Test Your Knowledge Quiz
Test Your Knowledge Quiz
Test Your Knowledge on Consumer-Driven Health Plans
Are you well-versed in Consumer-Driven Health Plans (CDHPs) and Health Savings Accounts (HSAs)? Put your knowledge to the test with our engaging quiz designed to evaluate your understanding of key concepts in healthcare plans.
- 15 multiple-choice questions
- Learn about benefits, costs, and strategies
- Challenge your expertise!
What is a Consumer-Driven Health Plan (CDHP)?
A medical insurance plan with high premiums
A healthcare insurance plan that pairs low premiums with a tax-advantaged Health Savings Account (HSA)
A tax-advantaged Health Savings Account (HSA)
A medical insurance plan that covers some, but not all preventive services
With a Consumer-Driven Health Plan (CDHP), you will pay...
Set copay amounts for healthcare services when you need them
The full cost for healthcare services when you need them, until you reach your annual deductible amount
The same cost for healthcare services, whether or not you use an in-network provider
The same total cost for your healthcare, whether or not you need healthcare services
You will be required to use only in-network providers as a Consumer-Driven Health Plan (CDHP) participant.
True
False
What is a Health Savings Account (HSA)?
A tax-advantaged savings account used to pay for medical expenses that does not allow you to keep unused funds at the end of the year
A savings account used as a part of an employee’s health plan, without tax advantages
A tax-advantaged savings account available with a Consumer-Driven Health Plan (CDHP) that lets you contribute funds and use them to pay for qualified medical expenses
A savings account used to purchase your health care plan
You can contribute to a Health Savings Account (HSA) without participating in a Consumer-Driven Health Plan (CDHP).
True
False
You can participate in a Consumer-Driven Health Plan (CDHP) without a Health Savings Account (HSA).
True
False
What is the benefit of using an in-network provider?
There is no real benefit, it is required when enrolled in a Consumer-Driven Health Plan (CDHP)
In-network providers are free
Top quality care offered at reduced rates
Out-of-Network providers won’t accept a participant enrolled in a Consumer-Driven Health Plan (CDHP)
What is coinsurance?
The cost you pay for your healthcare expenses until you reach your annual deductible
The percentage you pay for your healthcare expenses after meeting your annual deductible
The cost you pay out of your paycheck to have CDHP coverage
Medical insurance coverage for you and your spouse
The designated annual amounts for Health Savings Account (HSA) contributions and withdraw limits are the same for individual and family plan participants.
True
False
As a Consumer-Driven Health Plan (CDHP) participant, you can choose if you’d like a Flexible Savings Account (FSA) or Health Savings Account (HSA):
True
False
Annual in-network well visits and screenings for you and your covered dependents are 100% covered by Gates’ medical plans:
True
False
Using generic vs. brand-name prescription drugs is a way to:
Save money, without sacrificing prescription drug quality or safety
Put your health at risk
Lower the side effects of a drug
None of the above
In the CDHP, you have to pay the full cost for all prescriptions, including preventive drugs, until you meet your annual deductible:
True
False
ReadyFill at Mail® enables you to:
Get your prescription refills and renewals automatically sent to your home with no shipping or handling charges
Get your prescription drugs at a discounted rate
Avoid the risk of running out of a prescription
All of the above
The Gates Vitality Program is:
A free wellness program available to all Gates employees
A way to reduce the cost of your annual healthcare premiums
A support system to help you meet your health and lifestyle goals
All of the above
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