NU 180 Exam 3 Review Questions and
Correct Answers/ Latest Update / Already
Graded
Premium
Ans: Monthly fee paid for health insurance coverage.
Deductible
Ans: Annual out-of-pocket amount paid before insurance
covers expenses.
Copayment
Ans: Set fee paid at the time of service (office visit,
medication).
Coinsurance
Ans: Percentage of bill paid by the insured after deductible is
met.
Capitation
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Ans: A set monthly fee charged per patient for defined services
(cost-containment model).
Fee-for-service
Ans: Traditional model where providers are paid for each
service.
Medicare
Ans: Federal program for those 65+ or with qualifying
disabilities.
Medicare Part A
Ans: Covers hospital and inpatient care.
Medicare Part B
Ans: Covers physician and outpatient care.
Medicaid
Ans: State & federally funded program based on income need,
helping low-income families, pregnant women, and disabled
individuals.
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