#1
Which of the following is not a type of health insurance plan?
Health Maintenance Organization (HMO)
Preferred Provider Organization (PPO)
Healthcare Accounting Organization (HAO)
Exclusive Provider Organization (EPO)
#2
What is the main function of a Health Maintenance Organization (HMO)?
To provide health insurance coverage to only certain regions
To offer a wide range of healthcare providers
To manage and coordinate healthcare services for members
To reimburse members for out-of-pocket expenses
#3
What is a Health Savings Account (HSA) primarily used for?
To pay for medical expenses with pre-tax dollars
To invest in the stock market
To purchase health insurance policies
To pay for non-health related expenses
#4
Which of the following is not a typical coverage area for health insurance plans?
Hospitalization
Dental care
Vision care
Automobile repairs
#5
Which of the following is a characteristic of a Point of Service (POS) health insurance plan?
It requires referrals to see specialists
It does not cover out-of-network services
It has fixed copayments for all services
It does not require a primary care physician
#6
Which federal program provides health coverage to low-income individuals and families?
Medicaid
Medicare
CHIP
TRICARE
#7
What is the purpose of a Preferred Provider Organization (PPO)?
To restrict members to a specific network of healthcare providers
To provide healthcare services only in emergencies
To offer discounted rates for using in-network providers
To cover preventive care exclusively
#8
What is COBRA in relation to health insurance?
A type of health insurance plan
A federal law that allows individuals to continue their group health insurance coverage after leaving employment
A government agency overseeing health insurance regulations
A healthcare provider network
#9
Which of the following is true regarding pre-existing conditions under the Affordable Care Act (ACA)?
Insurers can deny coverage based on pre-existing conditions
Insurers cannot charge higher premiums for pre-existing conditions
Pre-existing conditions are not covered under any circumstance
Pre-existing conditions can lead to immediate cancellation of coverage
#10
What does the term 'out-of-pocket maximum' refer to in health insurance?
The maximum amount of money an individual can spend on healthcare in a year
The amount of money an individual pays for insurance premiums
The maximum amount of money an individual can spend on non-healthcare expenses
The amount of money an individual pays for prescription drugs
#11
Which of the following is a characteristic of a High Deductible Health Plan (HDHP)?
It offers low deductibles and high premiums
It is not compatible with Health Savings Accounts (HSAs)
It typically has higher deductibles and lower premiums
It does not cover prescription drugs
#12
What is the purpose of a Health Reimbursement Arrangement (HRA)?
To reimburse employees for commuting expenses
To reimburse employees for healthcare expenses
To provide retirement benefits
To provide paid time off for medical appointments
#13
What is a Health Care Sharing Ministry (HCSM)?
A type of government-funded healthcare program
An organization where members contribute funds to cover each other's medical expenses
A network of hospitals and healthcare providers
A type of health insurance plan exclusively for government employees
#14
What is a Health Care Flexible Spending Account (FSA) used for?
To invest in the stock market
To reimburse employees for commuting expenses
To save pre-tax dollars for eligible medical expenses
To pay for gym memberships
#15
What is the main purpose of a High Deductible Health Plan (HDHP)?
To offer comprehensive coverage with low deductibles
To encourage cost-saving behaviors by requiring higher out-of-pocket expenses
To provide unlimited coverage for all medical expenses
To limit coverage to specific medical procedures