Health Insurance Quiz

What is the purpose of health insurance?

• To reimburse all medical expenses

• To promote preventive medicine

• To protect against financial loss when in need of health services

• To provide free healthcare services

What is the function of a health insurance carrier?

• To promote good health

• To provide health insurance plans

• To provide healthcare services

• To absorb the loss of medical expenses

What is the deductible in a health insurance policy?

• The amount paid to an insurance agency for a health insurance policy

• A fixed amount of money that the patient must pay for healthcare before the carrier will begin to pay out benefits

• A percentage of costs of a healthcare service that is paid by the patient after they have paid the deductible

• A set fee collected at the time of service

What is the purpose of coinsurance in health insurance?

• To provide free healthcare services

• To promote preventive medicine

• To reimburse all medical expenses

• To pay a percentage of costs of a healthcare service after the deductible is paid

What is the exclusion in a health insurance policy?

• A fixed amount of money that the patient must pay for healthcare before the carrier will begin to pay out benefits

• A percentage of costs of a healthcare service that is paid by the patient after they have paid the deductible

• A set fee collected at the time of service

• A provision within a health insurance policy that eliminates coverage for certain acts, property, types of damage, or locations

What is an example of healthcare fraud?

• Using someone's health information as if it were your own

• Promoting preventive medicine

• Paying the full amount charged for services

• Reimbursing the patient for all medical expenses

What is the difference between individual insurance and group insurance?

• Individual insurance is generally purchased through an employer, while group insurance is when a person purchases a policy

• Individual insurance does not cover essential health benefits, while group insurance covers all essential health benefits

• Individual insurance is when a person purchases a policy, while group insurance is generally purchased through an employer

• Individual insurance requires the entire premium to be paid by the employer, while group insurance requires the premium to be split between the employer and the person being insured

What is the primary concept of managed care?

• To provide free healthcare services

• To promote good health

• To promote preventive medicine

• To reimburse all medical expenses

What is the concept of a premium in health insurance?

• The amount paid to an insurance agency for a health insurance policy

• A fixed amount of money that the patient must pay for healthcare before the carrier will begin to pay out benefits

• A percentage of costs of a healthcare service that is paid by the patient after they have paid the deductible

• A set fee collected at the time of service

What is the role of a copayment in health insurance?

• To provide free healthcare services

• To promote preventive medicine

• To reimburse all medical expenses

• A fixed amount the insured must pay for a covered health care service after having paid their deductible