MIT 103 TEST 1 QUESTIONS AND CORRECT ANSWERS LATEST UPDATE 2025-2026
One significant change is the expanded coverage for young adults. At what age are they allowed to stay
on their parents' policy? - Answers until the age of 26
If a 25 year old is covered under his/her parents' plan, and that individual is offered insurance at his/her
place of employment, can that person opt to stay on his/her parents' plan? - Answers Yes
With Medicaid programs, your health coverage options generally depend on your state, your income
and your family size. - Answers True
True or False Health insurance can cross state lines, meaning states will honor the insurance rate given
in another state if it is the same coverage. - Answers False
In 2014, all discrimination against pre-existing conditions was prohibited. - Answers True
By 2040, there will be about ____________ older persons in the US. This will be approximately
__________ of the population. - Answers 98 million, 21.7%
The payment system that determines costs and payments BEFORE delivery of service is termed: -
Answers Prospective payment
Who is considered to be the "Father of Medicine?" - Answers Hippocrates
Which of the following payment systems is "cost" based; physicians or hospitals are reimbursed after
the service is provided. - Answers Retrospective
DRG stands for: - Answers Diagnostic Related Groups
When do most individuals incur the majority of their health care expenditures? - Answers During the
final year of life
Who of the following would be eligible for CHIP? - Answers both a and c are correct
The projected annual cost of health care in the United States for 2027 is ________________. - Answers
$6.0 trillion
The Governing Board of a hospital most often consists of a:I. PresidentII. Person from the communityIII.
PhysicianIV. Student - Answers I, II, III
The office in charge of patient billing is: - Answers Business Office
Electronic healthcare data from patient medical records to hospital operations are kept in the: - Answers
HIS
Job posting is the responsibility of the: - Answers Personnel Department
One significant change is the expanded coverage for young adults. At what age are they allowed to stay
on their parents' policy? - Answers until the age of 26
If a 25 year old is covered under his/her parents' plan, and that individual is offered insurance at his/her
place of employment, can that person opt to stay on his/her parents' plan? - Answers Yes
With Medicaid programs, your health coverage options generally depend on your state, your income
and your family size. - Answers True
True or False Health insurance can cross state lines, meaning states will honor the insurance rate given
in another state if it is the same coverage. - Answers False
In 2014, all discrimination against pre-existing conditions was prohibited. - Answers True
By 2040, there will be about ____________ older persons in the US. This will be approximately
__________ of the population. - Answers 98 million, 21.7%
The payment system that determines costs and payments BEFORE delivery of service is termed: -
Answers Prospective payment
Who is considered to be the "Father of Medicine?" - Answers Hippocrates
Which of the following payment systems is "cost" based; physicians or hospitals are reimbursed after
the service is provided. - Answers Retrospective
DRG stands for: - Answers Diagnostic Related Groups
When do most individuals incur the majority of their health care expenditures? - Answers During the
final year of life
Who of the following would be eligible for CHIP? - Answers both a and c are correct
The projected annual cost of health care in the United States for 2027 is ________________. - Answers
$6.0 trillion
The Governing Board of a hospital most often consists of a:I. PresidentII. Person from the communityIII.
PhysicianIV. Student - Answers I, II, III
The office in charge of patient billing is: - Answers Business Office
Electronic healthcare data from patient medical records to hospital operations are kept in the: - Answers
HIS
Job posting is the responsibility of the: - Answers Personnel Department
