How Health Insurance Works
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Last updated over 1 year ago
7 questions
Required
1
Match the health care cost type with its definition.
Match the health care cost type with its definition.
| Draggable item | arrow_right_alt | Corresponding Item |
|---|---|---|
Out-of-pocket maximum | arrow_right_alt | Amount paid out of pocket before insurance coverage kicks in |
Premium | arrow_right_alt | Amount paid for insurance coverage |
Deductible | arrow_right_alt | Fixed amount paid at the time of service |
Copayment | arrow_right_alt | Maximum amount an insured person has to pay in a year |
Required
1
Match the health insurance plan type with its description.
Match the health insurance plan type with its description.
| Draggable item | arrow_right_alt | Corresponding Item |
|---|---|---|
HMO | arrow_right_alt | Restricts coverage to a network of doctors and hospitals |
PPO | arrow_right_alt | Offers a wider choice of providers, but at a higher cost |
Required
1
Sarah is shopping for health insurance plans. She finds two plans:The Silver plan has a monthly premium of $120.The Gold plan has a monthly premium of $225.
Calculate the annual cost of the Silver plan
Sarah is shopping for health insurance plans. She finds two plans:
The Silver plan has a monthly premium of $120.
The Gold plan has a monthly premium of $225.
Calculate the annual cost of the Silver plan
Required
1
Martin is shopping for health insurance plans. She finds two plans:The Silver plan has a monthly premium of $120.The Gold plan has a monthly premium of $225.
Calculate the annual cost of the Gold plan
Martin is shopping for health insurance plans. She finds two plans:
The Silver plan has a monthly premium of $120.
The Gold plan has a monthly premium of $225.
Calculate the annual cost of the Gold plan
Required
1
George has health insurance with a $250 deductible. After meeting the deductible, the insurance covers 75% of his medical expenses. If George incurs $3,000 in medical expenses, how much will he have to pay out-of-pocket (deductible and the amount insurance doesn't cover)?
George has health insurance with a $250 deductible. After meeting the deductible, the insurance covers 75% of his medical expenses. If George incurs $3,000 in medical expenses, how much will he have to pay out-of-pocket (deductible and the amount insurance doesn't cover)?
Required
1
Rachel has a health insurance plan that requires a $15 co-payment for each doctor's visit. If she visits the doctor 5 times in a year, calculate the total amount she will spend on co-payments.
Rachel has a health insurance plan that requires a $15 co-payment for each doctor's visit. If she visits the doctor 5 times in a year, calculate the total amount she will spend on co-payments.
Required
1
Jo's health insurance premium increased by 20% from last year. If his previous premium was $120 per month, what is his new monthly premium?
Jo's health insurance premium increased by 20% from last year. If his previous premium was $120 per month, what is his new monthly premium?