Covered California Certified Enroller Practice Exam

Which of the following payment methods can insurance companies through Covered California accept?

1. Only credit cards

2. Cash only

3. Personal check, money order, and cards with Visa, MasterCard, or American Express symbols

4. Bank transfers exclusively

The correct answer is: Personal check, money order, and cards with Visa, MasterCard, or American Express symbols

Insurance companies through Covered California accept multiple payment methods, which include personal checks, money orders, and credit or debit cards that display Visa, MasterCard, or American Express symbols. This flexibility in payment options ensures that consumers can choose the method that best suits their needs and financial practices. The inclusion of personal checks and money orders alongside major credit card brands makes it accessible to a broader range of individuals who might prefer not to use credit cards or those who are unbanked. By allowing these various payment methods, Covered California ensures that more people can manage their premium payments effectively, improving accessibility to insurance coverage. In contrast, the other options are limited in scope. For example, accepting only credit cards, cash only, or exclusively bank transfers would exclude a significant portion of the population who may prefer other payment methods or do not have access to those specific forms of payment. This comprehensive approach to accepting payments is essential for promoting enrolment and maintaining health coverage among diverse communities.