WorksheetsHealth Insurance Terminology Quiz
Total questions: 21
Worksheet time: 15mins
(a) – The amount of money you pay each month to keep your insurance active.
(a) – The amount you must pay out of pocket for health care services before insurance begins to pay.
(a) – A set dollar amount you pay for a specific health care service, such as a doctor’s visit or prescription.
(a) – The percentage of costs you share with your insurance company after your deductible is met.
What is insurance?
A service purchased to protect assets and income against financial loss.
A type of savings account where you put aside money for emergencies.
A type of investment account where you can buy shares of stock.
A kind of taxes charged by the government.
Identify a characteristic of a Preferred Provider Organization (PPO) plan.
Requires referrals for specialists
Offers a network of preferred doctors and hospitals
Does not cover out-of-network care
Has no monthly premiums
What is the main difference between an HMO and a PPO?
HMOs have higher premiums than PPOs
PPOs require referrals for specialists, while HMOs do not
HMOs require you to choose a primary care physician, while PPOs do not
PPOs do not cover preventive care, while HMOs do
Which of the following is a type of health insurance plan?
Homeowners insurance
Auto insurance
Health Maintenance Organization (HMO)
Life insurance
What kinds of insurance are there?
Private and public.
Premium and Non-Premium
All expenses and Partial coverage
Government Issued and Independent
The amount of money you agree to pay towards your losses before your insurance coverage will begin paying
deductible
claim
coverage
premium
The percentage of costs the insured pays for medical services after paying the policy deductible.
Premium
Coinsurance
Copay
Percentage Premium
Which is TRUE of health insurance?
you can only use only the doctors in your state
you might get a lower standard of care if you don't have insurance
you won't be able to go to a hospital without insurance
selecting in-network doctors instead of out-of-network doctors can save you money
