Ch 14

Which term refers to a type of cost-sharing in a health insurance policy that requires the insured individual to pay a share of the cost of covered services up to a certain point?

• Preauthorization

• Coinsurance

• Exclusion

• Regular medical insurance

Which type of insurance specifically covers eye care and related services?

• Dental insurance

• Health insurance

• Vision care insurance

• Comprehensive medical insurance

What is the term used for a marketplace that offers standardized health insurance plans to individuals, families, and small businesses?

• Regular medical insurance

• Health insurance exchange

• Major medical insurance

• Preauthorization

What type of insurance is specifically designed to cover the costs associated with long-term medical and non-medical care for individuals with chronic illnesses, disabilities, or other conditions that prevent them from caring for themselves for long periods?

• Cancer insurance

• Long-term care (LTC) insurance

• Shared responsibility payment

• Copayment

Which term is used to describe a fixed amount a patient pays for covered health care services, usually when receiving the service?

• Shared responsibility payment

• Indemnity plan

• Health savings account (HSA)

• Copayment

Which type of insurance plan provides a cash benefit to the insured if they are diagnosed with cancer, to help cover the costs associated with cancer treatment?

• Long-term care (LTC) insurance

• Health savings account (HSA)

• Cancer insurance

• Managed care plan

What does health insurance provide protection against?

• Job loss

• Theft

• Financial loss due to illness or injury

• Natural disasters

Who can be considered a dependent in the context of health insurance?

• A neighbor

• A child, a spouse, or an elderly parent

• A distant relative

• A co-worker

What is a deductible in health insurance?

• A fixed fee for a medical service

• The amount paid after insurance covers its share

• The amount that must be paid before the insurance starts to pay

• The total cost of health insurance per year

What is coinsurance?

• A fixed annual fee for health insurance

• The percentage of medical expenses paid by the insurance

• The percentage of the service costs that patients pay after the annual deductible is met

• The total amount of money that can be spent on medical services in a year