Question 1

Blue Cross / Blue Shield plans are really hybrid HMOs that allow members to go outside of network.

Accepted Answer

A) True 
 B)False

Question 2

The major emphasis of dental insurance is to cover only extractions and x-rays.

Accepted Answer

A) True 
 B)False

Question 3

Medicare is a government-sponsored health care plan composed of Part A and Part B.Part A covers

Accepted Answer

A)  hospital expenses. 
B)  doctor's bills. 
C)  custodial nursing home expenses. 
D)  prescription drugs. 
E)  all of the above. 
A)  hospital expenses. 
B)  doctor's bills. 
C)  custodial nursing home expenses. 
D)  prescription drugs. 
E)  all of the above.

Question 4

One drawback of long-term care insurance is its

Accepted Answer

A)  high annual premiums. 
B)  overlap with Medicare. 
C)  inability to cover custodial care. 
D)  relatively high deductible. 
E)  relatively high coinsurance requirement. 
A)  high annual premiums. 
B)  overlap with Medicare. 
C)  inability to cover custodial care. 
D)  relatively high deductible. 
E)  relatively high coinsurance requirement.

Question 5

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.
-One complaint about HMOs in the past,as compared to traditional indemnity plans,is that [the cost was expensive | the care was not available for major illnesses | members couldn't always choose their physicians].

Accepted Answer

The answer of Choose the word or phrase in [...

Question 6

The definition of "disability" is standardized in disability income policies.

Accepted Answer

A) True 
 B)False

Question 7

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.
-And about [one in five | one in seven] people between the ages of 35 and 65 will become disabled for five years or more.

Accepted Answer

The answer of Choose the word or phrase in [...

Question 8

Medicare Advantage supplemental benefits include all of the following except

Accepted Answer

A)  Vision 
B)  Dental 
C)  General checkups 
D)  Hospitalization 
E)  Wellness programs 
A)  Vision 
B)  Dental 
C)  General checkups 
D)  Hospitalization 
E)  Wellness programs

Question 9

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.
-When there is a co-insurance or participation clause in a health insurance policy,the amount the insurance will pay is computed [before | after] the deductible is paid.

Accepted Answer

The answer of Choose the word or phrase in [...

Question 10

Supplementary Medical Insurance is a voluntary participatory program,commonly known as Medicare Part B.

Accepted Answer

A) True 
 B)False

Question 11

Surgical expenses now generally are reimbursed on the basis of

Accepted Answer

A)  actual surgical expense. 
B)  listed benefit schedules. 
C)  specific percentage of actual surgical expense. 
D)  average national cost of the surgery. 
E)  usual, reasonable and customary expenses. 
A)  actual surgical expense. 
B)  listed benefit schedules. 
C)  specific percentage of actual surgical expense. 
D)  average national cost of the surgery. 
E)  usual, reasonable and customary expenses.

Question 12

The majority of employers pay

Accepted Answer

A)  the entire health care insurance premium for workers. 
B)  the entire health care insurance premium for dependents. 
C)  the entire health care premium for workers and dependents. 
D)  part of the premium for workers and dependents. 
E)  none of the premium for workers and dependents. 
A)  the entire health care insurance premium for workers. 
B)  the entire health care insurance premium for dependents. 
C)  the entire health care premium for workers and dependents. 
D)  part of the premium for workers and dependents. 
E)  none of the premium for workers and dependents.

Question 13

Activities of daily living (ADLs)are important in determining ____ for long-term care insurance.

Accepted Answer

A)  type of care 
B)  services covered 
C)  waiting period 
D)  eligibility 
E)  benefit duration 
A)  type of care 
B)  services covered 
C)  waiting period 
D)  eligibility 
E)  benefit duration

Question 14

You would have a better chance to choose your own doctor with a PPO rather than an HMO.

Accepted Answer

A) True 
 B)False

Question 15

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 longer the elimination or waiting period in your disability income policy,the [higher | lower] the premiums.

