Question 1

Medicare covers the cost of care in what countries besides the United States?

Accepted Answer

A) Japan 
B) India 
C) Germany 
D) Mexico and Canada 
E) Mexico,Canada,and Germany 
A) Japan 
B) India 
C) Germany 
D) Mexico and Canada 
E) Mexico,Canada,and Germany D

Question 2

Once a person is eligible,Medicaid provides more benefits than does Medicare.

Accepted Answer

A) True 
 B)False  True

Question 3

According to your textbook,the average benefit paid under a hospital indemnity policy:

Accepted Answer

A) is almost always excellent buys. 
B) should be purchased at an early age. 
C) does not justify the premium cost. 
D) should be purchased only by older people. 
E) is meant for couples with two or three children. 
A) is almost always excellent buys. 
B) should be purchased at an early age. 
C) does not justify the premium cost. 
D) should be purchased only by older people. 
E) is meant for couples with two or three children. C

Question 4

What should you do if your health insurer denies medical treatment or coverage?

Accepted Answer

A) Write a formal complaint letter. 
B) Review your policy and explanation of benefits. 
C) Contact your insurer and keep detailed records of your contacts. 
D) Request documentation from your doctor to support your case. 
E) All of these 
A) Write a formal complaint letter. 
B) Review your policy and explanation of benefits. 
C) Contact your insurer and keep detailed records of your contacts. 
D) Request documentation from your doctor to support your case. 
E) All of these

Question 5

Up to how many days of care in a skilled nursing facility are covered by Medicare?

Accepted Answer

A) 30 
B) 60 
C) 85 
D) 100 
E) 120 
A) 30 
B) 60 
C) 85 
D) 100 
E) 120

Question 6

Julie Cumbie was playing softball and got hurt sliding into second base.She gets an x-ray at her doctor's office to make sure her ankle isn't broken.Which part of her basic health insurance coverage should help pay for this x-ray?

Accepted Answer

A) Hospital expense 
B) Surgical expense 
C) Physician expense 
D) Major medical expense 
E) Medicare Part B 
A) Hospital expense 
B) Surgical expense 
C) Physician expense 
D) Major medical expense 
E) Medicare Part B

Question 7

Which type of health insurance is notoriously a poor value?

Accepted Answer

A) Individual health 
B) Group health 
C) Dread disease 
D) Dental 
E) Vision 
A) Individual health 
B) Group health 
C) Dread disease 
D) Dental 
E) Vision

Question 8

In the case of divorce,federal law provides that coverage under a former spouse's medical plan can be continued for ________ months if the former spouse works for a company with 20 or more employees.

Accepted Answer

A) 12 
B) 36 
C) 48 
D) 60 
E) indefinitely 
A) 12 
B) 36 
C) 48 
D) 60 
E) indefinitely

Question 9

Which one of the following is a source of government health insurance?

Accepted Answer

A) Blue Cross 
B) Blue Shield 
C) Medicare 
D) HMO 
E) PPO 
A) Blue Cross 
B) Blue Shield 
C) Medicare 
D) HMO 
E) PPO

Question 10

Which of the following statements is not true?

Accepted Answer

A) Physician expense insurance coverage normally excludes visits to the doctor's office,x-rays,and lab tests. 
B) Basic health insurance coverage includes hospital expense insurance,surgical expense insurance,and physician expense insurance. 
C) A deductible provision requires the policyholder to pay a basic amount before the policy benefits begin. 
D) A good health insurance plan should impose no unreasonable exclusions. 
E) A hospital indemnity policy is not a substitute for basic or major medical protection. 
A) Physician expense insurance coverage normally excludes visits to the doctor's office,x-rays,and lab tests. 
B) Basic health insurance coverage includes hospital expense insurance,surgical expense insurance,and physician expense insurance. 
C) A deductible provision requires the policyholder to pay a basic amount before the policy benefits begin. 
D) A good health insurance plan should impose no unreasonable exclusions. 
E) A hospital indemnity policy is not a substitute for basic or major medical protection.

