Exam 9: Insuring Your Health

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. -Medicare Advantage supplemental benefits include [lab tests | wellness programs].

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. -[Medicare | Medicaid] makes health care payments available for anyone over age 65.

Social security provides health care coverage to persons age ____ and those who are ____. A) 55 and over; collecting disability under Social Security B) 60 and over; collecting disability under Social Security C) 65 and over; collecting disability under Social Security D) 60 and over; low income E) 60 and over; low income

Hospital expense coverage is adequate for long-term or catastrophic medical needs of most people.

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. -The average age of the American population is [decreasing | increasing].

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. -After passage of the Affordable Care Act,many HMOs [allow | do not allow] out-of-network coverage.

The medicare coinsurance payment is usually

The medicare coinsurance payment is usually 20%.

In insurance terminology,"participation" and "coinsurance" mean the same thing.

Generally,insurance is more reasonably priced through group plans than as individual policies.

Disability income insurance provides benefits that are designed to

Which of the following best describes a custodial care facility?

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. -The ["own occupation" | "any occupation"] definition of disability is more restrictive.

Typically group health insurance plans provide substantially less comprehensive coverage than the average individually underwritten policy.

An elimination period in disability income insurance is most closely analogous to which of the following cost sharing provisions in health insurance?

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. -An individual receiving health care [could | could not] receive multiple payments from more than one insurance company for this care.

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. -Your health insurance will usually pay [the same | less] for mental health problems compared to physical problems.

Disability income benefits under social security will be paid as long as you cannot perform the duties of the job you were holding when the disability began.

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. -The amount of health insurance reimbursement actually paid may be reduced by [internal limits | co-payment caps].

Payments under workers compensation are more readily available than are social security disability benefits.