Finding the right health insurance coverage for your family can be daunting. There are so many options -- and prices for each option -- it's not something to take lightly. And you need to understand your family's needs before you decide on a plan. Think those chemistry tests in high school were bad? See how you do on our health insurance quiz!
Which of the following explains coinsurance?
a couple belonging to one plan
your company paying a portion of your insurance costs
being required to pay a percentage of all health costs
Coinsurance is when a provider requires you to pay a portion of all health costs, even if your deductible has been met.
Which of the following is true of the government's health care reform?
everyone will be insured
pre-existing conditions will no longer be relevant
the plan will not begin until 2014
all of the above
There is much anticipation around the health care reform, including the ideas that everyone will be insured, pre-existing conditions won't matter and the start date of the new plan -- all of which are true.
True or false: Catastrophic insurance is the cheapest and best plan for a family.
Catastrophic insurance is meant to cover you in emergency situations when you cannot afford full health coverage. For a low monthly fee, you will be covered for major health issues, but day to day appointments are not covered.