Exam 9: Insuring Your Health

People under the age of 65 are covered by the Medicare health insurance plan if:

The cost of workers' compensation insurance is usually paid by the employees.

Medicare's supplementary medical insurance (SMI)provides health care protection beyond the basic hospital coverage for:

The insurance designed to help with nursing home, assisted living community, or in-home care due to chronic illness is called:

One of the key goals of the Affordable Health Care Act of 2010 is:

In a traditional indemnity (fee-for-service)plan, the:

The _____ represents the initial amount that's not covered by the policy and thus must be paid by the insured.

Ben (age 40)pays a low ($15)co-payment each time he visits a doctor or hospital. Other than the low per-service deductible, there is very little cost sharing. However, Ben has a relatively low deductible, has no exclusions, and does not have to file insurance claims. Which of the following most likely provides Ben's health coverage?

Long-term care is a term used to describe:

Dependent children _____ will usually be covered by their parents' health insurance policy.

Disability income policies usually have a(n)_____, which is a time delay from the date of the issuance of the policy until benefit privileges are activated.

The maximum coverage under most dental policies is often in the range of _____ per patient.

In the pure community rating approach to health insurance premium pricing, all policyholders in an area pay:

Patrick's monthly take-home pay is $5,000. His net worth is $125,000. He estimated that he would receive Social Security benefits worth $1,000 and company disability benefits $2,000 if he becomes disabled. The additional disability benefit that he needs to arrange for is:

The community rating approach to health insurance premium pricing:

Michael's estimated current monthly take-home pay is $4,500. His total existing monthly benefit is $2,950. Michael's estimated monthly disability benefit is:

The purchasing power of income from a long-term disability policy is protected by:

A(n)_____ covers the cost of visits to a doctor's office or for a doctor's hospital visits, including consultation with a specialist.

If you are laid off, your group health insurance:

_____ is a health care plan in which subscribers\users contract with the provider organization, which uses a designated group of providers meeting specific selection standards to furnish health care services for a monthly fee.