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Employer-Sponsored Health Insurance

Employer-Sponsored Health Insurance Quiz

15 Questions Published
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Questions

Question 1 Multiple Choice (Single Answer)

Which of the following is NOT a type of employer-sponsored health insurance plan?

  1. Health Maintenance Organization (HMO)
  2. Preferred Provider Organization (PPO)
  3. Point-of-Service (POS) Plan
  4. High-Deductible Health Plan (HDHP)
Question 2 Multiple Choice (Single Answer)

What is the main advantage of an HMO?

  1. Lower premiums
  2. More choice of providers
  3. Lower out-of-pocket costs
  4. More flexibility
Question 3 Multiple Choice (Single Answer)

What is the main disadvantage of an HMO?

  1. Higher premiums
  2. Less choice of providers
  3. Higher out-of-pocket costs
  4. Less flexibility
Question 4 Multiple Choice (Single Answer)

What is the main advantage of a PPO?

  1. Lower premiums
  2. More choice of providers
  3. Lower out-of-pocket costs
  4. More flexibility
Question 5 Multiple Choice (Single Answer)

What is the main disadvantage of a PPO?

  1. Higher premiums
  2. Less choice of providers
  3. Higher out-of-pocket costs
  4. Less flexibility
Question 6 Multiple Choice (Single Answer)

What is a POS plan?

  1. A type of HMO that allows patients to see out-of-network providers
  2. A type of PPO that has a lower deductible
  3. A type of health insurance plan that combines features of HMOs and PPOs
  4. A type of health insurance plan that is only available to employees of small businesses
Question 7 Multiple Choice (Single Answer)

What is the main advantage of a POS plan?

  1. Lower premiums
  2. More choice of providers
  3. Lower out-of-pocket costs
  4. More flexibility
Question 8 Multiple Choice (Single Answer)

What is the main disadvantage of a POS plan?

  1. Higher premiums
  2. Less choice of providers
  3. Higher out-of-pocket costs
  4. Less flexibility
Question 9 Multiple Choice (Single Answer)

What is an HDHP?

  1. A type of health insurance plan with a high deductible and a low premium
  2. A type of health insurance plan that is only available to employees of large businesses
  3. A type of health insurance plan that is only available to individuals who are self-employed
  4. A type of health insurance plan that is only available to people who are over the age of 65
Question 10 Multiple Choice (Single Answer)

What is the main advantage of an HDHP?

  1. Lower premiums
  2. More choice of providers
  3. Lower out-of-pocket costs
  4. More flexibility
Question 11 Multiple Choice (Single Answer)

What is the main disadvantage of an HDHP?

  1. Higher premiums
  2. Less choice of providers
  3. Higher out-of-pocket costs
  4. Less flexibility
Question 12 Multiple Choice (Single Answer)

What is a health savings account (HSA)?

  1. A savings account that can be used to pay for qualified medical expenses
  2. A savings account that can be used to pay for any type of expense
  3. A savings account that is only available to employees of large businesses
  4. A savings account that is only available to individuals who are self-employed
Question 13 Multiple Choice (Single Answer)

What are the benefits of an HSA?

  1. Tax-free contributions
  2. Tax-free growth
  3. Tax-free withdrawals for qualified medical expenses
  4. All of the above
Question 14 Multiple Choice (Single Answer)

Who is eligible for an HSA?

  1. Individuals who are covered by an HDHP
  2. Individuals who are self-employed
  3. Individuals who are under the age of 65
  4. All of the above
Question 15 Multiple Choice (Single Answer)

What is the maximum annual contribution limit for an HSA in 2023?

  1. $3,850 for individuals and $7,750 for families
  2. $4,000 for individuals and $8,000 for families
  3. $4,500 for individuals and $9,000 for families
  4. $5,000 for individuals and $10,000 for families
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