Health Insurance Answers

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1
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What is health insurance?

A
agreement between a patient and a healthcare provider that says the patient will pay for all medical expenses
B
agreement between a healthcare provider and a health insurance company that says the company will pay a portion of the provider’s medical expenses
C
agreement between a patient and a health insurance company that says the company will pay a portion of the patient’s medical expenses.
2
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Which of the following statements are true? (Select all correct answers.)

A
A high premium usually means a patient will pay high out-of-pocket costs.
B
A high premium usually means a patient will pay low out-of-pocket costs.
C
A low premium usually means a patient will pay high out-of-pocket costs.
D
A low premium usually means a patient will pay low out-of-pocket costs.

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