Question 1

Physician expense insurance helps pay for physician's care that does not involve surgery.

Accepted Answer

A) True 
 B)False

Question 2

Which health insurance policy pays benefits only when you are hospitalized, but pays these benefits in cash which you can use as you like?

Accepted Answer

A)  Hospital indemnity 
B)  Interim or short-term 
C)  Disability income 
D)  Comprehensive major medical 
E)  Major medical expense 
A)  Hospital indemnity 
B)  Interim or short-term 
C)  Disability income 
D)  Comprehensive major medical 
E)  Major medical expense

Question 3

Hospital insurance (Part A) of Medicare is financed from part of the ____________ tax.

Accepted Answer

A)  state income 
B)  federal excise 
C)  individual income 
D)  corporate income 
E)  Social Security 
A)  state income 
B)  federal excise 
C)  individual income 
D)  corporate income 
E)  Social Security

Question 4

Medicare does not cover the expenses of private-duty nursing care.

Accepted Answer

A) True 
 B)False

Question 5

Why are the costs of health insurance and health care increasing?

Accepted Answer

The costs of health insurance and health

Question 6

Jose Gonzales just turned 65 this year. He should apply for Medicare benefits at a local:

Accepted Answer

A)  office of the National Institutes of Health. 
B)  IRS office. 
C)  Social Security office. 
D)  county medical hospital. 
E)  post office. 
A)  office of the National Institutes of Health. 
B)  IRS office. 
C)  Social Security office. 
D)  county medical hospital. 
E)  post office.

Question 7

Some employers provide disability income protection for their employees through group insurance plans.

Accepted Answer

A) True 
 B)False

Question 8

Benjamin Northcutt has an insurance policy that does not cover cosmetic surgery like the nose job he would like to have. What provision in his insurance policy would specify this?

Accepted Answer

A)  Eligibility 
B)  Assigned benefits 
C)  Benefit limits 
D)  Guaranteed renewable 
E)  Exclusions and limitations 
A)  Eligibility 
B)  Assigned benefits 
C)  Benefit limits 
D)  Guaranteed renewable 
E)  Exclusions and limitations

Question 9

Which of the following is not a way that you can reduce your personal health care cost?

Accepted Answer

A)  Ask your physician and pharmacist if a less expensive generic drug is available. 
B)  Save time and do not review billing statements from medical providers. 
C)  Practice preventative care and stay well. 
D)  Consider participating in a flexible spending account if your employer offers it. 
E)  Ask your physician if you can follow up by phone instead of visiting the office. 
A)  Ask your physician and pharmacist if a less expensive generic drug is available. 
B)  Save time and do not review billing statements from medical providers. 
C)  Practice preventative care and stay well. 
D)  Consider participating in a flexible spending account if your employer offers it. 
E)  Ask your physician if you can follow up by phone instead of visiting the office.

Question 10

Every year, what percent of the adult U.S. population suffers a long-term disability?

Accepted Answer

A)  12 
B)  14 
C)  18 
D)  23 
E)  25 
A)  12 
B)  14 
C)  18 
D)  23 
E)  25

Question 11

Most insurers limit disability benefits from all sources of insurance to no more than ____________ percent of your take-home pay.

Accepted Answer

A)  30-40 
B)  40-50 
C)  50-60 
D)  60-70 
E)  70-80 
A)  30-40 
B)  40-50 
C)  50-60 
D)  60-70 
E)  70-80

Question 12

Disability benefits begin on the first day you are disabled.

Accepted Answer

A) True 
 B)False

Question 13

Raymond Carter has a type of medical insurance that has a very low deductible and pays for hospital, surgical, medical, and other bills under one plan. What type of insurance does he have?

Accepted Answer

A)  Comprehensive major medical 
B)  Hospital indemnity 
C)  Long-term care 
D)  Cancer 
E)  Disability income 
A)  Comprehensive major medical 
B)  Hospital indemnity 
C)  Long-term care 
D)  Cancer 
E)  Disability income

Question 14

Most private insurance companies sell health insurance policies to:

Accepted Answer

A)  individuals. 
B)  families. 
C)  employers. 
D)  employees. 
E)  non-profit organizations. 
A)  individuals. 
B)  families. 
C)  employers. 
D)  employees. 
E)  non-profit organizations.

Question 15

Hospital insurance is which part of Medicare?

Accepted Answer

A)  Part A 
B)  Part B 
C)  Part C 
D)  Part D 
E)  Part E 
A)  Part A 
B)  Part B 
C)  Part C 
D)  Part D 
E)  Part E

Question 16

One reason for the high cost of health care is the use of sophisticated and expensive technologies.

Accepted Answer

A) True 
 B)False

Question 17

Blue Cross plans provide for surgical and medical services performed by physicians.

Accepted Answer

A) True 
 B)False

Question 18

The affordability of which one of these is one of the most important social issues of our time?

