NEW
Font size
S
M
L
XL
WorksheetsInsurance Review
Total questions: 24
Worksheet time: 12mins
Name
Class
Date
1.
Which of the following is not a type of health insurance managed care plan?
a)
Health Maintenance Organization (HMO)
b)
Preferred Provider Organization (PPO)
c)
Health Provider Organization (HPO)
d)
Point of Service (POS)
2.
Students who have health care coverage through their parents have the option of staying on the plan until age 26 because of the Affordable Care Act
a)
True
b)
False
3.
Your employer’s health insurance company must provide you with coverage but isn’t obligated to cover costs associated with your preexisting condition
a)
True
b)
False
4.
The only way to get health insurance coverage is through an employer
a)
True
b)
False
5.
A __________ is a policyholder's formal request to the insurance company for payment of losses
a)
policy
b)
claim
c)
coverage
policyholder
policyholder
d)
premium
prremium
prremium
6.
The amount of money that policyholders must pay toward their own covered expenses before the insurance company pays any of the costs is known as _______________.
a)
deductible
b)
provisions
c)
claim
co-insurance
co-insurance
d)
exclusions
7.
______ is insurance paid out for job related injuries, illness, or death.
a)
COBRA
b)
Worker's Compensation
c)
Health Maintenance Organization
d)
Managed Care Plans
8.
____________ is insurance which pays medical expenses for people 65 and older
a)
Medicaid
b)
Medicare
c)
Social Security
d)
Disability
9.
___________ pays a portion of your salary if you are unable to work because of illness or injury
a)
Major Medical Insurance
b)
Basic Hospital Insurance
c)
Disability Income Insurance
d)
Workers Compensation
10.
Benefits are only paid if the policyholder dies WITHIN that period
a)
Term Life Insurance
b)
Permanent Life Insurance
11.
A % of the total cost a person may pay once the deductible is met
a)
co-pay
b)
out of pocket
c)
co-insurance
d)
premium
12.
what does PPO stand for?
a)
partner plan organization
b)
preferred provider organization
c)
preferred payment organization
d)
Neither
13.
With ____________ you can continue your former health insurance coverage (for a fee) for up to 18 months after you leave your company
a)
Workers compensation
b)
Disability
c)
Long-term care insurance
d)
COBRA
14.
Which type of health care policy requires you to always see a primary care physician before you can receive a referral to see a specialist?
a)
Health Maintenance Organization (HMO)
b)
Preferred Provider Organization (PPO)
15.
HMO’s (Health Maintenance Organization) will pay only for services provided by doctors and hospitals in the health plan network
a)
True
b)
False
16.
This will cost you LESS but you will have LESS options and choice?
a)
HMO
b)
PPO
17.
__________ Life Insurance policies give you protection for your entire life
a)
Term
b)
Permanent
18.
If the insured person dies, their ____________ will receive the proceeds
a)
Spouse
b)
Children
c)
Beneficiary
d)
Life Insurance Company
19.
Your _____________ will be protected by your life insurance policy if you were to pass away
a)
Spouse
b)
Dependents
c)
Assets
d)
Children
20.
This life insurance policy has a savings feature (think cash value)
a)
Term
b)
Permanent
21.
This is the only type of insurance where the person paying for it will not get any of the benefit.
a)
Life insurance
b)
Disability insurance
c)
Renters insurance
d)
Auto insurance
22.
The amount of money paid to your beneficiary upon your death
a)
Health Savings Account
b)
Cash Value
c)
Deductible
d)
Death Benefit
23.
Bill = 586,900
Deductible = 1,000
Co=insurance = 80/20
How much do you pay?
Deductible = 1,000
Co=insurance = 80/20
How much do you pay?
a)
$1,000
b)
$118,180
c)
$461,520
d)
$576,900
24.
Bill = $14,700
Deductible = $500
Co-insurance = 80/20
How much do you pay?
Deductible = $500
Co-insurance = 80/20
How much do you pay?
a)
$5,680
b)
$14,200
c)
$7,500
d)
$3,340
Reset
