NURS473: Final Exam Q & As (Verified
Answers) 2026
Which of the following is the best definition of the term
"health insurance premium?"
A. The best type of health insurance you can buy.
B. The amount health insurance companies charge each
month for coverage.
C. A bonus you get at the end of the year if you stay covered.
- Correct Answers ✅B. 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?
A. Must pay every month, regardless of whether you use
services.
B. Only have to pay in months when you use health care
services. - Correct Answers ✅A. 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?"
A. The amount that is deducted from your paycheck each
year to pay for your policy.
, NURS473: Final Exam Q & As (Verified
Answers) 2026
B. The amount of health expenses you can subtract from
income on your yearly tax return.
C. The amount of covered health care expenses you must pay
yourself each year before your insurance will begin to pay. -
Correct Answers ✅C. 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, and
the bill (after insurance discounts are applied) comes to
$6,000. How much of that hospital bill will you have to pay
yourself?
A. $0.
B. $1,000.
C. $2,000.
D. $4,000. - Correct Answers ✅C. $2,000.
Which of the following best describes the "annual out-of-
pocket limit" under a health insurance policy?
A. The most you will have to pay in deductibles, copays, and
coinsurance for covered care received in network for the year.
Answers) 2026
Which of the following is the best definition of the term
"health insurance premium?"
A. The best type of health insurance you can buy.
B. The amount health insurance companies charge each
month for coverage.
C. A bonus you get at the end of the year if you stay covered.
- Correct Answers ✅B. 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?
A. Must pay every month, regardless of whether you use
services.
B. Only have to pay in months when you use health care
services. - Correct Answers ✅A. 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?"
A. The amount that is deducted from your paycheck each
year to pay for your policy.
, NURS473: Final Exam Q & As (Verified
Answers) 2026
B. The amount of health expenses you can subtract from
income on your yearly tax return.
C. The amount of covered health care expenses you must pay
yourself each year before your insurance will begin to pay. -
Correct Answers ✅C. 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, and
the bill (after insurance discounts are applied) comes to
$6,000. How much of that hospital bill will you have to pay
yourself?
A. $0.
B. $1,000.
C. $2,000.
D. $4,000. - Correct Answers ✅C. $2,000.
Which of the following best describes the "annual out-of-
pocket limit" under a health insurance policy?
A. The most you will have to pay in deductibles, copays, and
coinsurance for covered care received in network for the year.
