Have an account?
Skip to Content
Build your own quiz
5 questions
Show Answers
See Preview
- 1. Multiple Choice
Which of the following is the best definition of the term “health insurance premium?”
The best type of health insurance you can buy.
The amount health insurance companies charge each month for coverage.
A bonus you get at the end of the year if you stay covered.
Don’t know.
- 2. Multiple Choice
Is a health insurance premium something you must pay every month, regardless of whether you use health care services, or do you only have to pay your health insurance premium during months when you use health care services?
Must pay every month, regardless of whether you use services.
Only have to pay in months when you use health care services.
- 3. Multiple Choice
Which of the following is the best definition of the term “annual health insurance deductible?"
The amount that is deducted from your paycheck each year to pay for your policy.
The amount of health expenses you can subtract from income on your yearly tax return.
The amount of covered health care expenses you must pay yourself each year before your insurance will begin to pay.
- 4. Multiple Choice
Suppose that under your health insurance policy, hospital expenses are subject to a $1,000 deductible and $250 per day copay. You get sick and are hospitalized for 4 days, and the bill (after insurance discounts are applied) comes to $6,000. How much of that hospital bill will you have to pay yourself?
$0
$1,000
$2,000
$4,000
- 5. Multiple Choice
Which of the following best describes the “annual out-of-pocket limit” under a health insurance policy?
The most you will have to pay in deductibles, copays, and coinsurance for covered care received in network for the year.
The most your insurance policy will pay for covered services in a year.
The most you will have to pay for premiums in a year.
- Answer choicesTagsAnswer choicesTags