Healthcare Insurance - Dynamics of Healthcare Test Questions and Correct Answers Latest Update
2024 (100% Pass)
HMO - Answers type of insurance plan that only allows for the patient to visit in-network care
PPO - Answers type of insurance plan that allows for the patient to visit out of network care
Medicare - Answers A federal program of health insurance for people 65 years of age and older
Medicaid - Answers A federal and state assistance program that pays for health care services for people
who cannot afford them or with disabilities
CMS - Answers Centers for Medicare and Medicaid Services
Premium - Answers The cost paid each month for insurance
Deductible - Answers Amount you must pay before you begin receiving any benefits from your insurance
company
Co-pay - Answers Specific amounts a patient pays for a specific service
Coinsurance - Answers Percent of expense shared by patient
Resource utilization - Answers Critical exam of health care services for the purpose of controlling costs
and monitoring the quality of care
Flexible Savings Account (FSA) - Answers Savings account that helps employees cover health related
costs that are not included in their insurance plans
Tricare - Answers U.S. government health insurance plan for all military personnel
Private insurance - Answers Purchased by an individual
Employer sponsored - Answers Employer assisted health insurance coverage for employee's
2024 (100% Pass)
HMO - Answers type of insurance plan that only allows for the patient to visit in-network care
PPO - Answers type of insurance plan that allows for the patient to visit out of network care
Medicare - Answers A federal program of health insurance for people 65 years of age and older
Medicaid - Answers A federal and state assistance program that pays for health care services for people
who cannot afford them or with disabilities
CMS - Answers Centers for Medicare and Medicaid Services
Premium - Answers The cost paid each month for insurance
Deductible - Answers Amount you must pay before you begin receiving any benefits from your insurance
company
Co-pay - Answers Specific amounts a patient pays for a specific service
Coinsurance - Answers Percent of expense shared by patient
Resource utilization - Answers Critical exam of health care services for the purpose of controlling costs
and monitoring the quality of care
Flexible Savings Account (FSA) - Answers Savings account that helps employees cover health related
costs that are not included in their insurance plans
Tricare - Answers U.S. government health insurance plan for all military personnel
Private insurance - Answers Purchased by an individual
Employer sponsored - Answers Employer assisted health insurance coverage for employee's
