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Barnett Insurance 5
Health Insurance
| Question | Answer |
|---|---|
| Insurance is a product that you can buy that can help pay expenses at a later date | True |
| Without health insurance you will have a harder time finding a doctor to take care of you. | True |
| One reason people do not choose to have health insurance is because they think there will never be a need. | True |
| The best place to obtain health insurance is through a group plan. | True |
| In recent years, the cost of medical care in the US has increased dramatically. | True |
| Most employers pay a portion of group health insurance for their employees. | True |
| If you don't use the money in your Flex 125 Plan by the end of the year, you lose it. | True |
| The premiums for individual health insurance policies are usually more expensive than for group policies. | True |
| Dental insurance has a low deductibles and co insurance requirements of 20 percent or more. | True |
| To receive maximum reimbursement, participants in a managed health care plan must select doctors who belong to the network. | True |
| PPOs are more flexible than HMOs, so they are more expensive. | True |
| Medigap insurance is a type of supplemental insurance that pays the deductibles and copayments not covered by Medicare. | True |
| If you have disability insurance, benefits have a waiting period. | True |
| Workers' compensation insurance does carry a death benefit. | True |
| People who are named in a life insurance policy who will receive the benefits of the policy are called beneficiaries. | True |
| The law allows people who leave employment to continue their health insurance under the company plan for a limited period of time. | COBRA |
| A Flex 125 Plan allows employees to | set aside money-pretax-to help pay certain medical expenses |
| People who buy individual insurance policies | must often take a physical exam before coverage begins; generally pay more than those who buy group insurance; may have a waiting period of up to 90 days before coverage begins. |
| A preferred provider organization is | a group of health care providers who join together to provide health services for set fees. |
| Government sponsored health insurance for people with low income is called | Medicaid |
| A small insurance policy that modifies the coverage of the main policy is called a | rider |
| The maximum duration of benefits under most disability policies is until | age 65. |
| ___ insurance is a type of health insurance in which all those insured have the same coverage and pay a set premium. | group |
| ___ of benefits is a group health insurance program that specifies how the insurers will share the cost when more than one policy covers a claim | Coordination |
| A ___ health insurance policy is designed to pay high deductibles and copayments as well as medical fees that are higher than the insured's standard policy allows. | supplemental |
| Major ___ coverage provides protection against the catastrophic expenses of a serious injury or illness. | medical |
| Your main health care provider in an HMO is called your ___ care physician. | primary |
| As with care insurance, ___ pools make it possible for people who are otherwise "uninsureable" to obtain some type of health insurance. | high risk |
| ___ insurance is an insurance plan that makes regular payments to replace income lost when illness or injury prevents the insured from working. | disability |
| a specified amount of tie during which benefits will be paid | benefit period |
| insurance covering the cost of extended care of people who have difficulty with basic daily activities | long term care |
| a government medical assistance program based on need | Medicaid |
| a government medical assistance program for retired and/or disabled persons | Medicare |
| the doctor designated by the insured to be most directly responsible for his or her care | primary care physician |
| care given by physicians or by registered nurses or certified therapists under a physicians' supervision | skilled care |
| What is the most common type of health insurance? | group |
| How is a point of service plan like an HMO? | A point of service plan is like an HMO in that patients must choose a primary care physician |
| Distinguish between the two types of disability insurance. | Short term disability insurance usually provides benefits for up to six months but can last as long as two years; long term disability insurance picks up where short term leaves off and can provide coverage up to retirement. |
| What is not covered by basic health insurance? | cosmetic or elective surgery |
Created by:
SheilaBarnett
Popular Insurance sets