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Wk 26: Exit Ticket 8.4, 8.5, & 8.6
By Tang Xiong
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Last updated about 3 hours ago
10 questions
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Question 1
1.
What distinguishes a deductible from an out-of-pocket maximum in a health insurance plan?
A deductible is paid only if your insurance doesn’t cover a procedure, while the out-of-pocket maximum applies to all services.
A deductible is the amount you pay for services before insurance kicks in, while the out-of-pocket maximum is the limit on how much you pay in a year.
A deductible is the maximum amount you can spend each year on medical expenses, while the out-of-pocket maximum is what you pay for coverage.
A deductible is a flat fee, while the out-of-pocket maximum is based on your income.
Question 2
2.
Which of the following is NOT a type of health insurance plan?
Exclusive Provider Organization (EPO).
Health Maintenance Organization (HMO).
Preferred Provider Organization (PPO).
Comprehensive Coverage Plan (CCP).
Question 3
3.
Why is having health insurance essential?
It helps protect you from high medical expenses by covering a portion of your healthcare costs.
It covers your medical expenses for non-health-related treatments.
It ensures you can access medical care without any costs involved.
It guarantees that only expensive treatments are covered.
Question 4
4.
What does it indicate if an individual decides to enroll in employer-sponsored health insurance?
The person is required to pay the entire premium for their health coverage.
The person’s coverage will not include medical expenses for any type of care.
The person will receive health insurance coverage through their employer, often with a portion of the premium covered by the employer.
The person can only receive health insurance if they work part-time.
Question 5
5.
Which of the following is the least likely health insurance plan for a 15-year-old child to be enrolled in?
A high-deductible health plan (HDHP) with a Health Savings Account (HSA).
A child-only health insurance plan purchased individually by the child.
A government-sponsored Medicaid plan.
A plan under a parent’s employer-sponsored health insurance.
Question 6
6.
Which of the following is NOT an advantage of enrolling in an individual health insurance plan through the marketplace?
You can enroll outside of the open enrollment period if you experience a qualifying life event.
You will have access to employer-sponsored health benefits.
You can choose from a variety of plans that best fit your healthcare needs.
You may qualify for subsidies or tax credits to lower your premiums.
Question 7
7.
If you purchase pet insurance for your dog, how does cost-sharing typically work between you and the insurance company?
The insurance company covers all costs upfront, and you don’t pay anything.
You pay the full cost of all services, and the insurance company reimburses you later.
You pay an annual fee that covers all expenses with no additional out-of-pocket costs.
You pay a deductible, and the insurance company covers the rest of the cost for approved treatments, often with a co-pay.
Question 8
8.
What types of expenses do disability benefit payments typically cover?
Only the cost of hiring a personal assistant or caregiver.
The cost of any luxury purchases, such as vacations or entertainment.
Only the cost of medical treatment related to the disability.
Ongoing living expenses, such as rent and utilities, while you're unable to work.
Question 9
9.
What distinguishes a term life insurance policy from a permanent life insurance policy?
Term life insurance includes an investment component, while permanent life insurance does not.
Term life insurance covers the policyholder for a specific period, while permanent life insurance provides lifetime coverage and may build cash value.
Term life insurance can be purchased at any time, while permanent life insurance requires a medical exam.
Permanent life insurance is cheaper than term life insurance because it offers more coverage.
Question 10
10.
Which of the following is a common requirement for receiving disability insurance benefits?
The disability must be temporary and recoverable within six months.
The disability must be a result of an accident that occurred while traveling.
The disability must require hospitalization for at least 30 days.
The disability must prevent you from performing the essential duties of your job.