10c Health Insurance Quiz

What is the purpose of health insurance?

• To provide free food and friendly colleagues

• To reduce the costs associated with medical bills

• To offer discounts on travel expenses

• To cover the costs of shopping

What is the purpose of a deductible in health insurance?

• To determine the amount the insured must pay before the insurer starts paying their share

• To cover the costs of routine services like doctor's visits

• To calculate the total medical expenses for the insured

• To set a limit on the out-of-pocket expenses for the insured

What is coinsurance in health insurance?

• The maximum amount of medical expenses the insured has to pay each year

• The percentage of costs the insured must meet after the deductible has been met

• A flat fee associated with a specific routine event

• The amount the insured must pay each year before the insurer starts paying their share

What is the purpose of an out-of-pocket maximum in health insurance?

• To cover the costs of routine services like doctor's visits

• To calculate the total medical expenses for the insured

• To determine the amount the insured must pay before the insurer starts paying their share

• To set the maximum amount of medical expenses the insured has to pay each year before the insurer pays the rest

How much did Susie have to pay for a $100,000 medical bill with her health insurance plan?

• $1,000

• $5,000

• $10,000

• $20,000

What is a copay in health insurance?

• A flat fee associated with a specific routine event

• The percentage of costs the insured must meet after the deductible has been met

• The amount the insured must pay each year before the insurer starts paying their share

• The maximum amount of medical expenses the insured has to pay each year before the insurer pays the rest