Healthcare Insurance Quiz

What is the purpose of Malpractice Insurance?

• To cover the medical costs for patients

• To protect doctors and healthcare providers from costs associated with mistakes made while treating a patient

• To provide health insurance for low-income individuals and families

• To cover hospital stays, medical services, and prescription drugs for people aged 65 and older

What is a Generic Drug?

• A brand-name drug that is more expensive

• A medication that requires a referral to see specialists

• A medication that has the same active ingredients as a brand-name drug but is usually less expensive

• A supplemental insurance policy

What does Fee-for-Service Plan refer to in healthcare?

• A plan where you pay a fixed amount per patient per period

• A plan where you pay for each medical service you receive, such as doctor visits or tests

• A type of health insurance plan that requires referrals to see specialists

• A federal health insurance program for people aged 65 and older

What is Coinsurance?

• The fixed amount of money you pay for a medical service at the time of service

• The average cost for a medical service in a specific area

• The portion of medical costs that you have to pay after you've met your deductible

• The payment healthcare providers receive per patient per period

What is a Health Maintenance Organization (HMO)?

• A type of health insurance plan where you pay a fixed amount per service

• A type of managed care plan where you choose a primary care physician and need referrals to see specialists

• A federal law that allows you to continue your employer-sponsored health insurance

• A federal health insurance program for low-income individuals and families

What is the difference between a Preferred Provider Organization (PPO) and a Health Maintenance Organization (HMO)?

• A PPO is a federal law that allows continuation of employer-sponsored health insurance, while an HMO is a type of managed care plan

• A PPO offers a hybrid health insurance plan, while an HMO is a type of fee-for-service plan

• A PPO allows you to see both in-network and out-of-network providers, while an HMO requires you to choose a primary care physician and need referrals

• A PPO is a federal health insurance program, while an HMO is a supplemental insurance policy

What is COBRA?

• A type of managed care plan

• A federal law that allows you to continue your employer-sponsored health insurance for a limited time after leaving your job

• A health insurance plan for people aged 65 and older

• A joint federal and state program for low-income individuals and families

What is Medicare?

• A type of health insurance for doctors and healthcare providers

• A federal health insurance program primarily for people aged 65 and older

• A health plan where you pay for each medical service you receive

• A joint federal and state program that provides health insurance coverage for low-income individuals and families

What is Medicaid?

• A supplemental insurance policy sold by private companies

• A federal law that allows continuation of health insurance after job loss

• A type of managed care plan where you choose a primary care physician

• A joint federal and state program that provides health insurance coverage for low-income individuals and families

What is Workers' Compensation?

• A document outlining the rights and responsibilities of patients.

• Insurance that provides benefits to employees who are injured or become ill as a result of their job.

• Payments made to the beneficiaries or family of a deceased person.

• A recommendation from one healthcare provider to another.