Health Insurance

Who qualifies to receive federally subsidized care through Medicare?

• All taxpayers

• People over the age of 65 and those with some disabilities

• Children under the age of 18

• Self-employed individuals

Who qualifies to receive federally subsidized care through Mediciad?

• All taxpayers

• People over the age of 65

• Citizens living in poverty

• Self-employed individuals

What type of health insurance plans require policyholders to get their care from a network of designated healthcare providers?

• Emergency care plans

• Managed care insurance plans

• Government-subsidized plans

• Direct purchase plans

Which type of managed care plan requires a primary care physician to oversee the patient's care?

• HMOs and POS plans

• PPOs

• Direct purchase plans

• Catastrophic plans

What is a deductible in health insurance plans?

• The maximum amount a policyholder can spend in a year

• The monthly cost of the health insurance plan

• A set fee for specific services

• The amount that the customer must pay out of pocket every year before the insurer begins to meet the costs

What do higher out-of-pocket costs in an insurance plan generally mean for monthly premiums?

• Smaller monthly premiums

• Variable monthly premiums

• Higher monthly premiums

• No change in monthly premiums

What is the main advantage of having health insurance through an employer?

• Automatic qualification for premium subsidies

• No need for out-of-pocket payments

• Access to a wider network of doctors

• Employers pay a portion of workers’ insurance premiums

Which type of health insurance plan typically requires referrals to see specialists?

• HMO and POS plans

• PPO plans

• Catastrophic plans

• Short-term health plans

Which type of health insurance plan does not require referrals to see specialists?

• HMO plans

• PPO plans

• POS Plans

• Short-term health plans

What is a key consideration when comparing health insurance plans?

• Out-of-pocket costs

• Color of the insurance card

• Number of advertisements

• Brand popularity