Be sure to have completed the lessons for the Unit required for this exit ticket.
Be sure to have completed the lessons for the Unit required for this exit ticket.
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Question 9
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Which of the following options best describes an insurance premium?
The initial payment made to purchase an insurance policy
The amount paid by the insured to the insurance company for coverage
The deductible applied before insurance coverage begins
The maximum amount the insurer is liable to pay for a claim
Insurance companies charge individuals different prices for coverage depending on their risk levels. Then, they collect everyone's monthly premiums and use the money to make payments when people file a claim. What is this concept called?
Comprehensive coverage
Risk management
Risk pooling
Premium collection
Who regulates insurance companies in the United States?
No one -- they exist only in the market economy with no regulation
Local governments
The federal government
State governments
Which of the following people likely pays the LEAST for health care?
A senior citizen enrolled in a government-sponsored Medicare plan
Someone covered by a high-deductible health plan with no employer contribution
A low-income individual eligible for Medicaid coverage
An uninsured individual paying out-of-pocket for medical services
What is the benefit of using a Health Savings Account (HSA) or Flexible Savings Account (FSA)?
If you sign up for one, you'll get a discount on your deductible through the Federal government
You can use pre-tax dollars to pay for out-of-pocket healthcare expenses
The year after you sign up for an account, you are offered plans with discounted premiums
You can move any leftover money once the year is done to your checking account to cover other expenses
When considering purchasing a plan from the Marketplace, which of the following factors is typically NOT taken into account when determining the cost of your monthly health insurance premium?
Household size
Pre-existing medical conditions
Age
Income
Which of the following is a benefit of enrolling in health insurance through your employer-sponsored plan?
Premiums are often lower because your employer is paying part of the bill for you
Higher premiums
Limited coverage options
Employer contribution toward premiums
Which of the following is TRUE about healthcare marketplaces?
Each state has its own healthcare marketplace
You can choose to use either the state or Federal healthcare marketplace, depending on which one offers you the better plans
Many states participate in the Federal healthcare marketplace; those that don't have their own marketplace
All Americans must get their insurance through the healthcare marketplace
Which of the following is NOT typically covered by a standard health insurance plan?