Question 1

What are the two best-known sources of government health care insurance?

Accepted Answer

The federal government and state governm

Question 2

Jacob,an assembly line worker at a motorcycle manufacturing plant,has take-home pay of $1,200 a week.He is injured in an accident that kept him off work for 12 weeks.His disability insurance coverage replaces 60 percent of his earnings after a six-week waiting period.What total amount would he receive in disability benefits?

Accepted Answer

$1,200 × 60% = $720 per week.I

Question 3

Medical 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 4

Medicare covers routine checkups,dental care,most immunizations,cosmetic surgery,routine foot care,eyeglasses,and hearing aids.

Accepted Answer

A) True 
 B)False

Question 5

Which one of the following provisions requires that the policyholder pay a basic amount before the policy benefits begin?

Accepted Answer

A) Coinsurance 
B) Stop loss 
C) Deductible 
D) Self-insurance 
E) Incontestable 
A) Coinsurance 
B) Stop loss 
C) Deductible 
D) Self-insurance 
E) Incontestable

Question 6

Generally,disability income policies with longer waiting periods:

Accepted Answer

A) have higher premiums. 
B) have lower premiums. 
C) have about the same premium as those with shorter periods. 
D) are issued by smaller insurance companies. 
E) are issued by larger insurance companies. 
A) have higher premiums. 
B) have lower premiums. 
C) have about the same premium as those with shorter periods. 
D) are issued by smaller insurance companies. 
E) are issued by larger insurance companies.

Question 7

A deductible provision requires the policyholder to pay a basic amount before the policy benefits begin.

Accepted Answer

A) True 
 B)False

Question 8

Part A of Medicare pays for all covered services for inpatient hospital care after you pay a single annual deductible.

Accepted Answer

A) True 
 B)False

Question 9

Affordable health care has become one of the most important social issues of our time.

Accepted Answer

A) True 
 B)False

Question 10

Physician expense insurance coverage excludes visits to the doctor's office,x-rays,and lab tests.

Accepted Answer

A) True 
 B)False

Question 11

What is disability income insurance? What are the major sources of disability income insurance?

Accepted Answer

Answers will vary.Disability income insu

Question 12

Disability:

Accepted Answer

A) is universally unacceptable. 
B) has several definitions. 
C) is determined by the American Council of Life Insurance. 
D) has been formalized by the National Disability Council. 
E) is provided by the Insurance Information Institute. 
A) is universally unacceptable. 
B) has several definitions. 
C) is determined by the American Council of Life Insurance. 
D) has been formalized by the National Disability Council. 
E) is provided by the Insurance Information Institute.

Question 13

Karen Bloomberg was seriously injured in a car accident and is paralyzed from the waist down.Luckily,she has an insurance policy that will pay for someone to come in and help with her daily activities such as bathing,dressing,and household chores.What type of insurance policy is this likely to be?

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 14

People often buy surgical expense insurance in combination with hospital expense insurance and physician expense insurance.

Accepted Answer

A) True 
 B)False

Question 15

Group health insurance will cover you,but not your immediate family.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following plans is a hybrid that combines characteristics of both HMOs and PPOs?

Accepted Answer

A) Medicaid 
B) PPO 
C) POS 
D) HMO 
E) Medicare 
A) Medicaid 
B) PPO 
C) POS 
D) HMO 
E) Medicare

Question 17

It is best for you to get routine care and recommended preventive services from a primary care provider rather than a hospital's emergency department.

Accepted Answer

A) True 
 B)False

Question 18

Chris Jones has an insurance policy that pays benefits to him in cash when he is hospitalized.What type of insurance would this be?

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

As a national average,a year in a nursing home can cost over:

Accepted Answer

A) $32,000. 
B) $49,000. 
C) $63,000. 
D) $97,000. 
E) $100,000. 
A) $32,000. 
B) $49,000. 
C) $63,000. 
D) $97,000. 
E) $100,000.

Question 20

Medicaid is administered by each state within certain broad federal requirements and guidelines.

Accepted Answer

A) True 
 B)False

What are the two best-known sources of government health care insurance?

Medical insurance is which part of Medicare?

Medicare covers routine checkups,dental care,most immunizations,cosmetic surgery,routine foot care,eyeglasses,and hearing aids.

Which one of the following provisions requires that the policyholder pay a basic amount before the policy benefits begin?

Generally,disability income policies with longer waiting periods:

A deductible provision requires the policyholder to pay a basic amount before the policy benefits begin.

Part A of Medicare pays for all covered services for inpatient hospital care after you pay a single annual deductible.

Affordable health care has become one of the most important social issues of our time.

Physician expense insurance coverage excludes visits to the doctor's office,x-rays,and lab tests.

What is disability income insurance? What are the major sources of disability income insurance?

Disability:

Karen Bloomberg was seriously injured in a car accident and is paralyzed from the waist down.Luckily,she has an insurance policy that will pay for someone to come in and help with her daily activities such as bathing,dressing,and household chores.What type of insurance policy is this likely to be?

People often buy surgical expense insurance in combination with hospital expense insurance and physician expense insurance.

Group health insurance will cover you,but not your immediate family.

Which of the following plans is a hybrid that combines characteristics of both HMOs and PPOs?

It is best for you to get routine care and recommended preventive services from a primary care provider rather than a hospital's emergency department.

Chris Jones has an insurance policy that pays benefits to him in cash when he is hospitalized.What type of insurance would this be?

As a national average,a year in a nursing home can cost over:

Medicaid is administered by each state within certain broad federal requirements and guidelines.

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

What are the two best-known sources of government health care insurance?

Medical insurance is which part of Medicare?

Medicare covers routine checkups,dental care,most immunizations,cosmetic surgery,routine foot care,eyeglasses,and hearing aids.

Which one of the following provisions requires that the policyholder pay a basic amount before the policy benefits begin?

Generally,disability income policies with longer waiting periods:

A deductible provision requires the policyholder to pay a basic amount before the policy benefits begin.

Part A of Medicare pays for all covered services for inpatient hospital care after you pay a single annual deductible.

Affordable health care has become one of the most important social issues of our time.

Physician expense insurance coverage excludes visits to the doctor's office,x-rays,and lab tests.

What is disability income insurance? What are the major sources of disability income insurance?

Disability:

Karen Bloomberg was seriously injured in a car accident and is paralyzed from the waist down.Luckily,she has an insurance policy that will pay for someone to come in and help with her daily activities such as bathing,dressing,and household chores.What type of insurance policy is this likely to be?

People often buy surgical expense insurance in combination with hospital expense insurance and physician expense insurance.

Group health insurance will cover you,but not your immediate family.

Which of the following plans is a hybrid that combines characteristics of both HMOs and PPOs?

It is best for you to get routine care and recommended preventive services from a primary care provider rather than a hospital's emergency department.

Chris Jones has an insurance policy that pays benefits to him in cash when he is hospitalized.What type of insurance would this be?

As a national average,a year in a nursing home can cost over:

Medicaid is administered by each state within certain broad federal requirements and guidelines.

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