#1
Which government program provides health coverage for low-income individuals and families in the United States?
Medicare
Medicaid
CHIP
Obamacare
#2
Which of the following is a common health insurance plan type that allows members to choose any healthcare provider?
Exclusive Provider Organization (EPO)
Health Maintenance Organization (HMO)
Preferred Provider Organization (PPO)
Point of Service (POS)
#3
What is the purpose of the Health Insurance Marketplace, also known as the Exchange, in the United States?
To regulate health insurance premiums
To provide health coverage for veterans
To facilitate the purchase of private health insurance plans
To manage the Medicaid program
#4
What is the purpose of a Health Savings Account (HSA) in the context of health insurance?
To provide coverage for dental and vision care
To save money for future medical expenses on a tax-advantaged basis
To offer low-cost preventive care services
To limit coverage to emergency medical expenses
#5
What is the role of a health insurance underwriter?
To provide medical services directly to patients
To assess and evaluate risks for insurance purposes
To sell health insurance policies
To regulate insurance premiums
#6
What is the purpose of a Health Maintenance Organization (HMO) in health insurance?
To provide coverage for preventive care only
To offer a wide range of healthcare services
To manage and coordinate healthcare services for members
To focus on emergency care exclusively
#7
Which federal agency oversees the implementation and enforcement of the Affordable Care Act (ACA) in the United States?
Department of Health and Human Services (HHS)
Centers for Medicare & Medicaid Services (CMS)
Internal Revenue Service (IRS)
Social Security Administration (SSA)
#8
What is the purpose of a High Deductible Health Plan (HDHP) in health insurance?
To provide low-cost preventive care
To offer high coverage for major medical expenses
To have a higher deductible and lower premiums
To limit coverage to a specific network of providers
#9
Which government agency administers the Medicare program in the United States?
Centers for Medicare & Medicaid Services (CMS)
Social Security Administration (SSA)
Department of Health and Human Services (HHS)
Internal Revenue Service (IRS)
#10
In health insurance terminology, what does 'deductible' refer to?
The amount paid by the insured for covered services after co-insurance
The total amount the insured pays for healthcare in a year
The fixed amount paid by the insured for covered services
The amount the insured pays for healthcare services before insurance coverage kicks in
#11
What is the primary purpose of the Affordable Care Act's individual mandate?
To provide subsidies for low-income individuals
To require individuals to have health insurance coverage
To regulate insurance premiums
To establish health insurance marketplaces
#12
What is the 'open enrollment period' in the context of health insurance?
A period when individuals can apply for Medicaid
A time frame for purchasing or changing health insurance plans
A period during which preventive services are covered at 100%
A time when pre-existing conditions are not considered for coverage
#13
In health insurance, what is a 'co-payment'?
A fixed amount paid by the insured for covered services
The total amount the insured pays for healthcare in a year
A percentage of covered expenses paid by the insured
A penalty for late premium payments
#14
What is the purpose of the Consolidated Omnibus Budget Reconciliation Act (COBRA) in relation to health insurance?
To regulate the sale of health insurance across state lines
To provide coverage for individuals with pre-existing conditions
To allow individuals to continue their health coverage after job loss
To establish standards for health insurance marketplaces
#15
What does the term 'underwriting' mean in the context of health insurance?
The process of assessing and classifying risk for insurance purposes
The process of filing a claim with the insurance company
The period during which pre-existing conditions are not covered
The practice of denying coverage based on age or gender
#16
In the context of health insurance, what is a 'formulary'?
A list of covered preventive services
A list of covered prescription drugs and their tiers
A document explaining the terms and conditions of the policy
A network of preferred healthcare providers
#17
What is the role of a health insurance broker?
To provide medical services directly to patients
To help individuals and businesses find and purchase health insurance
To regulate insurance premiums
To administer Medicaid programs