Health Insurance Vocabulary Quiz

What is the monthly payment you make to maintain health insurance coverage?

• Deductible

• Premium

• Co-Pay

• Co-Insurance

What do you call the amount you must pay before your insurance starts paying for covered services?

• Premium

• Co-Pay

• Deductible

• Preventive Care

What is the most money you’ll pay in a year before your insurance covers 100% of costs?

• Out-of-Pocket Maximum

• Deductible

• Premium

• Flexible Spending Account

What kind of care is designed to stop illness before it happens, like vaccines and screenings?

• Preventive Care

• Emergency Care

• Surgical Care

• Urgent Care

What is the fixed fee you pay at the time of a service, like a $20 doctor’s visit?

• Co-Insurance

• Premium

• Co-Pay

• Open Enrollment

After you pay your deductible, what is the percentage of the bill you’re responsible for?

• Premium

• Co-Pay

• Deductible

• Co-Insurance

What do you call providers who are part of your insurance company’s network, often offering lower costs?

• Out-of-Network

• HMO

• In-Network

• POS

What happens when you visit a doctor who is not part of your insurance network?

• You are denied coverage

• You typically pay more

• You get reimbursed fully

• It’s considered preventive care

What law was created to make healthcare more affordable and expand coverage?

• Health Freedom Act

• Health Savings Act

• Medicare Act

• Affordable Care Act

What kind of tax-free savings account is used for medical expenses and available with high-deductible plans?

• FSA

• HSA

• PPO

• POS