Health Insurance Test

Front

A(n) _________ is the amount of money you must pay each year before your insurance company starts paying

Back

deductible

Front

_______________ requires you to pay either a set amount or a certain percent of medical expenses

Back

co-insurance

Front

A(n) ____________ is a predetermined flat fee you pay for health care services

Back

co-payment

Front

You have reached your deductible of $2000, but you have not reached your maximum out-of-pocket limit of $4000 and your co-insurance begins. Your co-insurance is 20%. How much do you have to pay if you go to the doctor and the visit is $150?

Back

30

Front

You have reached your $5000 out-of-pocket limit. You need to go to the emergency room and it cost $1700. How much will your insurance pay?

Back

$1700

Front

Insured

Back

The policy holder or subscriber

Front

Health insurance policy

Back

A contract between you and an insurance company.

Front

Provider

Back

A health professional who provides services

Front

Group Insurance

Back

Insurance coverage offered to employees by the employer

Front

What does a $1,500 deductible mean in a health insurance plan?

Back

She is responsible for paying $1,500 of her medical expenses before her insurance starts to pay.