#1
What is a premium in health insurance?
A type of policy
The amount paid for coverage
An insurance company
A health condition
#2
In health insurance, what is a pre-existing condition?
A medical condition that is excluded from coverage
A condition that only occurs after purchasing insurance
A condition that existed before getting insurance coverage
A condition that is covered without any restrictions
#3
What is the purpose of a health insurance rider?
A person who rides motorcycles and needs health coverage
An additional provision added to a health insurance policy to expand coverage
The insurance company's representative
The premium paid for coverage
#4
What is the role of an insurance premium in health coverage?
A fee charged by the government
The total cost of medical treatment
The amount paid for health coverage
The waiting period before coverage begins
#5
What is the purpose of a Health Insurance Exchange?
A marketplace where individuals and small businesses can compare and purchase health insurance plans
A government agency overseeing healthcare providers
An insurance company
A type of health policy
#6
What does the term 'deductible' refer to in health insurance?
The maximum coverage limit
The initial out-of-pocket amount paid by the insured
The waiting period before coverage begins
The premium payment frequency
#7
What is a Health Savings Account (HSA) used for?
Investing in the stock market
Saving money for future medical expenses
Paying for daily living expenses
Funding a vacation
#8
What is the grace period in health insurance?
The time during which a policyholder can renew a lapsed policy without losing coverage
The period when coverage is temporarily suspended
The waiting period for new policyholders
The time allowed for filing a claim
#9
What is the role of a health insurance broker?
Providing medical care
Selling insurance policies on behalf of insurance companies
Evaluating claims
Setting premium rates
#10
What is the Coinsurance feature in health insurance?
The percentage of costs covered by the insurance company
A type of policy
A deductible amount
A waiting period
#11
What is a Health Maintenance Organization (HMO) in health insurance?
A group of healthcare providers working independently
A network of hospitals
An insurance policy for maintaining good health
A type of managed care organization
#12
What is the purpose of a health insurance claim?
To request a refund of the premium
To report a loss to the insurance company
To request pre-authorization for medical treatment
To request payment for covered medical expenses
#13
What is a copayment in health insurance?
The total cost of medical treatment
A fixed amount paid by the insured for each covered healthcare service
The percentage of costs covered by the insurance company
The waiting period before coverage begins
#14
What is the purpose of underwriting in health insurance?
Evaluating the risk and determining the premium
Processing claims
Advertising the insurance policy
Providing medical care
#15
What is the purpose of a health insurance network?
A group of hospitals providing free medical care
A system of healthcare providers contracted by an insurance company
A government-run health system
A type of health policy
#16
What is the role of COBRA in health insurance?
A type of health policy
A government agency overseeing health insurance
Providing coverage for dental care
Allowing individuals to continue their health coverage after job loss
#17
What is the 'out-of-pocket maximum' in health insurance?
The total cost of medical treatment
The maximum amount the insured has to pay for covered services in a policy period
The deductible amount
The waiting period before coverage begins
#18
What does the term 'coordination of benefits' mean in health insurance?
Balancing healthcare expenses with other living costs
A process of aligning different insurance policies to avoid overpayment
Coordinating medical appointments
A type of health coverage
#19
What is a Health Reimbursement Account (HRA) used for?
Investing in the stock market
Saving money for retirement
Reimbursing employees for qualified medical expenses
Paying for vacation expenses