Accepted Answer

The answer of Choose the word or phrase in [...

Question 16

Medicare Advantage policies require payment from the policyholder in the form of a

Accepted Answer

A)  Deductible 
B)  Co-insurance 
C)  Copayment 
D)  Excess charge 
E)  a and b 
A)  Deductible 
B)  Co-insurance 
C)  Copayment 
D)  Excess charge 
E)  a and b

Question 17

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.
-If an employee could afford additional health insurance coverage in addition to group coverage,most should purchase [dental | disability income] insurance.

Accepted Answer

The answer of Choose the word or phrase in [...

Question 18

A group HMO employs a group of doctors to provide healthcare services to members in a central facility.

Accepted Answer

A) True 
 B)False

Question 19

Internal limits are constraints placed on insurance agents stipulating the level of risk for which they can write a policy.

Accepted Answer

A) True 
 B)False

Question 20

Eating healthy and exercising is an acceptable substitute for comprehensive health care coverage.

Accepted Answer

A) True 
 B)False

Blue Cross / Blue Shield plans are really hybrid HMOs that allow members to go outside of network.

The major emphasis of dental insurance is to cover only extractions and x-rays.

Medicare is a government-sponsored health care plan composed of Part A and Part B.Part A covers

One drawback of long-term care insurance is its

The definition of "disability" is standardized in disability income policies.

Medicare Advantage supplemental benefits include all of the following except

Supplementary Medical Insurance is a voluntary participatory program,commonly known as Medicare Part B.

Surgical expenses now generally are reimbursed on the basis of

The majority of employers pay

Activities of daily living (ADLs)are important in determining ____ for long-term care insurance.

You would have a better chance to choose your own doctor with a PPO rather than an HMO.

Medicare Advantage policies require payment from the policyholder in the form of a

A group HMO employs a group of doctors to provide healthcare services to members in a central facility.

Internal limits are constraints placed on insurance agents stipulating the level of risk for which they can write a policy.

Eating healthy and exercising is an acceptable substitute for comprehensive health care coverage.

Understanding the Financial Planning Process

Using Financial Statements and Budgets

Preparing Your Taxes

Managing Your Cash and Savings

Making Automobile and Housing Decisions

Using Credit

Using Consumer Loans

Insuring Your Life

Protecting Your Property

Investment Planning

Investing in Stocks and Bonds

Investing in Mutual Funds

Planning for Retirement

Preserving Your Estate

Filters

Exam 9: Insuring Your Health

Blue Cross / Blue Shield plans are really hybrid HMOs that allow members to go outside of network.

The major emphasis of dental insurance is to cover only extractions and x-rays.

Medicare is a government-sponsored health care plan composed of Part A and Part B.Part A covers

One drawback of long-term care insurance is its

The definition of "disability" is standardized in disability income policies.

Medicare Advantage supplemental benefits include all of the following except

Supplementary Medical Insurance is a voluntary participatory program,commonly known as Medicare Part B.

Surgical expenses now generally are reimbursed on the basis of

The majority of employers pay

Activities of daily living (ADLs)are important in determining ____ for long-term care insurance.

You would have a better chance to choose your own doctor with a PPO rather than an HMO.

Medicare Advantage policies require payment from the policyholder in the form of a

A group HMO employs a group of doctors to provide healthcare services to members in a central facility.

Internal limits are constraints placed on insurance agents stipulating the level of risk for which they can write a policy.

Eating healthy and exercising is an acceptable substitute for comprehensive health care coverage.

Understanding the Financial Planning Process

Using Financial Statements and Budgets

Preparing Your Taxes

Managing Your Cash and Savings

Making Automobile and Housing Decisions

Using Credit

Using Consumer Loans

Insuring Your Life

Protecting Your Property

Investment Planning

Investing in Stocks and Bonds

Investing in Mutual Funds

Planning for Retirement

Preserving Your Estate

Filters