Health Care Costs and Bankruptcy
12 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which of the following is the number one cause for bankruptcy?

  • Large medical bills
  • Chronic conditions
  • Healthcare costs (correct)
  • Health insurance
  • What does health insurance protect your life savings from?

  • Chronic diseases
  • Major accidents
  • Medical emergencies
  • All of the above (correct)
  • What is the purpose of a monthly premium in health insurance?

  • To pay for out-of-pocket maximum
  • To cover all medical expenses
  • To determine eligibility
  • To count towards the deductible (correct)
  • Which type of health plan allows you to choose your own primary care doctor?

    <p>Health Management Organization (HMO)</p> Signup and view all the answers

    What percentage of the remaining $3,000 would the person in the example have to pay if they have a $1,000 deductible and a 10% coinsurance?

    <p>$300</p> Signup and view all the answers

    Which type of health plan usually has a percentage of the premium paid by the employer?

    <p>Group health plan</p> Signup and view all the answers

    Which of the following terms refers to the maximum amount an individual has to pay in a health insurance plan year, excluding premiums?

    <p>Out-of-pocket maximum</p> Signup and view all the answers

    What is the purpose of a deductible in health insurance?

    <p>To limit the amount the insurance company pays</p> Signup and view all the answers

    If someone has a $40 co-pay for office visits, where does this payment go towards?

    <p>Deductible</p> Signup and view all the answers

    Which of the following is NOT an example of a government health plan?

    <p>HMO</p> Signup and view all the answers

    What is the main difference between an HMO and a PPO?

    <p>HMO has a smaller in-network group, while PPO has a larger in-network group</p> Signup and view all the answers

    What is the purpose of a deductible in health insurance?

    <p>To determine the amount the insured person must pay before the insurance company starts paying</p> Signup and view all the answers

    More Like This

    Demand for Health Care and Total Cost
    95 questions
    IHI Triple Aim Health Care Quiz
    14 questions
    Plant-Based Nutrition and Health Care
    10 questions
    Use Quizgecko on...
    Browser
    Browser