Health Insurance Policy Provisions and Renewability Quiz
Understand key provisions like lifetime renewability, pre-existing conditions, and more. Get informed about your health insurance policy today!
#1
Which of the following is a common provision in health insurance policies?
Lifetime renewability
Unlimited coverage
Guaranteed acceptance
No claim bonus
#2
What is the purpose of a pre-existing condition clause in a health insurance policy?
To provide coverage for conditions developed after policy purchase
To exclude coverage for conditions present before policy purchase
To offer discounted premiums for healthy individuals
To provide coverage for emergency medical care only
#3
What does 'co-payment' mean in health insurance policies?
The initial amount the policyholder pays before insurance coverage kicks in
The percentage of medical expenses paid by the insurer
The annual limit on out-of-pocket expenses
The additional premium paid for extended coverage
#4
What is the purpose of a 'deductible' in health insurance policies?
To reduce the policy premium
To limit the total payout by the insurer
To cover only specific types of medical expenses
To determine the maximum coverage amount
#5
What does 'lifetime renewability' in health insurance policies mean?
The policyholder can renew the policy every year until death
The policy remains in force for the entire life of the policyholder
The insurer guarantees to renew the policy without any age-related restrictions
The policy automatically renews after each term without any paperwork
#6
Which provision ensures that an insurer cannot reject the renewal of a health insurance policy based on claims history?
Portability
Guaranteed renewability
Pre-existing condition clause
Exclusions
#7
Under what circumstances can an insurer refuse to renew a health insurance policy?
If the policyholder has a pre-existing medical condition
If the policyholder fails to pay premiums
If the policyholder makes too many claims
If the policyholder changes jobs
#8
Which provision in health insurance policies allows policyholders to accumulate benefits for each claim-free year?
Pre-existing condition clause
Guaranteed acceptance
No-claim bonus
Subrogation
#9
Which of the following provisions allows policyholders to switch their health insurance policy from one insurer to another without losing benefits?
Portability
Renewability
No-claim bonus
Subrogation
#10
Which provision ensures that policyholders have the right to receive a written explanation if their health insurance claim is denied?
Pre-existing condition clause
Free look period
Claim settlement ratio
Reasonable notification requirement
#11
What does the 'free look period' in health insurance policies refer to?
The period during which a policyholder can cancel the policy and get a refund
The time allowed to submit a claim without providing medical records
The duration between policy renewal notices
The period during which coverage is provided without premium payments
#12
Which provision ensures that policyholders can transfer the benefits of their existing health insurance policy to a new policy with another insurer?
Renewability
Portability
No-claim bonus
Subrogation
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