Question 1

Physician expense insurance helps pay for physician's care that does not involve surgery.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following is not a way that you can reduce your own medical costs?

Accepted Answer

A) Ask your physician and pharmacist if a less expensive generic drug is available. 
B) Save time and do not review billing statements from medical providers. 
C) Practice preventative care and stay well. 
D) Consider participating in a flexible spending account if your employer offers it. 
E) Ask your doctor if you can follow up by phone instead of visiting the office. 
A) Ask your physician and pharmacist if a less expensive generic drug is available. 
B) Save time and do not review billing statements from medical providers. 
C) Practice preventative care and stay well. 
D) Consider participating in a flexible spending account if your employer offers it. 
E) Ask your doctor if you can follow up by phone instead of visiting the office.

Question 3

Which type of insurance is usually bought in combination with hospital expense and surgical expense insurance?

Accepted Answer

A) Disability income 
B) Comprehensive major medical 
C) Umbrella 
D) Hospital indemnity 
E) Physician's expense 
A) Disability income 
B) Comprehensive major medical 
C) Umbrella 
D) Hospital indemnity 
E) Physician's expense

Question 4

Many employers provide disability income protection for their employees through group insurance plans.

Accepted Answer

A) True 
 B)False

Question 5

Medicare covers the cost of care received outside the United States,Canada,and Mexico.

Accepted Answer

A) True 
 B)False

Question 6

Marcia Fuller has an insurance policy that she and her three daughters,ages 5,9,and 11,are entitled to benefits under.Which provision in her insurance policy is defined by this list of covered members?

Accepted Answer

A) Eligibility 
B) Assigned benefits 
C) Benefit limits 
D) Guaranteed renewable 
E) Exclusions and limitations 
A) Eligibility 
B) Assigned benefits 
C) Benefit limits 
D) Guaranteed renewable 
E) Exclusions and limitations

Question 7

Every year,what percent of the adult U.S.population suffers a long-term disability?

Accepted Answer

A) 12 
B) 14 
C) 18 
D) 23 
E) 25 
A) 12 
B) 14 
C) 18 
D) 23 
E) 25

Question 8

Medicare medical insurance is:

Accepted Answer

A) mandatory. 
B) financed by corporations. 
C) voluntary,and you must sign up for coverage. 
D) state supported and partially funded by the National Institutes of Health. 
E) paid for by state governments. 
A) mandatory. 
B) financed by corporations. 
C) voluntary,and you must sign up for coverage. 
D) state supported and partially funded by the National Institutes of Health. 
E) paid for by state governments.

Question 9

Which provision in a health insurance policy explains the circumstances under which the insurance company can end your health insurance policy?

Accepted Answer

A) Coordination of benefits 
B) Assigned benefits 
C) Cancellation and termination 
D) Guaranteed renewable 
E) Exclusions and limitations 
A) Coordination of benefits 
B) Assigned benefits 
C) Cancellation and termination 
D) Guaranteed renewable 
E) Exclusions and limitations

Question 10

The hospital indemnity policy is a good substitute for basic or major medical protection.

Accepted Answer

A) True 
 B)False

Question 11

What are some things that you can do to reduce your personal health care costs?

Accepted Answer

Answers will vary.As health care costs c

Question 12

Besides preventive care,HMOs provide a comprehensive range of other health care services.What are they?

Accepted Answer

These services are divided into two cate

Question 13

Good disability plans pay when you are:

Accepted Answer

A) unable to work at your regular job. 
B) unable to work at any job. 
C) unable to work at a related job. 
D) ill even for a short period. 
E) fired from your regular job. 
A) unable to work at your regular job. 
B) unable to work at any job. 
C) unable to work at a related job. 
D) ill even for a short period. 
E) fired from your regular job.

Question 14

Which of the following requires large employers to provide health insurance coverage to all employees?

Accepted Answer

A) The COBRA of 1986 
B) The HIPAA of 1996 
C) The Centers for Medicaid Services 
D) The Centers for Medicare Services 
E) The Tax Cuts and Jobs Act of 2017 
A) The COBRA of 1986 
B) The HIPAA of 1996 
C) The Centers for Medicaid Services 
D) The Centers for Medicare Services 
E) The Tax Cuts and Jobs Act of 2017

Question 15

A recent study by Americans for Long-Term Care Security found that one out of five Americans over age 30 is at risk of needing some form of long-term care within the next 12 months.

Accepted Answer

A) True 
 B)False

Question 16

Hospital expense insurance pays part or the full amount of hospital bills for room,board,and other charges.

