#1
What is the maximum age limit for dependents under most health insurance policies in the USA?
26 years
ExplanationMaximum age limit for dependents under health insurance policies in the USA.
#2
Which of the following is NOT typically covered by a standard health insurance policy?
Cosmetic Surgery
ExplanationCosmetic Surgery is not typically covered by standard health insurance policies.
#3
What is the term for the percentage of the total cost of a covered healthcare service that a policyholder must pay?
Co-insurance
ExplanationCo-insurance is the percentage of the total cost paid by the policyholder for covered healthcare services.
#4
What is the term for the specific amount of money a policyholder must pay for a covered healthcare service before the insurance company pays the rest?
Deductible
ExplanationDeductible is the specific amount paid by the policyholder before insurance coverage begins.
#5
What is a 'deductible' in a health insurance policy?
The amount the policyholder pays before the insurance kicks in
ExplanationDeductible is the amount paid by the policyholder before insurance coverage begins.
#6
What is the term for the maximum amount of money an insurer will pay for a covered medical service?
Lifetime maximum
ExplanationLifetime maximum is the maximum amount an insurer will pay for a covered medical service.
#7
What is the term for a healthcare provider or facility that has a contract with an insurance company to provide services at a reduced cost?
In-network provider
ExplanationIn-network provider is a healthcare provider with a contract for reduced-cost services with an insurance company.
#8
What is the term for the maximum amount of money a policyholder will have to pay for covered healthcare services in a given year?
Out-of-pocket maximum
ExplanationOut-of-pocket maximum is the maximum amount a policyholder pays for covered healthcare services in a year.