Question 11

________ is a type of major medical insurance that has a very low deductible amount and is offered without a separate basic plan.

Accepted Answer

A) Comprehensive major medical insurance 
B) Major Medical expense insurance 
C) Physician's expense insurance 
D) Hospital expense insurance 
E) Surgical expense insurance 
A) Comprehensive major medical insurance 
B) Major Medical expense insurance 
C) Physician's expense insurance 
D) Hospital expense insurance 
E) Surgical expense insurance

Question 12

Medicaid differs from Medicare because eligibility for Medicaid depends on having very low income and assets.

Accepted Answer

A) True 
 B)False

Question 13

What are some possible reasons for high and rising costs of health care?

Accepted Answer

A) The use of sophisticated and expensive technologies 
B) Rapid average earnings growth for health care professionals 
C) Duplication of tests 
D) The increasing number and longevity of elderly people 
E) All of these 
A) The use of sophisticated and expensive technologies 
B) Rapid average earnings growth for health care professionals 
C) Duplication of tests 
D) The increasing number and longevity of elderly people 
E) All of these

Question 14

Health club membership is a form of protection to alleviate the financial burdens individuals suffer from illness or injury.

Accepted Answer

A) True 
 B)False

Question 15

You should seek a disability income policy that pays benefits for life.

Accepted Answer

A) True 
 B)False

Question 16

Hospital insurance is which part of Medicare?

Accepted Answer

A) Part A 
B) Part B 
C) Part C 
D) Part D 
E) Part E 
A) Part A 
B) Part B 
C) Part C 
D) Part D 
E) Part E

Question 17

Joan Wilder receives a phone call from a salesperson who tries to sell her an insurance policy by scaring her about her high risk of death from this disease.She knows that this type of insurance policy is notoriously a poor value,so she politely declines.What type of insurance policy did this salesperson likely try to sell her?

Accepted Answer

A) Comprehensive major medical 
B) Hospital indemnity 
C) Long-term care 
D) Cancer 
E) Disability income 
A) Comprehensive major medical 
B) Hospital indemnity 
C) Long-term care 
D) Cancer 
E) Disability income

Question 18

Raymond Carter has a type of all-inclusive health insurance that has a very low deductible and pays for hospital,surgical,medical,and other bills under one plan.What type of insurance does he have?

Accepted Answer

A) Comprehensive major medical 
B) Hospital indemnity 
C) Long-term care 
D) Cancer 
E) Disability income 
A) Comprehensive major medical 
B) Hospital indemnity 
C) Long-term care 
D) Cancer 
E) Disability income

Question 19

The prescription to stay healthy includes getting sufficient rest,relaxation,and exercise.

Accepted Answer

A) True 
 B)False

Question 20

In most employer-sponsored disability income insurance plans:

Accepted Answer

A) your employer pays part or all of the cost. 
B) you pay all the cost. 
C) your union pays all the cost. 
D) the Social Security Administration pays most of the premium. 
E) the Veterans Administration foots the bill. 
A) your employer pays part or all of the cost. 
B) you pay all the cost. 
C) your union pays all the cost. 
D) the Social Security Administration pays most of the premium. 
E) the Veterans Administration foots the bill.

Medicare covers the cost of care in what countries besides the United States?

Once a person is eligible,Medicaid provides more benefits than does Medicare.

According to your textbook,the average benefit paid under a hospital indemnity policy:

What should you do if your health insurer denies medical treatment or coverage?

Up to how many days of care in a skilled nursing facility are covered by Medicare?

Julie Cumbie was playing softball and got hurt sliding into second base.She gets an x-ray at her doctor's office to make sure her ankle isn't broken.Which part of her basic health insurance coverage should help pay for this x-ray?

Which type of health insurance is notoriously a poor value?

