Exam 16: Employee Benefits: Group Life and Health Insurance

Which of the following statements is (are)true with regard to group life insurance? I.Most group life insurance is whole life coverage. II.Most group life insurance plans allow a modest amount of life insurance on the employee's spouse and dependent children.

An HMO physician who determines if medical care from a specialist is necessary is called a(n)

Which of the following is a provision of the Affordable Care Act?

Med Profs is a group of 18 doctors.These doctors work out of their own offices and treat patients on a fee-for-service basis.In addition,Med Profs doctors also agree to treat HMO members at reduced fees.The type of HMO that uses organizations like Med Profs is called a(n)

All of the following are reasons why employers self-insure medical expense plans EXCEPT

Which of the following statements about group insurance underwriting principles is true?

Which of the following statements about HMO managed care plans is (are)true? I.There is an emphasis on controlling costs. II.They provide narrow,limited,medical services to members.

All of the following statements about cost controls in dental insurance plans are true EXCEPT

A deductible under which expenses are accumulated on an annual basis,and once a specified total is reached,the deductible is satisfied for the year is called a

Tracy is covered by a group dental insurance plan at work.At her latest check-up,the dentist notes that she needed crowns on two teeth.Under her plan,if the cost of dental work will exceed $500,the dentist submits the treatment plan to the insurer to calculate what the plan will cover and what the employee will pay.This provision is known as a

Which of the following statements about recent developments in employer-sponsored health plans is true?

The Affordable Care Act requires employers with 100 or more employees to provide health insurance on the employees or pay a penalty if at least one employee receives a tax credit and coverage through the Health Insurance Marketplace.This requirement-providing insurance or paying a fine-is known as the

Which of the following is a characteristic of a health maintenance organization (HMO)?

Which of the following statements about group short-term disability income plans is true?