#1
What is the main function of health insurance?
To provide financial protection against medical expenses
ExplanationFinancial safeguard for medical costs
#2
Which of the following is not a type of health insurance plan?
FDA
ExplanationFDA is not a health insurance plan type
#3
What does the term 'co-pay' mean in health insurance?
The portion of the medical bill the insured pays out of pocket
ExplanationOut-of-pocket payment for medical services
#4
Which country is known for having a healthcare system with universal coverage?
Canada
ExplanationUniversal healthcare system country
#5
What is the Affordable Care Act (ACA) also known as?
Obamacare
ExplanationAlternative name for ACA
#6
Which of the following statements about Medicare is true?
Medicare provides health insurance primarily for individuals over 65 and some younger people with disabilities
ExplanationHealth coverage for seniors and disabled individuals
#7
What is the purpose of a health savings account (HSA)?
To save money for future medical expenses on a tax-free basis
ExplanationTax-advantaged savings for medical costs
#8
What is the role of Medicaid in the United States?
Providing health insurance to low-income individuals and families
ExplanationHealth coverage for low-income individuals
#9
In a fee-for-service healthcare system, how are healthcare providers reimbursed?
Based on each service or procedure they perform
ExplanationPayment per service or procedure
#10
What is a pre-existing condition in the context of health insurance?
A medical condition that existed before applying for or purchasing health insurance
ExplanationExisting medical condition prior to insurance purchase
#11
What does the term 'out-of-pocket maximum' refer to in health insurance?
The maximum amount the insured must pay towards covered medical expenses in a plan year
ExplanationUpper limit on insured medical costs
#12
Which of the following healthcare systems is primarily funded through taxation?
Single-payer system
ExplanationTax-funded healthcare system