#1
What is the main benefit of having a health insurance policy?
To provide financial assistance in case of medical emergencies
ExplanationFinancial assistance for medical emergencies
#2
What is a pre-existing condition in the context of health insurance?
A condition that existed prior to the start of the insurance coverage
ExplanationCondition existing before coverage
#3
Which federal program provides health coverage to individuals aged 65 and older?
Medicare
ExplanationHealth coverage for 65+
#4
What is the 'grace period' in a health insurance policy?
The period after the policy expires during which the insured person can renew without penalty
ExplanationRenewal period after policy expiration
#5
Which government agency regulates health insurance at the federal level in the United States?
Centers for Medicare & Medicaid Services (CMS)
ExplanationFederal agency for health insurance regulation
#6
What does the term 'premium' refer to in health insurance?
The amount the insured person pays to the insurance company for coverage
ExplanationAmount paid for insurance coverage
#7
Which of the following is not a type of health insurance plan?
MCO
ExplanationMCO is not a type of health insurance plan
#8
Which of the following is not typically covered by a standard health insurance policy?
Cosmetic surgeries
ExplanationExclusion of cosmetic surgeries
#9
What does 'deductible' refer to in health insurance?
The maximum amount the insured person can pay out-of-pocket in a policy period before the insurer starts to pay
ExplanationMaximum out-of-pocket before insurer pays
#10
Which type of health insurance plan typically offers the most flexibility in choosing healthcare providers?
Preferred Provider Organization (PPO)
ExplanationPPO offers flexible provider choice
#11
What is the purpose of a Health Savings Account (HSA)?
To save money tax-free for medical expenses
ExplanationTax-free savings for medical expenses
#12
What is the 'out-of-pocket maximum' in a health insurance policy?
The maximum limit on the total amount the insured person will have to pay in a policy period
ExplanationMaximum amount insured has to pay
#13
What is 'prior authorization' in the context of health insurance?
A requirement for the insured person to obtain approval from the insurer before certain medical services are provided
ExplanationApproval requirement for certain medical services
#14
Which of the following is a factor that can affect health insurance premiums?
Age
ExplanationAge as a factor affecting premiums
#15
What is 'coinsurance' in the context of health insurance?
A percentage of the covered expenses that the insured person must pay
ExplanationPercentage of expenses insured must pay
#16
What does 'network' refer to in the context of health insurance?
A group of healthcare providers who have contracted with the insurance company
ExplanationProviders contracted with the insurer
#17
What is the purpose of 'coordinated care' in healthcare?
To ensure that patients receive comprehensive, efficient, and effective healthcare services
ExplanationEnsuring comprehensive and efficient healthcare services
#18
What is 'essential health benefits' in the context of health insurance?
Services that must be covered by all health insurance plans under the Affordable Care Act
ExplanationServices required to be covered by all plans under ACA
#19
Which of the following is a characteristic of a high-deductible health plan (HDHP)?
Low premiums and high deductibles
ExplanationHDHPs have low premiums and high deductibles