Question 1

Beth was injured at work and is eligible to receive workers compensation benefits.All of the following benefits are provided under workers compensation EXCEPT

Accepted Answer

A) disability income. 
B) retirement benefits. 
C) rehabilitation. 
D) medical care. 
A) disability income. 
B) retirement benefits. 
C) rehabilitation. 
D) medical care.

Question 2

Which of the following statements about workers compensation programs is true?

Accepted Answer

A) Injured workers must prove the employer was responsible for their injuries to collect benefits. 
B) Workers compensation disability income benefits (amount and duration)are uniform from state to state. 
C) Options available for complying with the law may include one or more of the following: self-insurance,private insurance,or insurance through a state fund. 
D) Most states have elective laws whereby the employer can choose whether or not to provide workers compensation coverage to employees. 
A) Injured workers must prove the employer was responsible for their injuries to collect benefits. 
B) Workers compensation disability income benefits (amount and duration)are uniform from state to state. 
C) Options available for complying with the law may include one or more of the following: self-insurance,private insurance,or insurance through a state fund. 
D) Most states have elective laws whereby the employer can choose whether or not to provide workers compensation coverage to employees.

Question 3

Which of the following statements about the characteristics of social insurance programs is true?

Accepted Answer

A) Benefits are loosely related to a worker's earnings. 
B) Benefits are paid primarily on the basis of individual equity. 
C) Participation in social insurance programs is voluntary. 
D) Social insurance programs must be fully funded at all times to pay required benefits. 
A) Benefits are loosely related to a worker's earnings. 
B) Benefits are paid primarily on the basis of individual equity. 
C) Participation in social insurance programs is voluntary. 
D) Social insurance programs must be fully funded at all times to pay required benefits.

Question 4

Under one type of Medicare Advantage Plan,members of the plan can see any doctor or health services provider that accepts Medicare patients.If members receive care outside the network of member physicians and care facilities,they must pay higher out-of-pocket costs.This type of Medicare Advantage Plan is a

Accepted Answer

A) Medicare HMO. 
B) Medicare PPO. 
C) Medicare Special Needs Plan. 
D) Medicare Private Fee-for-Service Plan. 
A) Medicare HMO. 
B) Medicare PPO. 
C) Medicare Special Needs Plan. 
D) Medicare Private Fee-for-Service Plan.

Question 5

Which of the following statements about the full retirement age under the Social Security program is true?

Accepted Answer

A) The current retirement age for full benefits is age 62. 
B) Beginning in the year 2020,the retirement age will be gradually increased to age 72. 
C) Early retirement with reduced benefits is allowed as early as age 55. 
D) Delayed retirement beyond the age for full benefits increases the amount of the monthly benefit. 
A) The current retirement age for full benefits is age 62. 
B) Beginning in the year 2020,the retirement age will be gradually increased to age 72. 
C) Early retirement with reduced benefits is allowed as early as age 55. 
D) Delayed retirement beyond the age for full benefits increases the amount of the monthly benefit.

Question 6

All of the following provisions under the Affordable Care Act have an impact on the current Medicare Program EXCEPT

Accepted Answer

A) free preventative care for seniors. 
B) additional funding to reduce fraud in the Medicare Program. 
C) free rest home care for beneficiaries over age 90. 
D) rebates for the Part D coverage gap (donut hole). 
A) free preventative care for seniors. 
B) additional funding to reduce fraud in the Medicare Program. 
C) free rest home care for beneficiaries over age 90. 
D) rebates for the Part D coverage gap (donut hole).

Question 7

Under Part A of Medicare,how is reimbursement for inpatient hospital care determined?

Accepted Answer

A) The amount billed to Medicare by the hospital is the amount Medicare pays. 
B) Eighty percent of the hospital's regular charge for care is paid. 
C) The hospital's usual,reasonable,and customary charge is paid. 
D) Hospital care is classified into diagnosis-related groups (DRGs)and the amount reimbursed depends on the DRG classification of the care delivered. 
A) The amount billed to Medicare by the hospital is the amount Medicare pays. 
B) Eighty percent of the hospital's regular charge for care is paid. 
C) The hospital's usual,reasonable,and customary charge is paid. 
D) Hospital care is classified into diagnosis-related groups (DRGs)and the amount reimbursed depends on the DRG classification of the care delivered.

