Health Insurance

Questions Related to Personal Finance, Chapter 11 (Health Insurance)

1. Distinguish between a traditional health insurance plan and health maintenance organizations (HMOs).
2. What is a high-deductible health insurance plan, and how does it work with a health savings account (HSA).
3. Distinguish between the government health program called Medicare and Medicaid.
4. Distinguish among an exclusion, deductible, a co-insurance, and a co-pay.
5. What is meant by the out-of-pocket maximum?