Ch 11: Assignment - Planning for Health
Care Expenses Questions & Answers
However, it could take one fall or an insect bite to find you in financial trouble. That's a
dramatic statement and one that thousands of people have found is true. There are
three ways that an illness or injury can affect your finances, including: Check all that
apply. - ANSWERSThe direct out-of-pocket costs related to your rehabilitation.
AND
The direct out-of-pocket costs of a doctor's visit, hospital stay, or surgery.
AND
The lost income that results when your illness or injury renders you unable to work.
These financial consequences can be so severe that ___ of all personal bankruptcies
are caused by health care-related debts.
The good news is that recent legislative changes have created programs to protect your
health and personal finances. While these programs eliminate your choice of whether to
obtain health care coverage, they do allow you to choose the source of your coverage.
Depending upon your age, you generally have three alternatives: you can stay on your
parents' health care policy until you are ___ years of age; you can purchase policy in
the private health care marketplace; or you can obtain a policy from your employer. A
plan that an employer offers is an example of ___ plan. Historically, most employers
___ for their employees' health care coverage. As the costs for health care and
insurance to cover it have ___ , employers' payments for their employees' health care
coverage have ___ . - ANSWERS60%
26
a group
paid
increased
decreased
Which of the following statements regarding the Affordable Care Act (ACA) are true?
Check all that apply. - ANSWERSYou can have a coverage gap of up to three months
without incurring the lack-of-coverage penalty.
AND
, A stated goal of the ACA is to provide a quality health care plan to all U.S. citizens and
legal residents.
AND
Under ACA, the price of a health care policy is to be determined by supply, demand,
geographic location, and competition.
AND
A quality health care plan must meet the government's standard for ten essential
benefits.
AND
A stated goal of the ACA is to focus on prevention and primary care so that covered
individuals will stay healthy.
AND
Only three factors can affect the cost of your health insurance coverage: your age, your
place of residence, and, if obtaining a family policy, the number of people in your family.
AND
The individual mandate requires all citizens and legal residents to purchase health
insurance.
Which of the following are protections or benefits provided to you by the ACA? Check all
that apply. - ANSWERSAs a tobacco user, you may be subject to higher insurance
premiums.
AND
You may not be charged a copayment or deductible for an annual checkup.
AND
Your policy will no longer contain a maximum annual or lifetime limit on benefits.
AND
If you are on Medicare, you are eligible for less expensive prescription drugs.
AND
Care Expenses Questions & Answers
However, it could take one fall or an insect bite to find you in financial trouble. That's a
dramatic statement and one that thousands of people have found is true. There are
three ways that an illness or injury can affect your finances, including: Check all that
apply. - ANSWERSThe direct out-of-pocket costs related to your rehabilitation.
AND
The direct out-of-pocket costs of a doctor's visit, hospital stay, or surgery.
AND
The lost income that results when your illness or injury renders you unable to work.
These financial consequences can be so severe that ___ of all personal bankruptcies
are caused by health care-related debts.
The good news is that recent legislative changes have created programs to protect your
health and personal finances. While these programs eliminate your choice of whether to
obtain health care coverage, they do allow you to choose the source of your coverage.
Depending upon your age, you generally have three alternatives: you can stay on your
parents' health care policy until you are ___ years of age; you can purchase policy in
the private health care marketplace; or you can obtain a policy from your employer. A
plan that an employer offers is an example of ___ plan. Historically, most employers
___ for their employees' health care coverage. As the costs for health care and
insurance to cover it have ___ , employers' payments for their employees' health care
coverage have ___ . - ANSWERS60%
26
a group
paid
increased
decreased
Which of the following statements regarding the Affordable Care Act (ACA) are true?
Check all that apply. - ANSWERSYou can have a coverage gap of up to three months
without incurring the lack-of-coverage penalty.
AND
, A stated goal of the ACA is to provide a quality health care plan to all U.S. citizens and
legal residents.
AND
Under ACA, the price of a health care policy is to be determined by supply, demand,
geographic location, and competition.
AND
A quality health care plan must meet the government's standard for ten essential
benefits.
AND
A stated goal of the ACA is to focus on prevention and primary care so that covered
individuals will stay healthy.
AND
Only three factors can affect the cost of your health insurance coverage: your age, your
place of residence, and, if obtaining a family policy, the number of people in your family.
AND
The individual mandate requires all citizens and legal residents to purchase health
insurance.
Which of the following are protections or benefits provided to you by the ACA? Check all
that apply. - ANSWERSAs a tobacco user, you may be subject to higher insurance
premiums.
AND
You may not be charged a copayment or deductible for an annual checkup.
AND
Your policy will no longer contain a maximum annual or lifetime limit on benefits.
AND
If you are on Medicare, you are eligible for less expensive prescription drugs.
AND
