Health Insurance Terminology Quiz

What does "Out-of-pocket costs" refer to in health insurance?

• The cost you pay each month for the insurance policy

• Amount paid to patient toward the cost of healthcare services

• What the insured person pays, which varies and is hard to estimate

• Percent of treatment cost shared by the patient

What is the term for the cost you pay each month for the insurance policy?

• Premium

• Deductible

• Co-payment

• Reimbursement

What is "Employer-sponsored insurance"?

• Health insurance coverage provided to employees and their families as part of their jobs

• A federal program of health insurance for persons 65 years of age and older

• A health care system whose goals are to provide cost-effective quality care

• Insurance plan in which a patient may choose an HMO or a non-HMO provider

What is "private insurance"?

• Health insurance coverage provided to employees and their families as part of their jobs

• Purchased by an individual

• A health care system whose goals are to provide cost-effective quality care

• A federal program of health insurance for persons 65 years of age and older

What is "managed care"?

• A health care system whose goals are to provide cost-effective quality care

• Health insurance coverage provided to employees and their families as part of their jobs

• A federal program of health insurance for persons 65 years of age and older

• Insurance plan in which a patient may choose an HMO or a non-HMO provider

What is a "Preferred Provider Organization (PPO)"?

• An organization that provides comprehensive medical care to subscribers for a fixed fee

• Group of healthcare providers that provide services to a specific group, often at a reduced rate

• A federal program of health insurance for persons 65 years of age and older

• Health insurance coverage provided to employees and their families as part of their jobs

What is a "Health Maintenance Organization (HMO)"?

• An organization that provides comprehensive medical care to subscribers for a fixed fee

• Group of healthcare providers that provide services to a specific group, often at a reduced rate

• A federal program of health insurance for persons 65 years of age and older

• Health insurance coverage provided to employees and their families as part of their jobs

What is a "Point of Service (POS)" insurance plan?

• A health care system whose goals are to provide cost-effective quality care

• Insurance plan in which a patient may choose an HMO or a non-HMO provider but must pay a deductible for using a non-HMO provider

• Group of healthcare providers that provide services to a specific group, often at a reduced rate

• Health insurance coverage provided to employees and their families as part of their jobs

What is "Medicare"?

• Health insurance coverage provided to employees and their families as part of their jobs

• A federal program of health insurance for persons 65 years of age and older

• An organization that provides comprehensive medical care to subscribers for a fixed fee

• Group of healthcare providers that provide services to a specific group, often at a reduced rate

What is Medicaid?

• A federal and state assistance program that pays for health care services for people who cannot afford them.

• A private insurance plan for wealthy individuals.

• A state-only program for elderly care.

• A federal program for military personnel.