WorksheetsPF: Chapter 9 Lesson 4 Health Insurance
Total questions: 10
Worksheet time: 5mins
What is the purpose of health insurance?
To provide financial aid for college tuition
To save money on prescription medications
To attract good job candidates
To cover medical expenses
Why is health insurance necessary even for young and healthy individuals?
To attract good job candidates
To avoid bankruptcy and foreclosure
To prepare for medical emergencies
To get a discount on medical services
Under the Affordable Care Act (ACA), until what age can a student stay on their parent's health insurance plan?
18 years old
21 years old
26 years old
30 years old
What are the two types of health insurance?
Medicare and Medicaid
Employer-sponsored health insurance and individual health insurance
HMO and PPO
Private health insurance and public health insurance
Where is the most affordable place to get private health insurance?
Through Medicaid
Through Medicare
Through your employer
Through the health insurance marketplace
What is the main difference between an HMO and a PPO?
PPOs have lower premiums but more restrictions on provider access
PPOs cover medical costs outside of their network
HMOs have lower premiums but more provider access
HMOs require a referral from a primary care physician for specialist care
What is a high-deductible health plan (HDHP) and what advantage does it offer?
A plan that provides free preventive care
A plan with low monthly premiums and higher out-of-pocket costs
A plan that covers all medical costs without any deductibles
A plan with high monthly premiums and lower out-of-pocket costs
What is the out-of-pocket maximum in a health insurance policy?
The total amount of benefits allowed for a lifetime
The total amount of benefits allowed from the insurance company
The maximum amount of money you have to spend for covered services in a year
The cap on specific benefits like organ transplants
What is the lifetime limit in a health insurance policy?
The maximum amount of money you have to spend for covered services in a year
The total amount of benefits allowed from the insurance company
The cap on specific benefits like organ transplants
The total amount of benefits allowed for a lifetime
Why is it important to have health insurance?
To avoid bankruptcy and foreclosure
To save money on prescription medications
To prepare for medical emergencies
To attract good job candidates
