Do You Know Your Health Insurance Basics?
Question 1/12
A premium is:
- A more expensive health plan
- An insurance payment
- A rebate check
Question 2/12
A deductible is:
- The amount you pay before your insurance kicks in
- The monthly fee you pay for your health plan
- An extra fee for brand name drugs
Question 3/12
A copay is:
- Part of your deductible
- Paid by your insurer
- A flat fee for a covered service that you pay to your health care provider
Question 4/12
An out-of-pocket maximum is:
- The most you'll pay each year
- A limit on your doctor's charges
- The most your insurance will pay
Question 5/12
Your insurer may not cover certain tests or procedures unless you first get:
- Preauthorization
- A waiver
- Prioritization
Question 6/12
EOB means:
- Early Option Billing
- Explanation of Benefits
- Extra Oversight Board
Question 7/12
An HMO health plan limits your choice of doctors.
- True
- False
Question 8/12
A health insurance Marketplace is a:
- Place to buy insurance stock
- Website to buy a health plan
- Company to regulate insurance
Question 9/12
Under the Affordable Care Act, you can be denied health insurance for a pre-existing condition.
- True
- False, unless you purchase a short-term health plan that provides coverage for less than 12 months
Question 10/12
Preventive care includes:
- Tests like colonoscopies
- Breastfeeding support
- Both
Question 11/12
Your health insurance runs out after you spend:
- $1 million
- $500,000
- Never
Question 12/12
Your insurance company’s decision on what to cover is final.
- True
- False
