Health Insurance

What is the amount called the insured person must meet by paying out of pocket before the health insurance pays anything?

• Co-payment
• Out of pocket
• Co- Insurance
• Deductible

Your health insurance has a $2000 deductible and a $100 per day co-payment for hospital stays. You get sick and are hospitalized for 2 days. The bill comes to $4000. How much of this bill do you have to pay?

• $2000
• $4000
• $2200
• $1800

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?

• $150
• $30
• $120
• $0

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?

• $1700
• $0
• $1360

The maximum that one would have to pay for any and all in-network health services in a given year.

• deductible
• premium
• out-of-pocket limit
• co-insurance amount

Federal health insurance program for people who are age 65 or older and certain younger people with disabilities.

• Medicaid
• Medicare
• Obamacare
• Affordable Care Act

a fixed amount you pay for a service

• co-insurance
• co-pay
• premium
• claim

cost of your insurance that you pay each month

• co-pay
• deductible
• premium
• co-insurance

What is a PPO?

• Preferred Provider Organization.
• Preferred Plan Organization.
•  Provider Plan Organization.
• None of the above.

When do you stop paying money for health care?

• After your out-of-pocket maximum
• After 6 months
• After $500
• After you have a family