Group Health Insurance Fundamentals Quiz

Provides coverage for a collective group under one insurance policy.

Premium payment responsibility shared between employers and employees.

Commonly referred to as Obamacare, the ACA is a healthcare reform law.

Exclusion of cosmetic surgery from standard coverage.

Legislation enabling continued coverage post-employment.

Initial amount paid by the individual before insurance coverage begins.

Insured's share of costs post-deductible, expressed as a percentage.

Designated time for employees to enroll or modify health insurance coverage.

HMOs manage and deliver healthcare services for a set fee.

PPOs utilize a network of preferred providers, unlike HMOs.

Employee gender does not typically affect insurance premiums.

Avoiding overlap of benefits in cases of multiple insurance coverage.

Coverage shielding employers from excessive claims costs.

Assessing health status to determine eligibility and premiums.

Establishes standards for safeguarding sensitive health information.

Sharing healthcare expenses between insurer and insured.

Responsible for overseeing financial aspects of the insurance policy.