Indiana Insurance Navigator Certification 2025 – 400 Free Practice Questions to Pass the Exam

Question: 1 / 400

In the context of Medicaid, what is the role of co-insurance?

To provide fully funded healthcare services

To share the costs of services between the patient and provider

The correct answer highlights that co-insurance plays a crucial role in sharing the costs of healthcare services between the patient and the provider. In Medicaid, co-insurance is a cost-sharing mechanism where after a deductible is met, the patient is responsible for a percentage of the service costs, while Medicaid covers the remainder. This system ensures that individuals are not solely burdened with the full cost of medical services, promoting more equitable access to care.

The practice of co-insurance encourages patients to utilize healthcare services, as they are not responsible for the entire expense. It balances financial responsibility between the healthcare system and patients, thus supporting sustainable healthcare management. Through this model, Medicaid maintains its mission to provide necessary medical care while promoting the responsible use of services.

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To cover all expenses made on health services

To limit access to expensive treatments

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