Question 1

The Medicare co-insurance payment is typically:

Accepted Answer

A) 0 percent. 
B) 50 percent. 
C) 10 percent. 
D) 20 percent. 
E) 75 percent. 
A) 0 percent. 
B) 50 percent. 
C) 10 percent. 
D) 20 percent. 
E) 75 percent.

Question 2

Dependent children ___________ will usually be covered by your health insurance policy. ​

Accepted Answer

A) regardless of age 
B) up to a stated maximum age 
C) up to two in number 
D) regardless of their employment 
A) regardless of age 
B) up to a stated maximum age 
C) up to two in number 
D) regardless of their employment

Question 3

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

Accepted Answer

A) the health care provider and the insurer are separate. 
B) the insurer always pays directly to the health care provider. 
C) the lower the deductible,the lower the premium. 
D) the insured receives comprehensive health care services from a designated group of doctors only. 
E) the health care provider contracts with the insured's employee union to provide health insurance benefits. 
A) the health care provider and the insurer are separate. 
B) the insurer always pays directly to the health care provider. 
C) the lower the deductible,the lower the premium. 
D) the insured receives comprehensive health care services from a designated group of doctors only. 
E) the health care provider contracts with the insured's employee union to provide health insurance benefits.

Question 4

Which of the following is true of the workers' compensation insurance?

Accepted Answer

A) Self-employed people pay lower premium to their employees for workers' compensation insurance as compared to corporate employees. 
B) Workers' compensation insurance includes only rehabilitation expenses. 
C) Employers are required to bear half of the entire cost of workers' compensation insurance. 
D) Workers' compensation insurance compensates workers who are injured on the job or become ill through work-related causes. 
E) Compensation received from the insurance coverage is based on historical usage; employees who file the least claims pay the lowest premiums on the insurance coverage. 
A) Self-employed people pay lower premium to their employees for workers' compensation insurance as compared to corporate employees. 
B) Workers' compensation insurance includes only rehabilitation expenses. 
C) Employers are required to bear half of the entire cost of workers' compensation insurance. 
D) Workers' compensation insurance compensates workers who are injured on the job or become ill through work-related causes. 
E) Compensation received from the insurance coverage is based on historical usage; employees who file the least claims pay the lowest premiums on the insurance coverage.

Question 5

If you are laid off,your group health insurance ___________. ​

Accepted Answer

A) can be continued if the employer chooses to 
B) must be continued if you pay the premiums 
C) must be continued and your ex-employer pays the premiums 
D) is continued and is paid by Social Security 
A) can be continued if the employer chooses to 
B) must be continued if you pay the premiums 
C) must be continued and your ex-employer pays the premiums 
D) is continued and is paid by Social Security

Question 6

Funds for Medicare benefits come from:

Accepted Answer

A) monthly payments by users directly to the health care service organization. 
B) the co-payment for health care services by the insured. 
C) the premiums paid by the employers for the employees. 
D) Social Security taxes paid by covered workers and their employers. 
E) the health care service organization. 
A) monthly payments by users directly to the health care service organization. 
B) the co-payment for health care services by the insured. 
C) the premiums paid by the employers for the employees. 
D) Social Security taxes paid by covered workers and their employers. 
E) the health care service organization.

Question 7

When purchasing a long-term-care policy,___________. ​

Accepted Answer

A) the optional renewability provision is recommended 
B) the guaranteed renewability provision is recommended 
C) the non-renewability provision is recommended 
D) the automatic renewability at reduced premium is recommended 
A) the optional renewability provision is recommended 
B) the guaranteed renewability provision is recommended 
C) the non-renewability provision is recommended 
D) the automatic renewability at reduced premium is recommended

Question 8

Generally,group insurance plans are more reasonably priced than individual policies.

Accepted Answer

A) True 
 B)False

Question 9

Under the adjusted (modified)community rating approach to health insurance premium pricing,all policyholders in an area pay the same premium without regard to their personal health,age,gender,or other factors.

Accepted Answer

A) True 
 B)False

Question 10

A ___________ covers the cost of visits to a doctor's office or for a doctor's hospital visits,including consultation with a specialist. ​

Accepted Answer

A) surgical expense insurance 
B) hospitalization insurance policy 
C) elective surgery insurance 
D) regular medical expense insurance 
A) surgical expense insurance 
B) hospitalization insurance policy 
C) elective surgery insurance 
D) regular medical expense insurance

Question 11

Disability insurance is available only when someone is completely incapable of returning to work during his or her lifetime.

