Exam 15: Individual Health Insurance Coverages

Which of the following statements about disability and disability income insurance is (are)true? I.Most disability income policies replace 100 percent of gross earnings. II.The probability of being disabled before age 65 is much higher than commonly believed,especially at younger ages.

The effect of an out-of-pocket limit in a major medical insurance policy is to

Which of the following statements about health savings accounts (HSAs)is true?

Problems with the current health care system in the United States include which of the following? I.A large number of people are without health care coverage. II.Considerable waste and inefficiency in the health care system.

Which of the following statements is (are)true regarding the calendar-year deductible used in most major medical policies? I.Once the deductible is satisfied,no additional deductible is payable during the calendar year. II.A carryover provision helps to avoid paying two deductibles in a short period of time.

Which of the following statements about long-term care insurance is (are)true? I.Long-term care insurance is inexpensive,especially if purchased at older ages. II.Purchasers have a choice of daily benefits and benefit periods.

Which of the following statements about individual disability income policies is true?

Under one health care reform proposal,a government entity would be created that would compete with private insurance plans.This alternative is called the

All of the following statements about the tax treatment of Health Savings Accounts (HSAs)are true EXCEPT

The inability of the insured to perform one or more important duties of his or her occupation is called

One guideline when purchasing individual health insurance is to avoid limited policies.All of the following are examples of limited policies EXCEPT

Major medical insurance is characterized by which of the following?

All the following are common exclusions in a major medical insurance policy EXCEPT

Purposes of the coinsurance provision in major medical insurance policies include which of the following? I.To reduce premiums. II.To prevent overutilization of policy benefits.

Beth's disability income insurance policy provides benefits for accidental death,dismemberment,and loss of sight.The maximum amount payable under this benefit is known as the

Jan needed health insurance.She met with an agent who described the provisions of a health insurance policy.Jan purchased the policy.When she got home,she reviewed the policy and noted several provisions were different from what the agent described.She was not satisfied with the policy and immediately sent it back to the agent with a note stating her reasons for returning the policy.Jan is guaranteed a premium refund because of which policy provision?

All of the following statements about individual disability income policies are true EXCEPT

Which of the following statements about physician's services benefits under major medical insurance is true?

All of the following statements about optional disability income benefits are true EXCEPT

All of the following are typical characteristics of major medical insurance EXCEPT