Health Insurance Quiz

What is the purpose of health insurance?

• To protect individuals and families from unexpected healthcare expenses

• To increase the profits of the healthcare industry

• To burden individuals and families with healthcare expenses

• To reduce the number of uninsured individuals

What is the premium in health insurance?

• The amount paid by the patient before the insurance agency will begin to make payments

• The percentage of costs of a healthcare service that are paid by the patient after they have paid the deductible

• A medical bill that must be paid by the patient

• The amount paid to an insurance agency for a health insurance policy

What is the deductible in health insurance?

• The amount paid by the patient before the insurance agency will begin to make payments

• The percentage of costs of a healthcare service that are paid by the patient after they have paid the deductible

• A medical bill that must be paid by the patient

• The amount paid to an insurance agency for a health insurance policy

What is co-payment in health insurance?

• The amount paid by the patient before the insurance agency will begin to make payments

• The percentage of costs of a healthcare service that are paid by the patient after they have paid the deductible

• A medical bill that must be paid by the patient

• An amount paid by the patient for a certain service

What is healthcare fraud?

• A crime where a provider, employee, or patient intentionally submits false or misleading health information

• The amount paid by the patient before the insurance agency will begin to make payments

• The percentage of costs of a healthcare service that are paid by the patient after they have paid the deductible

• A medical bill that must be paid by the patient

What is an example of healthcare fraud?

• Using someone's health information as if it were your own

• Providing or receiving money for participating in any of the fraud schemes listed above

• Delivering unnecessary medical services

• Misrepresenting the nature of medical services provided to obtain higher reimbursement

When was major medical insurance widely available?

• 1914

• 1950s

• 1970s

• 2010

Who typically purchases individual health insurance?

• Early retirees

• Employees of small businesses

• Self-employed individuals

• All of the above

What is the most common way to obtain private health insurance?

• Purchasing an individual plan

• Purchasing a group plan through an employer

• Purchasing a group plan through a professional organization

• Purchasing a group plan through a union

What is the primary goal of managed care?

• Promoting good health

• Practicing preventive medicine

• Reducing the cost of medical expenses

• All of the above