Question 1

Medicare was never intended to pay all medical costs.

Accepted Answer

A) True 
 B)False

Question 2

What are the primary sources of government health care insurance?

Accepted Answer

The federal government and sta

Question 3

Very few members of the Medicaid population are also covered by Medicare.

Accepted Answer

A) True 
 B)False

Question 4

Why are a growing number of students without health insurance?

Accepted Answer

A)  Insurance companies refuse to insure them. 
B)  Students are young and healthy. 
C)  Students don't need health insurance. 
D)  Students don't care if they get sick. 
E)  Older students are not covered by family policies. 
A)  Insurance companies refuse to insure them. 
B)  Students are young and healthy. 
C)  Students don't need health insurance. 
D)  Students don't care if they get sick. 
E)  Older students are not covered by family policies.

Question 5

As a national average, a year in a nursing home costs:

Accepted Answer

A)  $32,000. 
B)  $49,000. 
C)  $63,000. 
D)  $88,000. 
E)  $96,000. 
A)  $32,000. 
B)  $49,000. 
C)  $63,000. 
D)  $88,000. 
E)  $96,000.

Question 6

Which of the following statements is true?

Accepted Answer

A)  Physician expense insurance coverage normally includes visits to the doctor's office, x-rays, and lab tests. 
B)  Basic health insurance coverage includes hospital expense insurance, surgical expense insurance, and physician expense insurance. 
C)  A deductible provision requires the policyholder to pay a basic amount before the policy benefits begin. 
D)  A good health insurance plan should impose no unreasonable exclusions. 
E)  All of these statements are true. 
A)  Physician expense insurance coverage normally includes visits to the doctor's office, x-rays, and lab tests. 
B)  Basic health insurance coverage includes hospital expense insurance, surgical expense insurance, and physician expense insurance. 
C)  A deductible provision requires the policyholder to pay a basic amount before the policy benefits begin. 
D)  A good health insurance plan should impose no unreasonable exclusions. 
E)  All of these statements are true.

Question 7

More people have ______ insurance than any other kind of health insurance.

Accepted Answer

A)  hospital expense 
B)  surgical expense 
C)  physician expense 
D)  major medical expense 
E)  dental expense 
A)  hospital expense 
B)  surgical expense 
C)  physician expense 
D)  major medical expense 
E)  dental expense

Question 8

What is covered by Medicare Parts A and B?

Accepted Answer

A)  Intermediate and custodial nursing care 
B)  Out-of-hospital prescription drugs 
C)  Private-duty nursing 
D)  Routine checkups 
E)  Hospice care 
A)  Intermediate and custodial nursing care 
B)  Out-of-hospital prescription drugs 
C)  Private-duty nursing 
D)  Routine checkups 
E)  Hospice care

Question 9

What can you do to responsibly reduce your health care costs?

Accepted Answer

A)  Get some exercise. 
B)  Gain a little extra weight. 
C)  Smoke and drink. 
D)  Live dangerously. 
E)  Don't seek medical care. 
A)  Get some exercise. 
B)  Gain a little extra weight. 
C)  Smoke and drink. 
D)  Live dangerously. 
E)  Don't seek medical care.

Question 10

Surgical expense insurance pays part or all of the surgeon's fees for an operation.

Accepted Answer

A) True 
 B)False

Question 11

Up to how many days of skilled nursing care are covered by Medicare?

Accepted Answer

A)  30 
B)  60 
C)  85 
D)  100 
E)  120 
A)  30 
B)  60 
C)  85 
D)  100 
E)  120

Question 12

Medicare originally had two parts: hospital insurance (Part A) and medical insurance (Part B).

Accepted Answer

A) True 
 B)False

Question 13

Group health insurance plans comprise about 90 percent of all health insurance issued by health and life insurance companies.

Accepted Answer

A) True 
 B)False

Question 14

A good health insurance plan should impose no unreasonable exclusions.

