Health Insurance and Coverage Considerations Quiz
Test your knowledge on health insurance plans, deductibles, COBRA, coinsurance, premiums, and more. Understand key terms in insurance.
#1
Which of the following is not a common type of health insurance plan?
Health Maintenance Organization (HMO)
Preferred Provider Organization (PPO)
Point of Service (POS)
Health Expense Reimbursement Account (HERA)
#2
What is the purpose of a health insurance premium?
To cover the cost of prescription drugs
To determine the maximum out-of-pocket expense
To provide coverage for preventive care services
To pay for the insurance policy
#3
Which of the following is typically not covered by health insurance?
Emergency room visits
Routine check-ups
Cosmetic surgery
Prescription medications
#4
What does the term 'network' refer to in health insurance?
A group of healthcare providers that have contracts with an insurance company
The number of covered services within an insurance plan
The amount of premium paid by the insured
The process of filing a claim with the insurance company
#5
What is the purpose of a deductible in health insurance?
To determine the maximum coverage amount
To specify the network of healthcare providers
To determine the initial out-of-pocket expense
To specify the minimum coverage amount
#6
Which federal program provides health coverage for individuals aged 65 and older?
Medicaid
CHIP
Medicare
Tricare
#7
What does the term 'out-of-pocket maximum' refer to in health insurance?
The maximum amount the insured has to pay before the insurance company starts paying
The maximum amount the insured has to pay for covered services in a year
The amount the insured pays for prescription drugs
The maximum number of doctor visits covered by the insurance
#8
In health insurance, what is a 'pre-existing condition'?
A condition that existed before the insurance coverage began
A condition that only affects older adults
A condition that is easily treatable
A condition that develops after the insurance coverage begins
#9
What does COBRA stand for in the context of health insurance?
Consolidated Omnibus Budget Reconciliation Act
Continuation of Benefits Rights Act
Consolidated Options for Benefit Reimbursement Agreement
Continuation of Benefit Rights Agreement
#10
In health insurance, what is 'coinsurance'?
The fixed amount paid by the insured for each covered service
The total amount paid by the insured before the insurance company starts paying
The percentage of covered expenses paid by the insured after the deductible
The maximum amount the insured has to pay out of pocket each year
#11
What is a Health Savings Account (HSA) commonly used for in health insurance?
To pay for premiums
To cover routine check-ups
To save for medical expenses tax-free
To pay for emergency room visits
#12
What is the role of a health insurance broker?
To provide medical care
To sell insurance policies directly to consumers
To advise individuals and businesses on insurance options
To process insurance claims
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