Understanding Health Insurance Basics

What does HMO stand for in health insurance?

• Health Maintenance Organization

• Hospital Medical Office

• Health Management Option

• Hospital Maintenance Organization

Which government program provides health insurance primarily for people aged 65 and older?

• Medicaid

• Medicare

• TRICARE

• CHIP

What is the main purpose of Worker's Compensation?

• To provide retirement benefits

• To cover work-related injuries and illnesses

• To pay for dental care

• To offer life insurance

Which of the following is a health insurance program for low-income individuals and families?

• Medicare

• Medicaid

• Medigap

• TRICARE

What does PPO stand for in health insurance?

• Preferred Provider Organization

• Public Provider Option

• Private Patient Organization

• Patient Protection Office

Match the Medicare Type to what it covers:

• Prescription drug coverage

• Type B

• What type A and type B do not cover

• Type C (Medigap)

• Outpatient care, preventative care

• Type D

• Hospitalizations, home health, hospice

• Type A

What is the main function of a Health Savings Account (HSA)?

• To save money for college tuition

• To save pre-tax money for medical expenses

• To pay for car insurance

• To invest in stocks

Which program provides health coverage for children in families with incomes too high for Medicaid but too low to afford private insurance?

• CHIP

• TRICARE

• Medigap

• HMO

TRICARE is a health care program for which group?

• Federal employees

• Military members and their families

• State government workers

• College students

Which law aimed to make health insurance more affordable and accessible in the United States starting in 2010?

• Social Security Act

• Affordable Care Act

• Medicare Modernization Act

• Health Insurance Portability Act