In the case of divorce,federal law provides that coverage under a former spouse's medical plan can be continued for ________ months if the former spouse works for a company with 20 or more employees.

Which one of the following is a source of government health insurance?

Which of the following statements is not true?

________ is a type of major medical insurance that has a very low deductible amount and is offered without a separate basic plan.

Medicaid differs from Medicare because eligibility for Medicaid depends on having very low income and assets.

What are some possible reasons for high and rising costs of health care?

Health club membership is a form of protection to alleviate the financial burdens individuals suffer from illness or injury.

You should seek a disability income policy that pays benefits for life.

Hospital insurance is which part of Medicare?

Raymond Carter has a type of all-inclusive health insurance that has a very low deductible and pays for hospital,surgical,medical,and other bills under one plan.What type of insurance does he have?

The prescription to stay healthy includes getting sufficient rest,relaxation,and exercise.

In most employer-sponsored disability income insurance plans:

Personal Finance Basics and the Time Value of Money

Financial Aspects of Career Planning

Money Management Strategy: Financial Statements and Budgeting

Planning Your Tax Strategy

Financial Services: Savings Plans and Payment Accounts

Introduction to Consumer Credit

Choosing a Source of Credit: the Costs of Credit Alternatives

Consumer Purchasing Strategies and Legal Protection

The Housing Decision: Factors and Finances

Property and Motor Vehicle Insurance

Life Insurance

Investing Fundamentals

Investing in Stocks

Investing in Bonds

Investing in Mutual Funds

Investing in Real Estate and Other Investment Alternatives

Starting Early: Retirement Planning

Estate Planning

Filters

Exam 11: Health,disability,and Long-Term Care Insurance

Medicare covers the cost of care in what countries besides the United States?

Once a person is eligible,Medicaid provides more benefits than does Medicare.

According to your textbook,the average benefit paid under a hospital indemnity policy:

What should you do if your health insurer denies medical treatment or coverage?

Up to how many days of care in a skilled nursing facility are covered by Medicare?

Julie Cumbie was playing softball and got hurt sliding into second base.She gets an x-ray at her doctor's office to make sure her ankle isn't broken.Which part of her basic health insurance coverage should help pay for this x-ray?

Which type of health insurance is notoriously a poor value?

In the case of divorce,federal law provides that coverage under a former spouse's medical plan can be continued for ________ months if the former spouse works for a company with 20 or more employees.

Which one of the following is a source of government health insurance?

Which of the following statements is not true?

________ is a type of major medical insurance that has a very low deductible amount and is offered without a separate basic plan.

Medicaid differs from Medicare because eligibility for Medicaid depends on having very low income and assets.

What are some possible reasons for high and rising costs of health care?

Health club membership is a form of protection to alleviate the financial burdens individuals suffer from illness or injury.

You should seek a disability income policy that pays benefits for life.

Hospital insurance is which part of Medicare?

Raymond Carter has a type of all-inclusive health insurance that has a very low deductible and pays for hospital,surgical,medical,and other bills under one plan.What type of insurance does he have?

The prescription to stay healthy includes getting sufficient rest,relaxation,and exercise.

In most employer-sponsored disability income insurance plans:

Personal Finance Basics and the Time Value of Money

Financial Aspects of Career Planning

Money Management Strategy: Financial Statements and Budgeting

Planning Your Tax Strategy

Financial Services: Savings Plans and Payment Accounts

Introduction to Consumer Credit

Choosing a Source of Credit: the Costs of Credit Alternatives

Consumer Purchasing Strategies and Legal Protection

The Housing Decision: Factors and Finances

Property and Motor Vehicle Insurance

Life Insurance

Investing Fundamentals

Investing in Stocks

Investing in Bonds

Investing in Mutual Funds

Investing in Real Estate and Other Investment Alternatives

Starting Early: Retirement Planning

Estate Planning

Filters