#1
What is the primary purpose of health insurance?
To provide financial assistance for purchasing groceries
To cover medical expenses and protect against high costs
To invest in stock markets
To buy luxurious items
#2
Which government program provides health insurance coverage primarily for people aged 65 and older?
Medicaid
Medicare
Obamacare
CHIP
#3
Which of the following is NOT typically covered by standard health insurance plans?
Doctor visits
Prescription drugs
Cosmetic surgery
Emergency room visits
#4
What is the purpose of a health insurance deductible?
To limit the number of healthcare providers a patient can visit
To determine eligibility for coverage
To specify the maximum amount the insured must pay before coverage begins
To regulate the types of medical procedures covered
#5
Which of the following is a type of managed care plan that combines features of HMOs and PPOs?
Medicaid
Medicare Advantage
TRICARE
SCHIP
#6
What is the name of the federal health insurance program for low-income individuals and families?
Medicare
Obamacare
Medicaid
SCHIP
#7
Which part of Medicare covers hospital stays and inpatient care?
#8
What is the purpose of the 'Medigap' policy in Medicare?
To provide additional coverage for prescription drugs
To cover expenses not paid by original Medicare
To provide transportation services for seniors
To fund research on new medical technologies
#9
What does COBRA stand for in the context of health insurance?
Continued Online Benefit Reimbursement Agreement
Consolidated Omnibus Budget Reconciliation Act
Comprehensive Outpatient Benefit and Recovery Assistance
Coordinated Observation of Benefits and Resources Act
#10
What does the term 'out-of-pocket maximum' refer to in health insurance?
The maximum amount the insurance company will pay for covered services
The maximum amount the insured must pay for covered services in a year
The deductible amount required before coverage begins
The amount the insured must pay before the insurance company contributes
#11
What is the 'donut hole' in Medicare Part D coverage?
A gap in prescription drug coverage
A type of exercise routine
A special discount for seniors
An extra coverage for dental care
#12
Which of the following is NOT a factor that influences health insurance premiums?
Age
Gender
Ethnicity
Location
#13
What is the difference between HMO and PPO health insurance plans?
HMO plans provide more flexibility in choosing healthcare providers
PPO plans require referrals for specialist visits
HMO plans typically have lower out-of-pocket costs
PPO plans do not require primary care physician selection
#14
In the context of health insurance, what does 'network' refer to?
A group of hospitals that provide emergency care
The internet connection used to access insurance information
A group of doctors, hospitals, and other healthcare providers that have agreements with an insurance company
A set of guidelines for determining coverage eligibility
#15
What is the purpose of a Health Reimbursement Arrangement (HRA)?
To provide financial assistance for purchasing groceries
To reimburse employees for eligible medical expenses
To fund retirement savings accounts
To offer discounts on gym memberships