Accepted Answer

A) True 
 B)False

Question 15

What are some possible reasons for high and rising costs of health care?

Accepted Answer

A)  The use of sophisticated and high-priced equipment 
B)  Medical personnel who command high earnings 
C)  Innovative but costly treatment for some illnesses 
D)  The increasing number and longevity of elderly people 
E)  All of these 
A)  The use of sophisticated and high-priced equipment 
B)  Medical personnel who command high earnings 
C)  Innovative but costly treatment for some illnesses 
D)  The increasing number and longevity of elderly people 
E)  All of these

Question 16

Part A of Medicare pays for all covered services for inpatient hospital care after you pay a single annual deductible.

Accepted Answer

A) True 
 B)False

Question 17

Which country has the highest per capita medical expenditures of any industrialized country in the world?

Accepted Answer

A)  Australia 
B)  Britain 
C)  Canada 
D)  Denmark 
E)  U.S.A. 
A)  Australia 
B)  Britain 
C)  Canada 
D)  Denmark 
E)  U.S.A.

Question 18

To get Medicare medical insurance (Part B) you must sign up for it and pay a monthly premium.

Accepted Answer

A) True 
 B)False

Question 19

To stay healthy, you must get sufficient rest, relaxation, and exercise.

Accepted Answer

A) True 
 B)False

Question 20

Dental expense insurance provides reimbursement for:

Accepted Answer

A)  oral examinations. 
B)  fillings. 
C)  extractions. 
D)  inlays. 
E)  All of these 
A)  oral examinations. 
B)  fillings. 
C)  extractions. 
D)  inlays. 
E)  All of these

Medicare was never intended to pay all medical costs.

What are the primary sources of government health care insurance?

Very few members of the Medicaid population are also covered by Medicare.

Why are a growing number of students without health insurance?

As a national average, a year in a nursing home costs:

Which of the following statements is true?

More people have ______ insurance than any other kind of health insurance.

What is covered by Medicare Parts A and B?

What can you do to responsibly reduce your health care costs?

Surgical expense insurance pays part or all of the surgeon's fees for an operation.

Up to how many days of skilled nursing care are covered by Medicare?

Medicare originally had two parts: hospital insurance (Part A) and medical insurance (Part B).

Group health insurance plans comprise about 90 percent of all health insurance issued by health and life insurance companies.

A good health insurance plan should impose no unreasonable exclusions.

What are some possible reasons for high and rising costs of health care?

Part A of Medicare pays for all covered services for inpatient hospital care after you pay a single annual deductible.

Which country has the highest per capita medical expenditures of any industrialized country in the world?

To get Medicare medical insurance (Part B) you must sign up for it and pay a monthly premium.

To stay healthy, you must get sufficient rest, relaxation, and exercise.

Dental expense insurance provides reimbursement for:

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

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

Medicare was never intended to pay all medical costs.

What are the primary sources of government health care insurance?

Very few members of the Medicaid population are also covered by Medicare.

Why are a growing number of students without health insurance?

As a national average, a year in a nursing home costs:

Which of the following statements is true?

More people have ______ insurance than any other kind of health insurance.

What is covered by Medicare Parts A and B?

What can you do to responsibly reduce your health care costs?

Surgical expense insurance pays part or all of the surgeon's fees for an operation.

Up to how many days of skilled nursing care are covered by Medicare?

Medicare originally had two parts: hospital insurance (Part A) and medical insurance (Part B).

Group health insurance plans comprise about 90 percent of all health insurance issued by health and life insurance companies.

A good health insurance plan should impose no unreasonable exclusions.

What are some possible reasons for high and rising costs of health care?

Part A of Medicare pays for all covered services for inpatient hospital care after you pay a single annual deductible.

Which country has the highest per capita medical expenditures of any industrialized country in the world?

To get Medicare medical insurance (Part B) you must sign up for it and pay a monthly premium.

To stay healthy, you must get sufficient rest, relaxation, and exercise.

Dental expense insurance provides reimbursement for:

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