Exam 12: Health and Disability Insurance

An account that allows employees to use pre-tax income to pay for medical expenses is a

In order to remain eligible for protection under HIPAA, a person must maintain continuous enrollment in a health care plan.

Which one of the following benefits is most often available through an employer?

Which of the following is not a disadvantage of an HMO plan versus a PPO plan?

In purchasing disability insurance, you should consider all of the following, except the

Use the following two columns of items to answer the matching questions below: -Medicare A)federal program that provides health care to those over 65 who qualify for Social Security benefits B)a government program providing health care for those with low incomes or in need of public assistance

If you are disabled and have insurance, what types of resources, including those from your present job, do you have to cover the waiting period?

A(n) ________ plan requires that individuals pay health care providers and then put in a claim for reimbursement.

The part of Medicare that provides coverage for prescription drugs is

The managed health care plan with the lowest premiums and also the least choice of health care providers is the ________.

Having money deducted from your paycheck and put in a flexible spending account is one of the ways you can avoid paying taxes on the amount you spend for health care expenses.

If you are no longer covered under your parents' or guardian's health insurance plan, the Affordable Care Act requires you to

Use the following two columns of items to answer the matching questions below: -waiting period A)the time from when you are disabled until you begin to receive disability income benefits B)provides income to policyholders in the event they are no longer able to work

Use the following two columns of items to answer the matching questions below: -Blue Cross A)the nation's largest health care insurer B)covers health care expenses incurred by policyholders to limit their potential liabilities and ensure that they will receive the necessary medical care

Which of the following statements about the Medicare Prescription Drug Improvement and Modernization Act of 2003 is not true?

An arrangement in which the preferred provider organization (PPO) pays the provider a specific sum for each day a patient is hospitalized is called a

Assuming you were in the 24% federal and 5% state income tax brackets last year, and you allocated $200 per month to your flexible spending account, how much did you save if there was $1,000 remaining in the account at the end of the year?

What steps would you take to evaluate and choose health care insurance options?

Medicare is a government health insurance program for those over 65 years of age who can show need for financial assistance.

Additional types of insurance commonly offered through employers include