Question 1

The number of Americans without basic health insurance has been decreasing since the 1980s.

Accepted Answer

A) True 
 B)False

Question 2

Which type of health insurance pays for physician's care that does not involve surgery?

Accepted Answer

A)  Surgical expense 
B)  Hospital expense 
C)  Physician's expense 
D)  Long-term care 
E)  Medicare Part B 
A)  Surgical expense 
B)  Hospital expense 
C)  Physician's expense 
D)  Long-term care 
E)  Medicare Part B

Question 3

Jamal Walker developed a serious infection and spent 6 months in his hospital's intensive care unit. What part of his insurance policy would be the most useful for helping to pay for this?

Accepted Answer

A)  Hospital expense 
B)  Surgical expense 
C)  Physician expense 
D)  Major medical 
E)  Medicare Part B 
A)  Hospital expense 
B)  Surgical expense 
C)  Physician expense 
D)  Major medical 
E)  Medicare Part B

Question 4

Which one of the following provisions requires that the policyholder pay a basic amount before the policy benefits begin?

Accepted Answer

A)  Coinsurance 
B)  Stop loss 
C)  Deductible 
D)  Self-insurance 
E)  Incontestable 
A)  Coinsurance 
B)  Stop loss 
C)  Deductible 
D)  Self-insurance 
E)  Incontestable

Question 5

Which one of the following is not a provider of health insurance?

Accepted Answer

A)  Fraternal organizations 
B)  Trade unions 
C)  Government programs such as Medicare 
D)  Health Insurance Industry Association 
E)  Blue Cross and Blue Shield 
A)  Fraternal organizations 
B)  Trade unions 
C)  Government programs such as Medicare 
D)  Health Insurance Industry Association 
E)  Blue Cross and Blue Shield

Question 6

Which of the following is (are) an innovative way(s) concerned groups are containing health care costs?

Accepted Answer

A)  Incentives to encourage preventive care 
B)  Encouragement of prepaid group practices 
C)  Establishment of community education programs 
D)  Encouragement by doctors to pay cash for routine medical costs 
E)  All of these 
A)  Incentives to encourage preventive care 
B)  Encouragement of prepaid group practices 
C)  Establishment of community education programs 
D)  Encouragement by doctors to pay cash for routine medical costs 
E)  All of these

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

Which one of the following is a source of government health insurance?

Accepted Answer

A)  Blue Cross 
B)  Blue Shield 
C)  National Institutes of Health 
D)  HMO 
E)  Medicaid 
A)  Blue Cross 
B)  Blue Shield 
C)  National Institutes of Health 
D)  HMO 
E)  Medicaid

Question 9

Medicare medical insurance helps pay for:

Accepted Answer

A)  inpatient hospital care. 
B)  doctors' services. 
C)  home health care. 
D)  hospice care. 
E)  None of these services 
A)  inpatient hospital care. 
B)  doctors' services. 
C)  home health care. 
D)  hospice care. 
E)  None of these services

Question 10

Affordable health care has become one of the most important issues of our time.

Accepted Answer

A) True 
 B)False

Question 11

The hospital insurance portion of Medicare helps pay for:

Accepted Answer

A)  inpatient hospital care. 
B)  inpatient care in a skilled nursing facility. 
C)  home health care. 
D)  hospice care. 
E)  All of these types of care 
A)  inpatient hospital care. 
B)  inpatient care in a skilled nursing facility. 
C)  home health care. 
D)  hospice care. 
E)  All of these types of care

Question 12

Which type of health insurance is simply a bad buy?

Accepted Answer

A)  Individual health 
B)  Group health 
C)  Dread disease 
D)  Dental 
E)  Vision 
A)  Individual health 
B)  Group health 
C)  Dread disease 
D)  Dental 
E)  Vision

Question 13

A good health insurance plan should:

Accepted Answer

A)  provide at least one year's hospital room and board in full. 
B)  provide at least a $2 million lifetime maximum for each family member. 
C)  pay 100 percent for out-of-hospital expenses. 
D)  offer basic coverage for hospital and doctor bills. 
E)  limit your out-of-pocket expenses to no more than $1,000 per year. 
A)  provide at least one year's hospital room and board in full. 
B)  provide at least a $2 million lifetime maximum for each family member. 
C)  pay 100 percent for out-of-hospital expenses. 
D)  offer basic coverage for hospital and doctor bills. 
E)  limit your out-of-pocket expenses to no more than $1,000 per year.