Question 8

Under the Medicare Prescription Drug Program,a coverage gap (also called a "donut hole")exists after the beneficiary and drug plan pay a certain amount for covered drugs.The coverage gap refers to

Accepted Answer

A) the large,up-front deductible that must be satisfied if the patient has a prescription for a covered brand-name drug. 
B) the temporary gap in coverage that begins when the beneficiary and drug plan pay a certain amount for covered drugs during the year and ends when the catastrophic limit is reached and coverage resumes. 
C) the temporary gap in coverage that begins after beneficiaries reach the lifetime limit on catastrophic drug expenses and ends when a new deductible is met and coverage resumes. 
D) the temporary gap in coverage that begins when prescription benefits terminate for beneficiaries who attain age 68 and resumes when beneficiaries attain age 72. 
A) the large,up-front deductible that must be satisfied if the patient has a prescription for a covered brand-name drug. 
B) the temporary gap in coverage that begins when the beneficiary and drug plan pay a certain amount for covered drugs during the year and ends when the catastrophic limit is reached and coverage resumes. 
C) the temporary gap in coverage that begins after beneficiaries reach the lifetime limit on catastrophic drug expenses and ends when a new deductible is met and coverage resumes. 
D) the temporary gap in coverage that begins when prescription benefits terminate for beneficiaries who attain age 68 and resumes when beneficiaries attain age 72.

Question 9

Which of the following statements about problems and issues in workers compensation insurance is (are)true?
I.The cost of medical care under workers compensation continues to rise.
II.Enactment of workers compensation statutes has eliminated litigation with respect to work-related illnesses and injuries.

Accepted Answer

A) I only 
B) II only 
C) both I and II 
D) neither I nor II 
A) I only 
B) II only 
C) both I and II 
D) neither I nor II

Question 10

Which of the following statements is true with regard to the Medicare program?

Accepted Answer

A) While Social Security old-age benefits are available at age 62,Medicare Part A benefits are not available,in most cases,until age 65. 
B) If an individual delays collecting Social Security old-age benefits until after the full retirement age,he or she is not eligible for Medicare benefits until he or she begins to collect old-age benefits. 
C) Part B of Medicare is funded through a payroll tax. 
D) Beneficiaries must pay a monthly premium for Medicare Part A coverage. 
A) While Social Security old-age benefits are available at age 62,Medicare Part A benefits are not available,in most cases,until age 65. 
B) If an individual delays collecting Social Security old-age benefits until after the full retirement age,he or she is not eligible for Medicare benefits until he or she begins to collect old-age benefits. 
C) Part B of Medicare is funded through a payroll tax. 
D) Beneficiaries must pay a monthly premium for Medicare Part A coverage.

Question 11

In addition to most persons over age 65,which of the following persons is (are)eligible for Medicare benefits?
I.Persons under age 65 who have been entitled to Social Security disability benefits for at least 24 months
II.Persons under 65 who need long-term kidney dialysis treatment or a kidney transplant

Accepted Answer

A) I only 
B) II only 
C) both I and II 
D) neither I nor II 
A) I only 
B) II only 
C) both I and II 
D) neither I nor II

Question 12

Which of the following statements about benefits provided by workers compensation programs is true?

Accepted Answer

A) Occupational disability and nonoccupational disability are covered. 
B) Death benefits and benefits to eligible survivors are payable if a worker is killed on the job. 
C) Medical benefits are usually subject to deductibles,coinsurance,and numerous exclusions. 
D) Retirement benefits are payable to retired workers through workers compensation. 
A) Occupational disability and nonoccupational disability are covered. 
B) Death benefits and benefits to eligible survivors are payable if a worker is killed on the job. 
C) Medical benefits are usually subject to deductibles,coinsurance,and numerous exclusions. 
D) Retirement benefits are payable to retired workers through workers compensation.

Question 13

Which of the following is a reason that social insurance programs exist?

Accepted Answer

A) to compete with private insurance programs 
B) to provide a base of economic security 
C) to provide need-tested benefits to low-income individuals 
D) to reduce involvement of the government in insurance markets 
A) to compete with private insurance programs 
B) to provide a base of economic security 
C) to provide need-tested benefits to low-income individuals 
D) to reduce involvement of the government in insurance markets

Question 14

Which of the following expenses is covered under the medical insurance (Part B.portion of the Medicare program?

Accepted Answer

A) a long-term stay in rest home 
B) the fee charged by a surgeon for an operation 
C) the cost of semis-private room during a hospital stay 
D) routine prescription drugs outside of the hospital 
A) a long-term stay in rest home 
B) the fee charged by a surgeon for an operation 
C) the cost of semis-private room during a hospital stay 
D) routine prescription drugs outside of the hospital

Question 15

Which of the following is a current problem with workers compensation programs?

