Question 1

Which one of the following is not a provider of health insurance?

Accepted Answer

A) Fraternal organizations 
B) Trade unions 
C) Government programs such as Medicare 
D) Health Insurance Industry Association 
E) Blue Cross and Blue Shield 
A) Fraternal organizations 
B) Trade unions 
C) Government programs such as Medicare 
D) Health Insurance Industry Association 
E) Blue Cross and Blue Shield

Question 2

A stop-loss provision requires the policyholder to pay up to a certain amount,after which the insurance company pays 100 percent of all remaining covered expenses.

Accepted Answer

A) True 
 B)False

Question 3

Most salaried workers in the United States do not participate in the Social Security program.

Accepted Answer

A) True 
 B)False

Question 4

The hospital insurance portion of Medicare helps pay for:

Accepted Answer

A) inpatient hospital care. 
B) inpatient care in a skilled nursing facility. 
C) home health care. 
D) hospice care. 
E) All of these 
A) inpatient hospital care. 
B) inpatient care in a skilled nursing facility. 
C) home health care. 
D) hospice care. 
E) All of these

Question 5

The United States has the lowest per capita medical expenditures of any industrialized country in the world.

Accepted Answer

A) True 
 B)False

Question 6

Nathan Drummond has three different insurance policies.He has been injured in an accident and has incurred $30,000 in medical bills.There is a provision in all of his insurance contracts that ensures the total benefits he receives from all sources is limited to 100% of allowable medical expenses.What is this provision called?

Accepted Answer

A) Coordination of benefits 
B) Deductible 
C) Coinsurance 
D) Stop-loss provision 
E) Waiver of premium 
A) Coordination of benefits 
B) Deductible 
C) Coinsurance 
D) Stop-loss provision 
E) Waiver of premium

Question 7

One reason for the high and rising costs of health care is the use of sophisticated and expensive technologies.

Accepted Answer

A) True 
 B)False

Question 8

What does health insurance include,and what is its importance in personal financial planning?

Accepted Answer

Health insurance includes both medical e

Question 9

Dental expense insurance provides reimbursement for:

Accepted Answer

A) oral examinations. 
B) fillings. 
C) extractions. 
D) inlays. 
E) All of these 
A) oral examinations. 
B) fillings. 
C) extractions. 
D) inlays. 
E) All of these

Question 10

Which medical expense is covered by Medicare?

Accepted Answer

A) Acupuncture 
B) Immunizations 
C) Private-duty nursing 
D) Routine checkups 
E) Hospice care 
A) Acupuncture 
B) Immunizations 
C) Private-duty nursing 
D) Routine checkups 
E) Hospice care

Question 11

Medicare originally had two parts: hospital insurance and medical insurance.

Accepted Answer

A) True 
 B)False

Question 12

Disability benefits begin on the first day you become disabled.

Accepted Answer

A) True 
 B)False

Question 13

Medigap is sold or serviced by:

Accepted Answer

A) Medicare. 
B) Medicaid. 
C) private insurance companies. 
D) the federal government. 
E) State governments. 
A) Medicare. 
B) Medicaid. 
C) private insurance companies. 
D) the federal government. 
E) State governments.

Question 14

Surgical expense insurance pays part or the full amount of the surgeon's fees for an operation.

Accepted Answer

A) True 
 B)False

Question 15

Which type of health insurance includes two features (a deductible provision and a coinsurance provision)to help keep the premium within the policyholder's means?

Accepted Answer

A) Disability income 
B) Major medical expense 
C) Hospital indemnity 
D) Physician's expense 
E) Surgical expense 
A) Disability income 
B) Major medical expense 
C) Hospital indemnity 
D) Physician's expense 
E) Surgical expense

Question 16

Very few members of the Medicaid population are also covered by Medicare.

Accepted Answer

A) True 
 B)False

Question 17

Preferred provider organizations combine the best elements of the fee-for-service and HMO systems.

Accepted Answer

A) True 
 B)False

Question 18

By 2026,annual health care spending is expected to grow to almost ________ percent of GDP.

Accepted Answer

A) 1 
B) 10 
C) 11 
D) 15 
E) 20 
A) 1 
B) 10 
C) 11 
D) 15 
E) 20

Question 19

Which of the following is an innovative way concerned groups are containing health care costs?

Accepted Answer

A) Incentives to encourage preventive care 
B) Encouragement of prepaid group practices 
C) Establishment of community health education programs 
D) Encouragement by doctors for patients to pay cash for routine medical care 
E) All of these 
A) Incentives to encourage preventive care 
B) Encouragement of prepaid group practices 
C) Establishment of community health education programs 
D) Encouragement by doctors for patients to pay cash for routine medical care 
E) All of these

Question 20

Disability income insurance provides regular cash income lost by employees as the result of an accident or illness.

Accepted Answer

A) True 
 B)False

Which one of the following is not a provider of health insurance?

A stop-loss provision requires the policyholder to pay up to a certain amount,after which the insurance company pays 100 percent of all remaining covered expenses.

Most salaried workers in the United States do not participate in the Social Security program.

The hospital insurance portion of Medicare helps pay for:

The United States has the lowest per capita medical expenditures of any industrialized country in the world.

One reason for the high and rising costs of health care is the use of sophisticated and expensive technologies.

What does health insurance include,and what is its importance in personal financial planning?

Dental expense insurance provides reimbursement for:

Which medical expense is covered by Medicare?

Medicare originally had two parts: hospital insurance and medical insurance.

Disability benefits begin on the first day you become disabled.

Medigap is sold or serviced by:

Surgical expense insurance pays part or the full amount of the surgeon's fees for an operation.

Which type of health insurance includes two features (a deductible provision and a coinsurance provision)to help keep the premium within the policyholder's means?

Very few members of the Medicaid population are also covered by Medicare.

Preferred provider organizations combine the best elements of the fee-for-service and HMO systems.

By 2026,annual health care spending is expected to grow to almost ________ percent of GDP.

Which of the following is an innovative way concerned groups are containing health care costs?

Disability income insurance provides regular cash income lost by employees as the result of an accident or illness.

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

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

Which one of the following is not a provider of health insurance?

A stop-loss provision requires the policyholder to pay up to a certain amount,after which the insurance company pays 100 percent of all remaining covered expenses.

Most salaried workers in the United States do not participate in the Social Security program.

The hospital insurance portion of Medicare helps pay for:

The United States has the lowest per capita medical expenditures of any industrialized country in the world.

One reason for the high and rising costs of health care is the use of sophisticated and expensive technologies.

What does health insurance include,and what is its importance in personal financial planning?

Dental expense insurance provides reimbursement for:

Which medical expense is covered by Medicare?

Medicare originally had two parts: hospital insurance and medical insurance.

Disability benefits begin on the first day you become disabled.

Medigap is sold or serviced by:

Surgical expense insurance pays part or the full amount of the surgeon's fees for an operation.

Which type of health insurance includes two features (a deductible provision and a coinsurance provision)to help keep the premium within the policyholder's means?

Very few members of the Medicaid population are also covered by Medicare.

Preferred provider organizations combine the best elements of the fee-for-service and HMO systems.

By 2026,annual health care spending is expected to grow to almost ________ percent of GDP.

Which of the following is an innovative way concerned groups are containing health care costs?

Disability income insurance provides regular cash income lost by employees as the result of an accident or illness.

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