How Health Insurance Works

Last updated over 1 year ago

7 questions

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Library

How Health Insurance Works

Last updated over 1 year ago

7 questions

Required

1

Draggable item		Corresponding Item

Required

1

Draggable item		Corresponding Item

Required

1

Required

1

Required

1

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1

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1

Match the health care cost type with its definition.

Draggable item		Corresponding Item
Premium		Amount paid out of pocket before insurance coverage kicks in
Copayment		Amount paid for insurance coverage
Out-of-pocket maximum		Fixed amount paid at the time of service
Deductible		Maximum amount an insured person has to pay in a year

Match the health insurance plan type with its description.

Draggable item		Corresponding Item
PPO		Restricts coverage to a network of doctors and hospitals
HMO		Offers a wider choice of providers, but at a higher cost

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

$1440

$2700

$1200

$2500

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

$1440

$2700

$1200

$2500

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)?

$250

$2062.50

$937.50

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.

$10

$30

$75

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?

$120

$24

$144

Match the health care cost type with its definition.

Premium

Amount paid out of pocket before insurance coverage kicks in

Copayment

Amount paid for insurance coverage

Out-of-pocket maximum

Fixed amount paid at the time of service

Deductible

Maximum amount an insured person has to pay in a year

Match the health insurance plan type with its description.

PPO

Restricts coverage to a network of doctors and hospitals

HMO

Offers a wider choice of providers, but at a higher cost

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

$1440

$2700

$1200

$2500

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

$1440

$2700

$1200

$2500

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)?

$250

$2062.50

$937.50

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.

$10

$30

$75

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?

$120

$24

$144

How Health Insurance Works

How Health Insurance Works

Match the health care cost type with its definition.

Match the health insurance plan type with its description.

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

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

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)?

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.

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?

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

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