GB Ch 35.2 Quiz

What exactly is copayment?

• Percentage of medical expenses that policyholder must pay beyond deductible.

• Monthly premium policyholder must pay.

• Paying of health-care cost as a Dutch Pay

• Flat fee paid each time a service is used.

What are two examples of government health insurance

• Medicare and Medicaid

• Medicine and Medical Care

• MS and PPS

• PPO and HMO

According to Youtube Video you watched, what are 3 main ideas you need to know?

• Health-care cost, Deduction, HMO

• Premium, Deductible, Coinsurance

• Premium, Deductible, Out-of-pocket maximum

• Copayment, Coinsurance, HMO

What is Deductible?

• Amount of money you have to pay for your care before insurance company will share the cost

• Amount of money you have to pay for your care after insurance company pays some of it

• Specific percentage of health-care cost policyholder must pay.

• None of the above.

What is true about HMO?

• It works only inside a network, cheaper

• More expensive, works only inside a network.

• Work in or out-of-network, Less expensive.

• More expensive, Work in or out-of-network.

What is true about PPO?

• More expensive

• Has larger network

• Can go off network

• All of the above