Accepted Answer

A) declining involvement of lawyers in workers compensation claims 
B) exclusion of deaths and injuries attributable to terrorism 
C) reduced benefits for occupational illness 
D) rising share of medical costs as a share of total benefits 
A) declining involvement of lawyers in workers compensation claims 
B) exclusion of deaths and injuries attributable to terrorism 
C) reduced benefits for occupational illness 
D) rising share of medical costs as a share of total benefits

Question 16

Which of the following statements is (are)true with respect to the Social Security earnings test?
I.The earnings test does not apply to dividends,interest,and rental income.
II.The earnings test does not apply to work earnings for those individuals who have reached the full retirement age under Social Security.

Accepted Answer

A) I only 
B) II only 
C) both I and II 
D) neither I nor II 
A) I only 
B) II only 
C) both I and II 
D) neither I nor II

Beth was injured at work and is eligible to receive workers compensation benefits.All of the following benefits are provided under workers compensation EXCEPT

Which of the following statements about workers compensation programs is true?

Which of the following statements about the characteristics of social insurance programs is true?

Which of the following statements about the full retirement age under the Social Security program is true?

All of the following provisions under the Affordable Care Act have an impact on the current Medicare Program EXCEPT

Under Part A of Medicare,how is reimbursement for inpatient hospital care determined?

Under the Medicare Prescription Drug Program,a coverage gap (also called a "donut hole")exists after the beneficiary and drug plan pay a certain amount for covered drugs.The coverage gap refers to

Which of the following statements is true with regard to the Medicare program?

Which of the following statements about benefits provided by workers compensation programs is true?

Which of the following is a reason that social insurance programs exist?

Which of the following expenses is covered under the medical insurance (Part B.portion of the Medicare program?

Which of the following is a current problem with workers compensation programs?

Risk and Its Treatment

Insurance and Risk

Introduction to Risk Management

Advanced Topics in Risk Management

Types of Insurers and Marketing Systems

Insurance Company Operations

Financial Operations of Insurers

Government Regulation of Insurance

Fundamental Legal Principles

Analysis of Insurance Contracts

Life Insurance

Life Insurance Contractual Provisions

Buying Life Insurance

Annuities and Individual Retirement Accounts

Health-Care Reform; Individual Health Insurance Coverages

Employee Benefits: Group Life and Health Insurance

Employee Benefits: Retirement Plans

The Liability Risk

Homeowners Insurance,section I

Homeowners Insurance,section II

Auto Insurance

Auto Insurance and Society

Other Property and Liability Insurance Coverages

Commercial Property Insurance

Commercial Liability Insurance

Crime Insurance and Surety Bonds

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Exam 18: Social Insurance

Beth was injured at work and is eligible to receive workers compensation benefits.All of the following benefits are provided under workers compensation EXCEPT

Which of the following statements about workers compensation programs is true?

Which of the following statements about the characteristics of social insurance programs is true?

Which of the following statements about the full retirement age under the Social Security program is true?

All of the following provisions under the Affordable Care Act have an impact on the current Medicare Program EXCEPT

Under Part A of Medicare,how is reimbursement for inpatient hospital care determined?

Under the Medicare Prescription Drug Program,a coverage gap (also called a "donut hole")exists after the beneficiary and drug plan pay a certain amount for covered drugs.The coverage gap refers to

Which of the following statements is true with regard to the Medicare program?

Which of the following statements about benefits provided by workers compensation programs is true?

Which of the following is a reason that social insurance programs exist?

Which of the following expenses is covered under the medical insurance (Part B.portion of the Medicare program?

Which of the following is a current problem with workers compensation programs?

Risk and Its Treatment

Insurance and Risk

Introduction to Risk Management

Advanced Topics in Risk Management

Types of Insurers and Marketing Systems

Insurance Company Operations

Financial Operations of Insurers

Government Regulation of Insurance

Fundamental Legal Principles

Analysis of Insurance Contracts

Life Insurance

Life Insurance Contractual Provisions

Buying Life Insurance

Annuities and Individual Retirement Accounts

Health-Care Reform; Individual Health Insurance Coverages

Employee Benefits: Group Life and Health Insurance

Employee Benefits: Retirement Plans

The Liability Risk

Homeowners Insurance,section I

Homeowners Insurance,section II

Auto Insurance

Auto Insurance and Society

Other Property and Liability Insurance Coverages

Commercial Property Insurance

Commercial Liability Insurance

Crime Insurance and Surety Bonds

Filters