Health Insurance and Health Care: Overview, Roles & Regulations


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question 1 of 3

A financial agreement for the payment of health-related costs that is made between an individual or a group of individuals and an insurance company is known as _____.

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1. Susie selects a health insurance plan through her employer where she makes a $200 payment in full each month for her health care benefits to remain completely active. This payment is known as:

2. Raymond pays for the first $2,600 of covered services himself (out-of-pocket) under his health insurance plan. This $2,600 is a known as a _____.

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About This Quiz & Worksheet

This quiz and corresponding worksheet will gauge your knowledge of the basics of health insurance and health care. Questions focus on key terms related to this field.

Quiz & Worksheet Goals

Use this printable worksheet and quiz to review the following:

  • Financial agreement for payment of health care costs
  • Amount paid at set intervals to the insurance company
  • Amount paid by individual before the insurance company begins to pay
  • Procedures/services not covered by an insurance policy/plan

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related health lesson
  • Interpreting information - verify you can read information regarding insurance and interpret it correctly
  • Defining key concepts - ensure that you can define key terms related to health care and health insurance based on provided definitions

Additional Learning

To learn more about what your health benefits will most likely cover, review the corresponding lesson titled Health Insurance and Health Care: Overview, Roles & Regulations. This lesson will help you:

  • Identify the importance of having health insurance
  • Define health insurance
  • Understand how a person can receive health insurance benefits
  • Describe the role of the deductible in your health benefits
  • Appreciate the difference between a copay and coinsurance
  • Show how a company might cap the maximum amounts in the policy