PSBP FINAL Questions and Correct Answers/ Latest Update / Already Graded

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PSBP FINAL Questions and Correct
Answers/ Latest Update / Already Graded
How much does the U.S spend on healthcare services annually?

Ans: Over $4.3 trillion


Define the following term:



Private health insurance from your job/employer.

Ans: Commercial health plan


Define the following term:



Public health insurance for low-income, disabled, pregnant persons,
and children.

Ans: Medicaid


Define the following term:



Public health insurance for 65 years of age or older and some disabled
persons.

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Ans: Medicare


Define the following term:



Health insurance used when individuals are unable to obtain health
insurance elsewhere

Ans: Insurance exchange


Which is the most popular health insurance?

Ans: Commerical


What percent of U.S citizens are insured?

Ans: Over 90%


A retiree might have both _____ and _____ health plans.

Ans: Medicare
Commercial


Someone that is dual-enrolled has both _____ and _____ health plans.

Ans: Medicaid

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Medicare


Define the following term:



Amount you pay for health insurance each month.

Ans: Premium


Define the following term:



Amount you pay out of pocked before health insurance benefits kick in.

Ans: Deductible


Define the following term:



Fixed amount you pay for services after meeting your deductible.

Ans: Copay


Define the following term:




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Percentage of costs you pay for services after meeting your deductible

Ans: Co-insurance


Define the following term:



Administrator of prescription coverage benefits from plan payers.

Ans: Pharmacy benefits manager (PBM)


Define the following term:



The pharmaceutical company/industry.

Ans: Pharma


Define the following term:



Price concession paid by Pharm.

Ans: Rebate


Define the following term:


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