#1
What is the main benefit of health insurance supplements?
Enhancing existing health insurance coverage
ExplanationExpands and improves coverage beyond basic insurance plans.
#2
Which of the following is NOT typically covered by health insurance supplements?
Cosmetic surgery
ExplanationExclusions often include elective cosmetic procedures.
#3
What is a Health Maintenance Organization (HMO)?
A managed care plan that requires members to choose a primary care physician
ExplanationA structured plan where members select a primary doctor for coordinated care.
#4
Which of the following statements about health insurance supplements is TRUE?
They often cover services not included in basic health insurance plans
ExplanationSupplements frequently provide additional services beyond basic plans.
#5
What is a copayment in health insurance supplements?
A fixed amount paid by the insured for a covered service at the time of service
ExplanationSet fee paid by the insured for each covered service.
#6
Which government program provides health insurance supplements for individuals aged 65 and older in the United States?
Medicare
ExplanationFederal program providing health coverage for seniors.
#7
What is the purpose of a health insurance supplement rider?
To provide additional coverage for specific conditions or treatments
ExplanationAdded coverage for particular medical needs.
#8
What is a deductible in the context of health insurance supplements?
The amount of money you pay out of pocket before your insurance coverage kicks in
ExplanationInitial out-of-pocket payment before insurance benefits apply.
#9
What is the purpose of catastrophic health insurance supplements?
To offer coverage for catastrophic events, such as serious accidents or illnesses
ExplanationProtection against major, unexpected medical expenses.