Insurance Plans

Health insurance operates by collecting a fee to cover health care. This fee is called a...?

• Copay

• Deductible

• Premium

• None of the above

Insurance that covers the medical costs of an injury sustained while on the job is called?

• Workers' Compensation

• Bonus

• Medicaid

• Medicare

The amount that the insured has to pay is called....?

• Premium

• Copay

• Deductible

• All of the above

Copays can be required for a variety of medical services, including visits to specialists, hospital stays, or prescription drugs.

• True

• False

This government insurance program provides health insurance for those over 65 and those who live on Social Security because of physical disabilities that make it impossible for them to support themselves.

• Medigap

• Medicare

• Medicaid

• Tricare

Those on Medicaid are usually low-income families, children who qualify for assistance, and individuals with disabilities.

• True

• False

This type of government sponsored health insurance provides for the medical needs of those serving on active duty in the armed forces.

• Medicaid

• Medicare

• TRICARE

• Medigap

Many health insurance plans will require a _______, an amount contributed by the patient.

• Premium

• Deductible

• Bonus

• Copay

A PPO(preferred provider organization is both a health service and health insurance.

• True

• False

Which of the following is a type of coverage under Medicare?

• Medicare Part A

• Medicare Part B

• Medicare Part D

• All of the above