WP-Medical Insurance Ch 14 Review pt 1

The Patient Protection and Affordable Care Act (PPACA) is primarily focused on which of the following?

• Improving access to health insurance

• Regulating pharmaceutical prices

• Expanding medical research funding

• Reducing hospital construction

The medical assistant’s role related to health insurance claims includes:

• Filing and processing insurance claims

• Performing surgical procedures

• Diagnosing medical conditions

• Prescribing medications

Identify terminology specifically related to health insurance policy and provisions.

• Premium, deductible, copayment, coinsurance

• Mortgage, escrow, appraisal, lien

• Depreciation, salvage value, liability, asset

• Dividend, stock split, capital gain, bond

The purpose of the Genetic Information Nondiscrimination Act of 2008 is to:

• Prevent discrimination based on genetic information in health insurance and employment.

• Promote genetic testing for all citizens.

• Require employers to collect genetic data from employees.

• Ban all forms of genetic research.

What does insurance provide protection against or compensation for?

• Specific types of risk, loss, or ruin

• Only accidents

• Only illness

• Only death

An insurance contract is an agreement in which the insurance company agrees to pay a sum of money to the insured in the event of a defined ________, such as death, accident, or illness, in return for payment of a premium by the insured.

• contingency

• guarantee

• investment

• policy

Health insurance is not designed to cover all costs associated with health care but rather to assist the patient with _______ incurred for medical treatment.

• expenses

• appointments

• medications

• procedures

Health insurance began in the mid-1800s as __________ insurance.

• disability income

• life

• property

• automobile

In what year did Massachusetts Health Insurance of Boston offer the first group policy giving comprehensive benefits?

• 1847

• 1890

• 1900

• 1800

Insurance companies issued the first individual disability and illness policies around __________.

• 1890

• 1920

• 1950

• 1975