Test your knowledge about insurance plans.

1) What is a preexisting condition?
A physical or mental condition for which medical advice is received before the effective date of the policy.
2) What is an HMO?
Health Maintenance Organization-a managed care plan with the ability to choose a network primary care physician.
3) Which answer best describes a qualified plan?
Benefits paid by a qualified long-term care plan generally are not taxable as income.
4) If you change jobs or become unemployed, can you bring your coverage with you?
You may carry your group health insurance coverage with you to a new job for up to 18 months.
5) Can you buy an individual policy?
Yes, if you are unemployed, return to school or are self-employed, you may want to buy an individual health insurance policy.
6) What out-of-pocket costs should you consider in choosing?
All of the below:
a) Premiums(periodic fees charged regardless of how many services you use)
b) Deductibles(yearly total amounts you must pay for one or more services before the plan will begin paying)
c) Copayments(small amounts you pay each time you get a service)
7) What is the difference between an HMO Plan and a PPO plan?
All of the below:
a) PPO plans cost more
b) PPO plans may offer a wider range of doctors from which to choose
c) HMO plans may provide more restricted services than a PPO
Can your employer change your health insurance carrier and level of benefits during the year?
Yes, it is completely up to the employer whether or not they will offer health insurance to employees at all.
9) What happens when your group health coverage ends?
You may apply for individual health coverage under the federal law HIPAA.
10) Which of these expenditures is not commonly exluded under major medical expense plans?
Emergency room visits.
11) If you change from one individual health policy to another, can the company impose a preexisting condition exclusion ont the policy?
Yes, they have the right to make any exclusions they with to
12) How much notice should you get if your doctor leaves or is terminated from your health plan's network?
30 days