A nurse is newly employed by a state-owned hospital that provides health care insurance requiring a deductible paid by the employee with the majority of the premium cost covered by the employer. The insurance provided to the nurse is:

Question

a. private health insurance.
b. a federal insurances program known as PPACA.
c. state-subsidized Medicaid insurance.
d. single-payer system coverage.

Answer 1

ANS: A
Correct: Private health insurance is a method for individuals to maintain insurance coverage for health care costs through a contract with a health insurance company that agrees to pay all or a portion of the cost of a set of defined health care services and is typically the provided through an individual's employer with a portion of the cost paid by the employer and a portion paid by the employee.
Incorrect:
b. PPACA is a federal insurance policy but is not part of employment benefits.
c. Medicaid is state subsidized but not part of state employee benefits—it is available to the poor, blind, disabled, or those on kidney dialysis.
d. Single-payer systems, usually the government, pay all health care expenses for citizens, funded by taxes.