Health Insurance Coverage and Provider Networks Quiz

HMO (Health Maintenance Organization) is a basic type of health insurance plan that requires members to choose a primary care physician and get referrals to see specialists.

Medicaid is the government program that provides health coverage for low-income individuals and families.

The type of health insurance plan that typically requires a primary care physician and referrals to see specialists is an HMO (Health Maintenance Organization).

The term 'premium' in health insurance refers to the monthly cost of the insurance policy that policyholders pay to maintain coverage.

The purpose of a health insurance deductible is to set a minimum out-of-pocket expense that policyholders must pay before their coverage starts.

The purpose of a health insurance copayment is to share the cost of medical services between the insured individual and the insurance company.

In health insurance, an 'exclusion' is a provision that specifies what is not covered by the insurance policy.

In health insurance, 'coinsurance' is a percentage of the medical expenses shared by the insured individual and the insurance company.

Medicare is the federal program that provides health coverage for individuals aged 65 and older.

In health insurance, a 'network' refers to a group of healthcare providers and facilities that are covered by an insurance plan.

The purpose of a health insurance network provider is to offer medical services within the designated network covered by the insurance plan.

The 'grace period' in health insurance is the time after missing a premium payment during which coverage continues.

The role of a health insurance 'underwriter' is to assess and evaluate insurance risks, determining the eligibility and coverage for policyholders.