Which of the following statements about health insurance is true?

Health insurance plans can indeed vary significantly in coverage and costs, making this statement true. Each plan may offer different levels of coverage for services such as hospital stays, outpatient care, prescription drugs, preventive services, and more. This variability allows consumers to choose plans that better fit their individual needs and financial situations.

For example, some plans may have lower premiums but higher deductibles, while others might offer comprehensive coverage with higher premium costs. Additionally, coverage for specific services, networks of providers, and out-of-pocket maximums can all differ across plans. Understanding these variations is crucial for individuals when selecting the health insurance plan that best meets their health needs and budget.

In contrast, the other statements are misleading or incorrect. Not all plans are created equal; they are not standardized, and thus, they do not cover the same benefits. Younger individuals do not necessarily pay more than older individuals for health insurance; in many cases, older adults may have higher premiums due to age-related health factors. Additionally, preventive services are typically covered under most health plans, especially under the Affordable Care Act, which mandates that certain preventive services must be provided without cost-sharing.