03/16/20 - Health Insurance
Quiz by Christopher Jones
High School
Financial Mathematics
Texas Essential Knowledge and Skills (TEKS) - Electives
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Measures 1 skill fromHigh SchoolFinancial MathematicsTexas Essential Knowledge and Skills (TEKS) - Electives
Measures 1 skill from
High School
Financial Mathematics
Texas Essential Knowledge and Skills (TEKS) - Electives
130.180.F.10.C
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3 questions
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- Q1What is a copayment?A percentage of your medicals bill that you pay out of pocket while your insurance pays the rest.A fixed amount of money that you pay for routine services and your insurance pays the rest.300s130.180.F.10.C
- Q2How are copayments and coinsurance similar?Both are usually very small amounts of money, around 50 dollars.Both tend to have maximums on how much you have to pay out of pocket.There are no similarities between the two.Both have you pay an amount of money out of pocket and your insurance pays the rest.300s130.180.F.10.C
- Q3William has an insurance plan where his copay for a routine checkup is 35 dollars and a 90/10 coinsurance plan. He saw his primary care physician five times last year and got a surgery done that cost him 5,000 dollars. What was William's out of pocket expense? Assume his insurance plan has no deductible.$500$4,675$675$175300s130.180.F.10.C