Quiz On Healthcare and Medical Expense Planning
- Which of the following is a tax-advantaged savings account specifically designed for medical expenses?
- What does COBRA stand for in relation to healthcare coverage?
- Which type of insurance provides coverage for long-term care services such as nursing home care or home health care?
- What is the purpose of a Health Reimbursement Arrangement (HRA)?
- Which government program provides healthcare coverage for individuals aged 65 and older?
- Which of the following is a qualified medical expense that can be reimbursed through a Flexible Spending Account (FSA)?
- Which type of insurance policy pays a predetermined amount for each day an individual is hospitalized?
- Which government program provides healthcare coverage for low-income individuals and families?
- What is the purpose of a Health Maintenance Organization (HMO)?
- Which type of insurance is designed to cover the costs of unexpected medical events and emergencies?
- Which government program provides healthcare coverage for active and retired military personnel and their families?
- What is the purpose of a Health Savings Account (HSA)?
- Which of the following is an example of a preventive care service that is typically covered at no additional cost under health insurance plans?
- What is the purpose of a Medical Power of Attorney?
- Which type of insurance covers a portion of the costs for prescription medications?
IRA (Individual Retirement Account)
ESA (Education Savings Account)
HSA (Health Savings Account)
Committee on Budget, Resources, and Accounting
Consolidated Omnibus Budget Reconciliation Act
Coordination of Benefits and Reimbursement Agreement
Life insurance
Medicare
Long-term care insurance
To offer supplemental health coverage to employees
To reimburse employees for qualified medical expenses
To provide retirement benefits to employees
Medicare
TRICARE
Medicaid
Over-the-counter medications without a prescription
Cosmetic surgery
Vacation expenses for medical treatments
Term life insurance
Disability insurance
Hospital indemnity insurance
Medicare
Affordable Care Act
Medicaid
To provide coverage for catastrophic medical events
To focus on preventive care and manage healthcare costs
To offer tax-advantaged savings for medical expenses
Supplemental insurance
Catastrophic insurance
Comprehensive insurance
TRICARE
Medicaid
COBRA
To save for retirement
To fund education expenses for dependent children
To pay for healthcare expenses with pre-tax dollars
Emergency room visits
Hospital stays
Annual physical exams
To make medical decisions on behalf of an individual who is unable to do so
To dispute medical bills and insurance claims
To apply for government healthcare programs
Vision insurance
Prescription drug insurance
Dental insurance