#1
Which of the following is true about Health Insurance?
It provides coverage for medical expenses.
ExplanationHealth insurance offers financial coverage for medical costs.
#2
What is the purpose of a Health Insurance policy?
To provide financial protection against medical expenses.
ExplanationHealth insurance policies aim to offer financial security for healthcare expenses.
#3
Which of the following is not typically covered by Health Insurance?
Cosmetic surgery
ExplanationCosmetic surgery is usually not covered by health insurance.
#4
In Health Insurance, what is a deductible?
The initial amount the insured must pay out-of-pocket before the insurer starts covering expenses
ExplanationDeductible is the initial out-of-pocket payment by the insured before coverage kicks in.
#5
What are patient rights in healthcare?
The right to refuse medical treatment.
ExplanationPatients possess the right to decline medical interventions.
#6
Which law in the United States protects patient privacy and confidentiality?
Health Insurance Portability and Accountability Act (HIPAA)
ExplanationHIPAA safeguards patient privacy and confidentiality in the US.
#7
What does COBRA stand for in the context of Health Insurance?
Consolidated Omnibus Budget Reconciliation Act
ExplanationCOBRA stands for the Consolidated Omnibus Budget Reconciliation Act.
#8
What is the purpose of a copayment in Health Insurance?
To share the cost of medical expenses between the insurer and the insured
ExplanationCopayments distribute medical expense costs between insurer and insured.
#9
What is the purpose of a pre-existing condition clause in a Health Insurance policy?
To limit coverage for medical conditions existing before the policy's effective date.
ExplanationPre-existing condition clauses restrict coverage for existing medical conditions.