Exam 12: Health and Disability Insurance

One of the newest types of health care insurance is ________ insurance, which provides coverage to those in a nursing home, assisted living facility, or at home.

Which of the following statements is not true of disability insurance?

Which of the following is not true regarding employer disability insurance?

Use the following two columns of items to answer the matching questions below: -disability insurance 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

Unfortunately, you have had several medical procedures in the current year with the following bills, $2,000, $9,200, $18,000, $5,000, and $3,500. Your deductible is $2,400, after which your co-pay is 10%. Your policy also includes a $6,000 out-of-pocket maximum clause. How much of the total bills are you responsible to pay?

Which of the following is true regarding Medicare?

Disability income is

Use the following two columns of items to answer the matching questions below: -PPO A)a health care plan where individuals pay the provider and then seek reimbursement for expenses B)a managed plan that allows a greater choice of health care providers C)a prepaid health care plan using a limited number of health care providers

The cost of health care has risen dramatically in recent years due to which of the following?

Medicare basic coverage (Part A) covers

Indemnity health care plans have

Part D of Medicare represents a combination of Part A and Part B provided through private insurance companies.

Which of the following is not a difference between health insurance and other types of insurance like home and auto?

Use the following two columns of items to answer the matching questions below: -indemnity plan A)a health care plan where individuals pay the provider and then seek reimbursement for expenses B)a managed plan that allows a greater choice of health care providers C)a prepaid health care plan using a limited number of health care providers

What would be the out-of-pocket cost to an individual whose health care policy includes a 20% co-pay for all long-term illnesses? The policy has a stop-loss provision of $40,000. A current long-term illness has resulted in total expenses of $250,000.

Use the following two columns of items to answer the matching questions below: -HMO A)a health care plan where individuals pay the provider and then seek reimbursement for expenses B)a managed plan that allows a greater choice of health care providers C)a prepaid health care plan using a limited number of health care providers

Regarding Medicaid, which of the following is true?

Use the following two columns of items to answer the matching questions below: -Medicaid 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

Because of COBRA, you can continue to remain covered by your employer's health insurance plan for no more than one year after you stop working for your employer.

Which of the following is not true regarding government regulations to allow individuals who change jobs to maintain health insurance coverage?