#1
What is the minimum age requirement to qualify for Medicare in the United States?
65
ExplanationMedicare eligibility age.
#2
Which of the following is NOT typically covered by basic health insurance plans?
Cosmetic surgery
ExplanationExclusion from basic health insurance coverage.
#3
What is the purpose of a health insurance deductible?
To determine the cost-sharing amount between the insured and the insurer
ExplanationRole of health insurance deductible.
#4
Which government program provides health insurance coverage for low-income individuals and families in the United States?
Medicaid
ExplanationProgram for low-income healthcare coverage.
#5
What is the 'grace period' in the context of health insurance?
The period after a missed premium payment when coverage remains active
ExplanationExplanation of grace period in health insurance.
#6
What does COBRA stand for in the context of health insurance?
Consolidated Omnibus Budget Reconciliation Act
ExplanationAbbreviation for health insurance continuation law.
#7
In health insurance, what is a 'pre-existing condition'?
A medical condition that exists before someone applies for or enrolls in a new health insurance policy
ExplanationDefinition of pre-existing condition.
#8
What does the term 'network' refer to in the context of health insurance?
The group of healthcare providers, hospitals, and facilities contracted with an insurance company
ExplanationDefinition of network in health insurance.
#9
What is the purpose of a health insurance copayment?
To share the cost of healthcare services between the insured and the insurer
ExplanationRole of health insurance copayment.
#10
What does EOB stand for in health insurance terminology?
Explanation of Benefits
ExplanationAbbreviation for health insurance document.
#11
Which of the following is an example of a health insurance premium?
The fee charged by the insurance company for coverage
ExplanationExplanation of health insurance premium.
#12
Which of the following is an example of a health insurance coinsurance?
The percentage of healthcare costs shared by the insured after reaching the deductible
ExplanationDefinition of health insurance coinsurance.
#13
What is a 'health savings account' (HSA) often used for?
To pay for healthcare expenses not covered by insurance
ExplanationPurpose of health savings account.
#14
What is 'Medigap' insurance?
Supplemental insurance sold by private companies to cover healthcare costs not covered by Medicare
ExplanationDefinition of Medigap insurance.
#15
What is the purpose of a 'health insurance exchange'?
To provide a marketplace for individuals and small businesses to purchase health insurance
ExplanationRole of health insurance exchange.