Health Insurance Quiz

What is a deductible in health insurance?

• The amount you pay for covered health care services before your insurance plan starts to pay.

• The monthly fee you pay for your insurance plan.

• The total cost of your health care services.

• The amount your insurance pays for your health care services.

What is co-insurance?

• The amount you pay for covered health care after you meet your deductible.

• The total cost of your health insurance premium.

• The amount you pay before your insurance starts to cover expenses.

• The fixed amount you pay for a covered health care service.

What is the purpose of the Children's Health Insurance Program (CHIP)?

• To provide high-cost health coverage to adults

• To offer low-cost health coverage to children in families that earn too much to qualify for Medicaid

• To provide free health insurance to all children

• To offer dental insurance to children only

What is the purpose of disability insurance?

• To cover medical expenses

• To replace some income if unable to work due to illness or injury

• To pay for home repairs

• To provide life insurance benefits

What does vision insurance cover?

• The cost of dental care

• The cost of care to maintain healthy vision

• The cost of car repairs

• The cost of home insurance

What does it mean if your healthcare provider is "out of network"?

• You will receive a discount on services.

• Your healthcare provider has signed a contract with your insurance.

• The provider did not sign a contract with the insurance and you will have to pay full price for services.

• Your insurance will cover all costs.

What are exclusions in an insurance policy?

• Provisions that add coverage for specific events

• Provisions that remove coverage for specific events

• Provisions that increase premiums

• Provisions that guarantee coverage for all events

What do coverage limits determine in an insurance policy?

• The maximum amount of money an insurance company will pay for a covered claim

• The minimum premium an insurance company will charge

• The duration of the insurance policy

• The types of risks covered by the insurance policy

What is the term for the amount you pay for your health insurance every month?

• Deductible

• Copayment

• Premium

• Out-of-pocket maximum

What is the definition of "Out of Pocket Maximums"?

• The total amount of money a person spends on groceries in a year.

• The maximum amount of money a person or a family pays for covered health care services in a year.

• The minimum amount of money a person saves in a year.

• The average amount of money spent on utilities in a year.