What is health insurance?

Health Insurance Quiz

Quiz
•
Professional Development
•
Professional Development
•
Easy
Stefani Ordonez
Used 1+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A contract between a company and a consumer to provide healthcare services for free.
A contract between a company and a consumer where the company agrees to pay all or some of the insured person's healthcare costs in return for a monthly premium.
A government-provided service that covers all healthcare costs for every citizen.
A one-time payment that covers all future medical expenses.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do health insurance monthly premiums help to pay for?
Only surgical expenses.
Most medical and surgical expenses and preventative care costs.
Only the cost of prescription medications.
Only the administrative costs of the insurance company.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the monthly premium typically relate to out-of-pocket costs in health insurance plans?
The higher the monthly premium, the higher the out-of-pocket costs.
The monthly premium has no relation to out-of-pocket costs.
The higher the monthly premium, the lower the out-of-pocket costs.
Out-of-pocket costs are fixed regardless of the monthly premium.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are Medicare and Medicaid?
Private health insurance companies.
Types of health insurance deductibles.
Federal health insurance plans that extend coverage to specific groups of people.
Non-profit organizations that provide free healthcare.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a deductible in the context of health insurance agreements in the U.S.?
A fixed fee paid every month in addition to the premium.
A bonus payment given to consumers for not using their insurance.
A payment that insurance companies give to healthcare providers.
An amount the consumer pays out-of-pocket before the company coverage begins.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are co-payments in health insurance plans?
Payments the insurance company makes to the consumer annually.
Set shares of the cost that the consumer pays for specific services or procedures.
Monthly fees paid to the government for healthcare services.
Bonuses for not using the insurance plan throughout the year.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who in the United States is eligible to receive federally-subsidized care through Medicare?
Self-employed people
People over the age of 65 and those with disabilities or End-Stage Renal Disease
Families whose incomes are near the poverty level
Gig workers
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