1
PSBP FINAL Questions with Correct Answers |
Updated (100% Correct Answers)
How much does the U.S spend on healthcare services annually? Answer: Over
$4.3 trillion
Define the following term:
Private health insurance from your job/employer. Answer: Commercial health
plan
Define the following term:
Public health insurance for low-income, disabled, pregnant persons, and children.
Answer: Medicaid
Define the following term:
Public health insurance for 65 years of age or older and some disabled persons.
Answer: Medicare
Define the following term:
Health insurance used when individuals are unable to obtain health insurance
elsewhere Answer: Insurance exchange
Which is the most popular health insurance? Answer: Commerical
What percent of U.S citizens are insured? Answer: Over 90%
A retiree might have both _____ and _____ health plans. Answer: Medicare
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,2
Commercial
Someone that is dual-enrolled has both _____ and _____ health plans. Answer:
Medicaid
Medicare
Define the following term:
Amount you pay for health insurance each month. Answer: Premium
Define the following term:
Amount you pay out of pocked before health insurance benefits kick in. Answer:
Deductible
Define the following term:
Fixed amount you pay for services after meeting your deductible. Answer: Copay
Define the following term:
Percentage of costs you pay for services after meeting your deductible Answer:
Co-insurance
Define the following term:
Administrator of prescription coverage benefits from plan payers. Answer:
Pharmacy benefits manager (PBM)
Define the following term:
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, 3
The pharmaceutical company/industry. Answer: Pharma
Define the following term:
Price concession paid by Pharm. Answer: Rebate
Define the following term:
Someone who has an interest in something. Answer: Stakeholder
_____ benefits are services for medical expenses.
_____ benefits are services for covered prescription medications. Answer: Medical
Pharmacy
Define the following term:
A list of doctors, pharmacies, and hospitals that are covered by the payer.
Answer: Network
Define the following term:
The process that applies business principles to healthcare. Answer: Managed
care
Define the following term:
Most restrictive healthcare plan with low premiums. Answer: Health maintenance
organization (HMO)
Define the following term:
© 2026 All rights reserved
PSBP FINAL Questions with Correct Answers |
Updated (100% Correct Answers)
How much does the U.S spend on healthcare services annually? Answer: Over
$4.3 trillion
Define the following term:
Private health insurance from your job/employer. Answer: Commercial health
plan
Define the following term:
Public health insurance for low-income, disabled, pregnant persons, and children.
Answer: Medicaid
Define the following term:
Public health insurance for 65 years of age or older and some disabled persons.
Answer: Medicare
Define the following term:
Health insurance used when individuals are unable to obtain health insurance
elsewhere Answer: Insurance exchange
Which is the most popular health insurance? Answer: Commerical
What percent of U.S citizens are insured? Answer: Over 90%
A retiree might have both _____ and _____ health plans. Answer: Medicare
© 2026 All rights reserved
,2
Commercial
Someone that is dual-enrolled has both _____ and _____ health plans. Answer:
Medicaid
Medicare
Define the following term:
Amount you pay for health insurance each month. Answer: Premium
Define the following term:
Amount you pay out of pocked before health insurance benefits kick in. Answer:
Deductible
Define the following term:
Fixed amount you pay for services after meeting your deductible. Answer: Copay
Define the following term:
Percentage of costs you pay for services after meeting your deductible Answer:
Co-insurance
Define the following term:
Administrator of prescription coverage benefits from plan payers. Answer:
Pharmacy benefits manager (PBM)
Define the following term:
© 2026 All rights reserved
, 3
The pharmaceutical company/industry. Answer: Pharma
Define the following term:
Price concession paid by Pharm. Answer: Rebate
Define the following term:
Someone who has an interest in something. Answer: Stakeholder
_____ benefits are services for medical expenses.
_____ benefits are services for covered prescription medications. Answer: Medical
Pharmacy
Define the following term:
A list of doctors, pharmacies, and hospitals that are covered by the payer.
Answer: Network
Define the following term:
The process that applies business principles to healthcare. Answer: Managed
care
Define the following term:
Most restrictive healthcare plan with low premiums. Answer: Health maintenance
organization (HMO)
Define the following term:
© 2026 All rights reserved
