FREE AHIP MCQ Questions and Answers

Question 1

Which of the following accurately describes a "health insurance premium"?

Accepted Answer

The monthly premiums that health insurance providers charge for coverage

Answer

The ideal kind of health insurance available

Answer

"A reward for remaining insured at the conclusion of the year
I'm not sure"

Answer

Don’t know

Question 2

Is a health insurance premium something you have to pay every month, whether or not you use medical services, or is it something you just have to pay when you need medical services?

Accepted Answer

Must pay every month, regardless of whether you use services

Answer

Don’t know.

Answer

Only have to pay in months when you use health care services.

Question 3

Which of the following summarizes the phrase "annual health insurance deductible" the best?

Accepted Answer

The annual maximum amount of eligible medical costs you must pay out-of-pocket before your insurance starts to pay

Answer

The amount withheld annually from your paycheck to pay for your insurance

Answer

The amount of medical expenses you are allowed to deduct from your income on your yearly tax return

Answer

Don’t know

Question 4

Let's say your health insurance plan imposes a $1,000 deductible and a $250 daily copay on hospital costs. After insurance savings are taken into account, your hospital cost after being ill for 4 days comes to $6,000. How much of the hospital bill will you be responsible for covering?

Accepted Answer

$2,000

Answer

$0

Answer

$1,000

Answer

Don’t know

Answer

$4,000

Question 5

Which of the following statements accurately sums up an insurance policy's "annual out-of-pocket maximum"?

Accepted Answer

The annual maximum for deductibles, copays, and coinsurance for covered services received in network

Answer

The annual maximum that your insurance coverage will pay for covered treatments

Answer

The most you will have to pay for premiums in a year

Answer

Don’t know

Question 6

Which of the following statements most accurately sums up a "health insurance formulary"?

Accepted Answer

The list of prescription drugs your health plan will cover

Answer

The document you submit to your insurance provider when you need a medical bill to be paid

Answer

Before having surgery, your insurance provider will need to provide you approval.

Answer

Don’t know

Question 7

Which of the following best characterizes a "provider network" for a health plan?

Accepted Answer

The hospitals and doctors that contract with your health plan to provide services for an agreed-upon rate or fee schedule

Answer

A website where consumers can find information about the best doctors

Answer

The computer system doctors and hospitals use to submit bills to insurance companies

Answer

Don’t know