinsurance

• out-of-pocket maximum

A predetermined flat fee for health care services that you pay after reaching your deductible.

• coinsurance

• co-payment

A predetermined percentage of health care services that you pay after reaching your deductible.

• coinsurance

• co-payment

The cost you must pay to simply have access to your insurance

• co-pay

• deductible

• premium

• co-insurance

• Medicare

A 30 year old woman broke her arm and went to the ER for treatment. Her health insurance plan has a $1,500 deductible. What does this mean?

• Her insurance company will pay all $1,500.

• She pays $1,500 of her medical expenses before her insurance starts to pay.

• Her insurance company will only pay $1,500 and she must pay the rest.

The amount of money you have to pay for your medical care when you go to the doctor, specialist, hospital, etc.

• Premium

• Deductible

• FSA

• HSA

Under current law, until what age can a child stay on their parents' health insurance?

• 18

• 21

• 26

• 29

You have met already met your deductible. The bill is $300, and your coinsurance is 10%. What will you pay?

• $30

• $330

• $300

• $0

• $270

The amount of money you must pay each year before your insurance company fully pays for everything else.

• copay

• premium

• deductible

• coinsurance

• out-of-pocket maximum

What costs more?

• Staying in network

• Going out of network