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ECO-336 Questions with Detailed Verified
Answers
Which of the following is the best definition of the term "health insurance premium"?
Ans: The amount health insurance companies charge each month for coverage
Is a health insurance premium something you must pay every month, regardless of
whether you use health care services, or do you only have to pay your health
insurance premium during months when you use health care services?
Ans: Must pay every month, regardless of whether you use services
Which of the following is the best definition of the term "annual health insurance
deductible"?
Ans: The amount of covered health care expenses you must pay yourself each year
before your insurance will begin to pay
Suppose that under your health insurance policy, hospital expenses are subject to a
$1,000 deductible and $250 per day copay. You get sick and are hospitalized for 4
days, the bill (after insurance discounts are applied) comes to $6,000. How much of
that hospital bill will you have to pay yourself?
Ans: $2,000
Which of the following best describes the "annual out-of-pocket limit" under a health
insurance policy?
© Get it right 2025 Getaway - Stuvia US All rights reserved
ECO-336 Questions with Detailed Verified
Answers
Which of the following is the best definition of the term "health insurance premium"?
Ans: The amount health insurance companies charge each month for coverage
Is a health insurance premium something you must pay every month, regardless of
whether you use health care services, or do you only have to pay your health
insurance premium during months when you use health care services?
Ans: Must pay every month, regardless of whether you use services
Which of the following is the best definition of the term "annual health insurance
deductible"?
Ans: The amount of covered health care expenses you must pay yourself each year
before your insurance will begin to pay
Suppose that under your health insurance policy, hospital expenses are subject to a
$1,000 deductible and $250 per day copay. You get sick and are hospitalized for 4
days, the bill (after insurance discounts are applied) comes to $6,000. How much of
that hospital bill will you have to pay yourself?
Ans: $2,000
Which of the following best describes the "annual out-of-pocket limit" under a health
insurance policy?
© Get it right 2025 Getaway - Stuvia US All rights reserved