Question 14

Just about every worker is adequately covered by disability income insurance.

Accepted Answer

A) True 
 B)False

Question 15

Marcia Fuller has an insurance policy that lists that she and her three daughters, ages 6, 10, and 12, are covered under this policy. Which provision in her insurance policy is defined by this list?

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 16

Physician expense insurance coverage excludes visits to the doctor's office, x-rays, and lab tests.

Accepted Answer

A) True 
 B)False

Question 17

Blue Shield plans provide hospital care benefits on essentially a "service type" basis.

Accepted Answer

A) True 
 B)False

Question 18

Sophie Bennett has personally paid a total of $5,000 in medical costs this year. At this point, there is a clause in her insurance contract that requires her insurance company to pay 100% of her medical costs for the remainder of the year. What clause is this likely to be?

Accepted Answer

A)  Coordination of benefits 
B)  Hospital indemnity clause 
C)  Coinsurance 
D)  Stop-loss provision 
E)  Major medical expense provision 
A)  Coordination of benefits 
B)  Hospital indemnity clause 
C)  Coinsurance 
D)  Stop-loss provision 
E)  Major medical expense provision

Question 19

Good disability plans pay when you are:

Accepted Answer

A)  unable to work at your regular job. 
B)  unable to work at any job. 
C)  unable to work at a related job. 
D)  ill even for a short period. 
E)  fired from your regular job. 
A)  unable to work at your regular job. 
B)  unable to work at any job. 
C)  unable to work at a related job. 
D)  ill even for a short period. 
E)  fired from your regular job.

The number of Americans without basic health insurance has been decreasing since the 1980s.

Which type of health insurance pays for physician's care that does not involve surgery?

Jamal Walker developed a serious infection and spent 6 months in his hospital's intensive care unit. What part of his insurance policy would be the most useful for helping to pay for this?

Which one of the following provisions requires that the policyholder pay a basic amount before the policy benefits begin?

Which one of the following is not a provider of health insurance?

Which of the following is (are) an innovative way(s) concerned groups are containing health care costs?

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

Which one of the following is a source of government health insurance?

Medicare medical insurance helps pay for:

Affordable health care has become one of the most important issues of our time.

The hospital insurance portion of Medicare helps pay for:

Which type of health insurance is simply a bad buy?

A good health insurance plan should:

Just about every worker is adequately covered by disability income insurance.

Marcia Fuller has an insurance policy that lists that she and her three daughters, ages 6, 10, and 12, are covered under this policy. Which provision in her insurance policy is defined by this list?

Physician expense insurance coverage excludes visits to the doctor's office, x-rays, and lab tests.

Blue Shield plans provide hospital care benefits on essentially a "service type" basis.

Sophie Bennett has personally paid a total of $5,000 in medical costs this year. At this point, there is a clause in her insurance contract that requires her insurance company to pay 100% of her medical costs for the remainder of the year. What clause is this likely to be?

Good disability plans pay when you are:

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

The number of Americans without basic health insurance has been decreasing since the 1980s.

Which type of health insurance pays for physician's care that does not involve surgery?

Jamal Walker developed a serious infection and spent 6 months in his hospital's intensive care unit. What part of his insurance policy would be the most useful for helping to pay for this?

Which one of the following provisions requires that the policyholder pay a basic amount before the policy benefits begin?

Which one of the following is not a provider of health insurance?

Which of the following is (are) an innovative way(s) concerned groups are containing health care costs?

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

Which one of the following is a source of government health insurance?

Medicare medical insurance helps pay for:

Affordable health care has become one of the most important issues of our time.

The hospital insurance portion of Medicare helps pay for:

Which type of health insurance is simply a bad buy?

A good health insurance plan should:

Just about every worker is adequately covered by disability income insurance.

Marcia Fuller has an insurance policy that lists that she and her three daughters, ages 6, 10, and 12, are covered under this policy. Which provision in her insurance policy is defined by this list?

Physician expense insurance coverage excludes visits to the doctor's office, x-rays, and lab tests.

Blue Shield plans provide hospital care benefits on essentially a "service type" basis.

Sophie Bennett has personally paid a total of $5,000 in medical costs this year. At this point, there is a clause in her insurance contract that requires her insurance company to pay 100% of her medical costs for the remainder of the year. What clause is this likely to be?

Good disability plans pay when you are:

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