Accepted Answer

A)  Health care 
B)  Clothing 
C)  Automobiles 
D)  Vacations 
E)  Day care 
A)  Health care 
B)  Clothing 
C)  Automobiles 
D)  Vacations 
E)  Day care

Question 19

Medical insurance is which part of Medicare?

Accepted Answer

A)  Part A 
B)  Part B 
C)  Part C 
D)  Part D 
E)  Part E 
A)  Part A 
B)  Part B 
C)  Part C 
D)  Part D 
E)  Part E

Question 20

What are some things that you can do to reduce your personal health care costs?

Accepted Answer

The answer of What are some things that you can...

Physician expense insurance helps pay for physician's care that does not involve surgery.

Which health insurance policy pays benefits only when you are hospitalized, but pays these benefits in cash which you can use as you like?

Hospital insurance (Part A) of Medicare is financed from part of the ____________ tax.

Medicare does not cover the expenses of private-duty nursing care.

Why are the costs of health insurance and health care increasing?

Jose Gonzales just turned 65 this year. He should apply for Medicare benefits at a local:

Some employers provide disability income protection for their employees through group insurance plans.

Benjamin Northcutt has an insurance policy that does not cover cosmetic surgery like the nose job he would like to have. What provision in his insurance policy would specify this?

Which of the following is not a way that you can reduce your personal health care cost?

Every year, what percent of the adult U.S. population suffers a long-term disability?

Most insurers limit disability benefits from all sources of insurance to no more than ____________ percent of your take-home pay.

Disability benefits begin on the first day you are disabled.

Raymond Carter has a type of medical insurance that has a very low deductible and pays for hospital, surgical, medical, and other bills under one plan. What type of insurance does he have?

Most private insurance companies sell health insurance policies to:

Hospital insurance is which part of Medicare?

One reason for the high cost of health care is the use of sophisticated and expensive technologies.

Blue Cross plans provide for surgical and medical services performed by physicians.

The affordability of which one of these is one of the most important social issues of our time?

Medical insurance is which part of Medicare?

What are some things that you can do to reduce your personal health care costs?

Personal Finance Basics and the Time Value of Money

Financial Aspects of Career Planning

Money Management Strategy: Financial Statements and Budgeting

Planning Your Tax Strategy

Financial Services: Savings Plans and Payment Accounts

Introduction to Consumer Credit

Choosing a Source of Credit: The Costs of Credit Alternatives

Consumer Purchasing Strategies and Legal Protection

The Housing Decision: Factors and Finances

Property and Motor Vehicle Insurance

Life Insurance

Investing Fundamentals

Investing in Stocks

Investing in Bonds

Investing in Mutual Funds

Investing in Real Estate and Other Investment Alternatives

Starting Early: Retirement Planning

Estate Planning

Filters

Exam 11: Health, Disability, and Long-Term Care Insurance

Physician expense insurance helps pay for physician's care that does not involve surgery.

Which health insurance policy pays benefits only when you are hospitalized, but pays these benefits in cash which you can use as you like?

Hospital insurance (Part A) of Medicare is financed from part of the ____________ tax.

Medicare does not cover the expenses of private-duty nursing care.

Why are the costs of health insurance and health care increasing?

Jose Gonzales just turned 65 this year. He should apply for Medicare benefits at a local:

Some employers provide disability income protection for their employees through group insurance plans.

Benjamin Northcutt has an insurance policy that does not cover cosmetic surgery like the nose job he would like to have. What provision in his insurance policy would specify this?

Which of the following is not a way that you can reduce your personal health care cost?

Every year, what percent of the adult U.S. population suffers a long-term disability?

Most insurers limit disability benefits from all sources of insurance to no more than ____________ percent of your take-home pay.

Disability benefits begin on the first day you are disabled.

Raymond Carter has a type of medical insurance that has a very low deductible and pays for hospital, surgical, medical, and other bills under one plan. What type of insurance does he have?

Most private insurance companies sell health insurance policies to:

Hospital insurance is which part of Medicare?

One reason for the high cost of health care is the use of sophisticated and expensive technologies.

Blue Cross plans provide for surgical and medical services performed by physicians.

The affordability of which one of these is one of the most important social issues of our time?

Medical insurance is which part of Medicare?

What are some things that you can do to reduce your personal health care costs?

Personal Finance Basics and the Time Value of Money

Financial Aspects of Career Planning

Money Management Strategy: Financial Statements and Budgeting

Planning Your Tax Strategy

Financial Services: Savings Plans and Payment Accounts

Introduction to Consumer Credit

Choosing a Source of Credit: The Costs of Credit Alternatives

Consumer Purchasing Strategies and Legal Protection

The Housing Decision: Factors and Finances

Property and Motor Vehicle Insurance

Life Insurance

Investing Fundamentals

Investing in Stocks

Investing in Bonds

Investing in Mutual Funds

Investing in Real Estate and Other Investment Alternatives

Starting Early: Retirement Planning

Estate Planning

Filters