| Health Insurance Quiz |
| Are you smart about Health Insurance?
Use this simple quiz to test your Health Insurance IQ. Choose your answers
carefully, then use the form at the bottom of the page to get your results.
|
What is long-term care insurance?
- A policy couples should purchase when they have children.
- Insurance policies adult children should take out on their older parents
to cover dependent care expenses.
- Policies individuals over 65 are required to purchase.
- An individual insurance policy to help when you are unable to care for
yourself due to prolonged illness or disability.
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2. How does the Health Insurance Portability and Accountability Act (HIPAA)
affect you?
- HIPAA was passed in 1996 to help people buy and keep health insurance,
even with serious health conditions.
- HIPAA mandates that a patient sign a consent before a doctor uses or
discloses personal information for treatment or billing.
- HIPAA states a consent is not required in cases of abuse, health department
mandates, police business, and medical recalls.
- All of the above.
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3. Can your employer change your health insurance carrier and level of
benefits during the year?
- Yes. It’s the employer’s choice to offer health insurance,
and they can change carriers and level of benefits at any time.
- No. Employers cannot change carriers or the level of benefits until the
calendar year ends.
- No. Any changes must be put to the vote of the employees.
- Yes, if you give them permission on an individual basis
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4. My health insurance company is nonrenewing my policy. Can they do this?
- If your policy is not guaranteed renewable, the company may exercise
their right to nonrenew your policy.
- Insurance policies can be canceled at any time by either party.
- Only in states that start with "A."
- Yes, if your occupation has changed to one considerably more dangerous
than your previous position.
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5. Are there any laws that require a company to pay or deny a medical
claim in a certain amount of time?
- No. Insurance companies can take as long as they like to process your
claim.
- Yes. Insurance companies have to process your claim the day it is received.
- No. It depends on your doctor’s office and their billing department,
not the law.
- Yes. Most states have a Prompt Payment Act dictating how long a company
has to pay or deny the claim or ask for information.
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6. What is a PPO plan?
- A plan to assist the Professional Parents Organization.
- A Preferred Provider Organization allowing preferred providers (doctors)
to have direct contact with their policyholders.
- A Preferred Provider Organization where providers contract with an insurance
company or health plan to offer services.
- A plan for employees of organizations named with three letters, such
as NBC and SBC.
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7. What is the maximum amount of time a company can take to issue a policy
from the time the application is received?
- Sixty days.
- Fifteen days.
- Thirty days.
- It depends on the law in your state.
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8. In almost all medical insurance policies I have seen, there is an "exclusion"
for "pre-existing conditions." What does this mean?
- When an insurance company decides they don’t like you, they can
"exclude" you. Saying "pre-existing condition" makes
it official.
- There are no benefits for a condition for which you are receiving treatment
or have been advised to receive treatment.
- It means the company will not pay claims for a condition that runs in
your family.
- Both A and C are possible reasons for an exclusion.
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9. What is a blanket policy?
- Accounts offered by employers to let employees set aside pretax dollars
to pay for insurance premiums.
- A health insurance contract that protects all members of a certain group
against a specific hazard.
- The warmest of all insurance policies.
- Alliances between physicians and hospitals to help providers attain market
share.
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10. What is disability insurance?
- Health insurance that pays a monthly income to the policyholder when
he is unable to work because of illness or accident.
- Medical cost-sharing that requires an insured person to pay a percentage
of medical expenses after the deductible.
- When the employer contracts with another organization to assume financial
responsibility for the enrollees’ medical claims.
- A plan that reimburses the patient and/or provider as expenses are incurred.
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