QUESTIONS AND CORRECT ANSWERS
Private health insurance - Correct answers✔✔Insurance accessed through employer or
individually; provides coverage for medical expenses
Group sponsored - Correct answers✔✔Health insurance accessed through employer; covers a
group of individuals
Self-funded - Correct answers✔✔Health insurance where a large employer bears the risk for
medical claims
Stop-loss insurance - Correct answers✔✔Insurance that provides coverage for catastrophic
medical claims
ERISA - Correct answers✔✔Federal law exempting self-funded employers from state regulation
Large Group - Correct answers✔✔Employer-sponsored health insurance where the employer
does not bear the risk; premium based on group's medical claims experience
Small Group - Correct answers✔✔Employer-sponsored health insurance where the employer
does not bear the risk; limited benefit design
Individual insurance - Correct answers✔✔Health insurance for individuals without employer
coverage; similar to small group insurance