HLTH 2030 questions with 100% correct
answers
High Deductible, Low monthly premium
Liked by younger people who are healthy, people who own business
People who have this kinda insurance need to put money aside for when they need help because the
deductible is high.
What are principles of insurance
- risk is unprediable for individuals
-insurance can shift from individuals s to group by pooling resources
-losses are shared by all members
-risk can be predicted with some accuracy for a large group
Health Reimbursement Arrangement (HRA)
Health plan in which the employer sets aside money in a health reimbursement account to help
employees pay for qualified medical expenses.
this is tax exempt
Medicare
A federal program of health insurance for persons 65 years of age and older
Medicare Part A
, (Hospital) The part of the Medicare program that pays for hospitalization, care in a skilled nursing facility,
home health care, and hospice care.
It is paid by people who work for at least 10 years
Psych benefits are 190 days per LIFETIME
Medicare Part B
(supplementary medical insurance) The part of the Medicare program that pays for physician services,
outpatient hospital services, durable medical equipment, and other services and supplies.
Does not have comprehensive coverage = no hearing aids, dental or glasses
Medicare Part C
AKA Medicare Advantage
eliminates the medical coverage, beneficiary received everything from Part A,B, and D
Medicare Part D
Part D = Drugs & DonutHole
Available to those who have part A and B
You must pay your premium
Benefits of Primary Care
Gatekeeper, and higher primary care lower hospitalization
Premium
Monthly amount paid to provide coverage
answers
High Deductible, Low monthly premium
Liked by younger people who are healthy, people who own business
People who have this kinda insurance need to put money aside for when they need help because the
deductible is high.
What are principles of insurance
- risk is unprediable for individuals
-insurance can shift from individuals s to group by pooling resources
-losses are shared by all members
-risk can be predicted with some accuracy for a large group
Health Reimbursement Arrangement (HRA)
Health plan in which the employer sets aside money in a health reimbursement account to help
employees pay for qualified medical expenses.
this is tax exempt
Medicare
A federal program of health insurance for persons 65 years of age and older
Medicare Part A
, (Hospital) The part of the Medicare program that pays for hospitalization, care in a skilled nursing facility,
home health care, and hospice care.
It is paid by people who work for at least 10 years
Psych benefits are 190 days per LIFETIME
Medicare Part B
(supplementary medical insurance) The part of the Medicare program that pays for physician services,
outpatient hospital services, durable medical equipment, and other services and supplies.
Does not have comprehensive coverage = no hearing aids, dental or glasses
Medicare Part C
AKA Medicare Advantage
eliminates the medical coverage, beneficiary received everything from Part A,B, and D
Medicare Part D
Part D = Drugs & DonutHole
Available to those who have part A and B
You must pay your premium
Benefits of Primary Care
Gatekeeper, and higher primary care lower hospitalization
Premium
Monthly amount paid to provide coverage
