Insurance Terms Quiz
5 Questions
1 Views

Insurance Terms Quiz

Created by
@EthicalGyrolite

Podcast Beta

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which term refers to the amount of money you need to pay out of pocket before your insurance starts covering expenses?

  • Deductible (correct)
  • Co-insurance
  • Premium
  • Co-payment
  • Which term refers to the percentage of medical costs that you are responsible for paying after meeting your deductible?

  • Deductible
  • Co-insurance (correct)
  • Co-payment
  • Premium
  • Which term refers to a fixed amount that you need to pay for a specific medical service or prescription?

  • Premium
  • Co-payment (correct)
  • Co-insurance
  • Deductible
  • Which term refers to the maximum amount of money you will have to pay out of pocket for covered medical expenses in a year?

    <p>Out of Pocket Maximum</p> Signup and view all the answers

    Which term refers to the maximum amount of money your insurance will pay for covered medical expenses in a year?

    <p>Annual Benefit Maximum</p> Signup and view all the answers

    More Like This

    Health Insurance Coverage Quiz
    10 questions
    Coinsurance in Health Insurance Policies
    16 questions
    Health Insurance Policies Overview
    25 questions
    Use Quizgecko on...
    Browser
    Browser