AHIP FINALQUIZ QUESTIONS AND CORRECT
ANSWERS
Insurer vs Insured - Correct Answer: - insurer is a company that provides plan
- insured are the people that buy into the plan
Group health insurance - Correct Answer: Health coverage provided by employers to members of a
group.
Group health insurance - types of coverage - Correct Answer: You can choose among several or just one
depending on your employer
* dental, vision, medical benefits, managed care, fee-for-service insurance
- dental:
* basic/preventative services, restorative services, comprehensive or stand-alone, ACA (children,
some adults)
- vision:
* basic exams and prescription glasses, ACA (children, some adults)
^ both are employer-sponsored voluntary group plans
Premium tax-credit - Correct Answer: a subsidy that reduces the amount that consumers must pay
* tax credit that will lower monthly premium based on income and household info
* advanced premium tax-credit (aptc)
self employed workers - Correct Answer: can deduct health insurance premiums from their federal
taxable income - important tax savings
contracts/health insurance policy - Correct Answer: between insurer and insured
- consideration: specifically termed agreement w/ promise to do something in return for a
valuable benefit (employer/insured premium payments to the insurer)