CCE Exam Questions with Correct Answers

what is an insurance carrier? - Answer-A company that provides insurance plans What is the definition of health insurance? - Answer-A contract for checking patients from financial loss and a case of illness What is the term for the fee patients pay to be enrolled in insurance plan? - Answer-Premium How often must a patient must meet the deductible? - Answer-Each year If an insurance carrier agrees to pay 80% of a specific charge and request of the patient pay the remaining 20% what kind of out-of-pocket expenses is this? - Answer-Coinsurance The amount that must be paid yearly by the patient before the insurance carrier will begin making payments? - Answer-Deductible Reimbursements made by the insurance carrier for the services covered underneath the policy - Answer-Benefits A medical expense that must be paid by the patient - Answer-Out of pocket What is one advantage of individual enrollment over group enrollment in an insurance plan? - Answer-More choices of policies Insurance plan ensures lower rates for a patient who uses certain physician - Answer-Managed care True or false with fee-for-service plans patients are reimbursed for health expert care expenses after out-of-pocket payments are made? - Answer-True What is the goal of managed care insurance? - Answer-To reduce medical expenses by maintaining healthy lifestyles What is an advantage for choosing fee for service plans - Answer-The patient can receive care from any provider Which of the following insurance programs was created for senior citizens? - Answer-Medicare