Accepted Answer

A) True 
 B)False

Question 17

Which provision in a health insurance policy states that you will pay a flat dollar amount each time you receive a covered medical service?

Accepted Answer

A) Daily benefit 
B) Benefit period 
C) Policy limit 
D) Elimination period 
E) Copayment 
A) Daily benefit 
B) Benefit period 
C) Policy limit 
D) Elimination period 
E) Copayment

Question 18

If your employer pays the premium for long-term care,then the ________ treats it as a tax-deductible expense for the employer.

Accepted Answer

A) National Association of Insurance Commissioners 
B) U)S.Administration on Aging 
C) Medicare.gov 
D) Longtermcare.gov 
E) Health Insurance Portability and Accountability Act of 1996 
A) National Association of Insurance Commissioners 
B) U)S.Administration on Aging 
C) Medicare.gov 
D) Longtermcare.gov 
E) Health Insurance Portability and Accountability Act of 1996

Question 19

A good health insurance plan should offer basic coverage for hospital and doctor bills.

Accepted Answer

A) True 
 B)False

Question 20

Sophie Bennett has personally paid a total of $6,000 in medical costs this year,which is the out-of-pocket limit listed in her insurance plan.At this point,there is a provision in her insurance contract that requires her insurance company to pay 100% of her medical costs for the remainder of the year.What provision is this likely to be?

Accepted Answer

A) Coordination of benefits 
B) Hospital indemnity clause 
C) Coinsurance 
D) Stop-loss provision 
E) Major medical expense provision 
A) Coordination of benefits 
B) Hospital indemnity clause 
C) Coinsurance 
D) Stop-loss provision 
E) Major medical expense provision

Physician expense insurance helps pay for physician's care that does not involve surgery.

Which of the following is not a way that you can reduce your own medical costs?

Which type of insurance is usually bought in combination with hospital expense and surgical expense insurance?

Many employers provide disability income protection for their employees through group insurance plans.

Medicare covers the cost of care received outside the United States,Canada,and Mexico.

Marcia Fuller has an insurance policy that she and her three daughters,ages 5,9,and 11,are entitled to benefits under.Which provision in her insurance policy is defined by this list of covered members?

Every year,what percent of the adult U.S.population suffers a long-term disability?

Medicare medical insurance is:

Which provision in a health insurance policy explains the circumstances under which the insurance company can end your health insurance policy?

The hospital indemnity policy is a good substitute for basic or major medical protection.

What are some things that you can do to reduce your personal health care costs?

Besides preventive care,HMOs provide a comprehensive range of other health care services.What are they?

Good disability plans pay when you are:

Which of the following requires large employers to provide health insurance coverage to all employees?

A recent study by Americans for Long-Term Care Security found that one out of five Americans over age 30 is at risk of needing some form of long-term care within the next 12 months.

Hospital expense insurance pays part or the full amount of hospital bills for room,board,and other charges.

Which provision in a health insurance policy states that you will pay a flat dollar amount each time you receive a covered medical service?

If your employer pays the premium for long-term care,then the ________ treats it as a tax-deductible expense for the employer.

A good health insurance plan should offer basic coverage for hospital and doctor bills.

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

Physician expense insurance helps pay for physician's care that does not involve surgery.

Which of the following is not a way that you can reduce your own medical costs?

Which type of insurance is usually bought in combination with hospital expense and surgical expense insurance?

Many employers provide disability income protection for their employees through group insurance plans.

Medicare covers the cost of care received outside the United States,Canada,and Mexico.

Marcia Fuller has an insurance policy that she and her three daughters,ages 5,9,and 11,are entitled to benefits under.Which provision in her insurance policy is defined by this list of covered members?

Every year,what percent of the adult U.S.population suffers a long-term disability?

Medicare medical insurance is:

Which provision in a health insurance policy explains the circumstances under which the insurance company can end your health insurance policy?

The hospital indemnity policy is a good substitute for basic or major medical protection.

What are some things that you can do to reduce your personal health care costs?

Besides preventive care,HMOs provide a comprehensive range of other health care services.What are they?

Good disability plans pay when you are:

Which of the following requires large employers to provide health insurance coverage to all employees?

A recent study by Americans for Long-Term Care Security found that one out of five Americans over age 30 is at risk of needing some form of long-term care within the next 12 months.

Hospital expense insurance pays part or the full amount of hospital bills for room,board,and other charges.

Which provision in a health insurance policy states that you will pay a flat dollar amount each time you receive a covered medical service?

If your employer pays the premium for long-term care,then the ________ treats it as a tax-deductible expense for the employer.

A good health insurance plan should offer basic coverage for hospital and doctor bills.

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