Health Insurance Basics
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

What is the primary purpose of having health insurance?

  • To make your employer pay for your insurance policy
  • To visit a doctor for a yearly check-up
  • To ensure that you are not sick
  • To protect yourself financially in case of illness or injury (correct)
  • What is a benefit of having health insurance when visiting a doctor for a yearly check-up?

  • You can avoid going to the hospital
  • You can get treated for free
  • You can only get insurance if you're already sick
  • Your insurance will help cover the doctor visit bills (correct)
  • What is a benefit of having multiple children on a health insurance policy?

  • You have to pay more per child
  • You have to pay less per child
  • You can have multiple children on the policy for the same price (correct)
  • You cannot have multiple children on the policy
  • Is it mandatory by law to have health insurance?

    <p>No, it's not mandatory by law</p> Signup and view all the answers

    What happens if an employer has 50+ full-time employees?

    <p>They are required to offer a health insurance policy to their employees</p> Signup and view all the answers

    What is COBRA, and how long does it last?

    <p>A government program that gives people the right to continue coverage through a work-based group plan after a job loss, and it lasts for 18 months</p> Signup and view all the answers

    Who can purchase a health insurance policy?

    <p>Anyone, including individuals, couples, or families</p> Signup and view all the answers

    Who is eligible for Medicaid?

    <p>Low-income individuals and families</p> Signup and view all the answers

    What is the risk of not having health insurance?

    <p>You will have to pay for the entire hospital bill if an unexpected event occurs</p> Signup and view all the answers

    What happens to the cost of a health insurance policy as the number of people on the plan increases?

    <p>The cost of the policy increases</p> Signup and view all the answers

    What is the purpose of a deductible in a health insurance plan?

    <p>To share costs with the insurance company</p> Signup and view all the answers

    How long can a child stay on their parent's health insurance policy?

    <p>Until they are 26 years old</p> Signup and view all the answers

    More Like This

    Insurance Policy Terms and Conditions
    10 questions

    Insurance Policy Terms and Conditions

    SelfDeterminationGeranium6570 avatar
    SelfDeterminationGeranium6570
    Health Insurance Coverage
    5 questions
    Health Insurance Policy Provisions
    30 questions
    Use Quizgecko on...
    Browser
    Browser