Health Insurance
Individual Health Insurance
Health Insurance Exchange
Supplemental Insurance
Governmental Health Care Plans
100

What is health insurance?

insurance that provides protection against financial loss due to illness or injury.

100

People who are not eligible for group insurance may?

purchase health insurance on their own for themselves and their families.

100

People who purchase an individual health insurance plan might?

choose to do so through the federal health insurance exchange

100

Supplemental insurance is

additional insurance that can be purchased to pay for medical expenses that standard health insurance does not cover or does not fully cover.

100

The government offers health insurance to certain

eligible people, including older adults, people with disabilities, low-income families, and children.

200

Health insurance is a necessity, but it should be?

remembered that health insurance does not cover all medical expenses

200

individual policies are more expensive and?

may offer fewer benefits than group plans.

200

what is health insurance exchange?

is a government-sponsored price-comparison website where consumers can shop for, and purchase, government-regulated and standardized health care plans eligible for federal subsidies.

200

Some individuals choose to buy supplement insurance to

cover the treatment costs of a specific illness.

200

Medicare covers specific health care expenses for eligible citizens age

65 and older. It also covers those under age 65 with certain diseases or disabilities.

300

Health insurance offers financial protection by covering specific medical expenses created by?

illness, injury, and disability of the insured person and dependents.

300

Premiums for an individual can be as much as

$800 a month or more.

300

For individuals who do not have health insurance through a job, Medicare, Medicaid, the Children’s Health Insurance Program (CHIP), or another source that provides qualifying coverage, the what can help them?

the Marketplace can help them find coverage.

300

Cancer insurance and long-term care insurance are examples of

supplemental insurance.

300

It does not cover long-term care

 but it covers some home health care and hospice care.

400

Purchasing health insurance is one way that?

 individuals manage personal risk.

400

When selecting an individual plan, calculate the total cost of the premiums you would

pay together with the deductible

400

In some states, the Marketplace is run by the state. In others, it is run by

the federal government.

400

Cancer insurance is

 insurance that helps manage the risks that occur when an insured has cancer.

400

If a patient needs care beyond the specified number of days allowed for home health, hospice, and skilled nursing care

the patient is responsible for paying certain costs.

500

Once the deductible is met, the insurance company begins to?

 pay on qualified expenses above the deductible.

500

Monthly premiums can be reduced by choosing?

a plan with a higher deductible?

500

All major medical plans sold after 2014 offer services from

ten categories of essential benefits.

500

Long-term care (LTC) insurance provides

coverage for personal and custodial care during periods when an individual is unable to perform essential daily living activities.

500

Part C, Medicare Advantage Plans, combines Parts A and Part B benefits under one plan. Some people prefer this type of plan because it

simplifies enrollment and payment procedures

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