Accepted Answer

A) True 
 B)False

Question 12

A coordination of benefits provision in a health care policy ___________ by collecting benefits in multiple payments for health care. ​

Accepted Answer

A) prohibits collecting more than 100 percent of covered charges 
B) allows the collection of only 75 percent of covered charges 
C) prohibits collecting more than 80 percent of covered charges 
D) allows the collection of only 50 percent of covered charges 
A) prohibits collecting more than 100 percent of covered charges 
B) allows the collection of only 75 percent of covered charges 
C) prohibits collecting more than 80 percent of covered charges 
D) allows the collection of only 50 percent of covered charges

Question 13

___________ is a health care plan that emphasizes cost control and preventive treatment. ​

Accepted Answer

A) An indemnity plan 
B) A fee-for-service plan 
C) A managed care plan 
D) A supplementary medical insurance 
A) An indemnity plan 
B) A fee-for-service plan 
C) A managed care plan 
D) A supplementary medical insurance

Question 14

Large employers are less likely to offer health insurance to their employees than small employers.

Accepted Answer

A) True 
 B)False

Question 15

A ___________ is a hybrid form of health maintenance organization (HMO)that allows members to go outside of the HMO network for care. ​

Accepted Answer

A) point-of-service (POS)plan 
B) Blue Cross/Blue Shield plan 
C) fee-for-service plan 
D) traditional indemnity plan 
A) point-of-service (POS)plan 
B) Blue Cross/Blue Shield plan 
C) fee-for-service plan 
D) traditional indemnity plan

Question 16

When trying to determine your disability income needs,you should consider your available disability benefits from employers,income needs,and:

Accepted Answer

A) Social Security benefits. 
B) wage policy. 
C) non-monetary incentives. 
D) flexible benefits. 
E) income tax bracket. 
A) Social Security benefits. 
B) wage policy. 
C) non-monetary incentives. 
D) flexible benefits. 
E) income tax bracket.

Question 17

The ACA's provisions relating to long-term care include the Community Living Assistance Services and Support Program (CLASS),which will be administered by ___________. ​

Accepted Answer

A) the U.S.Department of Health and Human Services 
B) private insurance providers 
C) the Social Security administration 
D) the government 
A) the U.S.Department of Health and Human Services 
B) private insurance providers 
C) the Social Security administration 
D) the government

Question 18

Which of the following statements is true of medical insurance costs in the U.S.?

Accepted Answer

A) Advances in medical technology have decreased the medical insurance costs. 
B) The average annual premium for the aging U.S.population has increased by about 20% from 1999 to 2015. 
C) A poor demand-and-supply distribution of health care facilities and services has increased the health care costs. 
D) Increased regulation and decreased administrative costs have reduced the medical insurance costs in the U.S. 
E) Due to the financial importance of health insurance,nearly 50 percent of the U.S.population has health insurance. 
A) Advances in medical technology have decreased the medical insurance costs. 
B) The average annual premium for the aging U.S.population has increased by about 20% from 1999 to 2015. 
C) A poor demand-and-supply distribution of health care facilities and services has increased the health care costs. 
D) Increased regulation and decreased administrative costs have reduced the medical insurance costs in the U.S. 
E) Due to the financial importance of health insurance,nearly 50 percent of the U.S.population has health insurance.

Question 19

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

Accepted Answer

A) $1,500 to $2,500 
B) $2,000 to $2,500 
C) $1,000 to $2,500 
D) $1,500 to $2,000 
E) $3,000 to $5,000 
A) $1,500 to $2,500 
B) $2,000 to $2,500 
C) $1,000 to $2,500 
D) $1,500 to $2,000 
E) $3,000 to $5,000

Question 20

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

Accepted Answer

A) all Medicare recipients. 
B) all social security recipients. 
C) all workers' compensation insurance recipients. 
D) Medicaid recipients who pay for SMI on a voluntary basis. 
E) anyone age 65 or over who pays premiums on a voluntary basis. 
A) all Medicare recipients. 
B) all social security recipients. 
C) all workers' compensation insurance recipients. 
D) Medicaid recipients who pay for SMI on a voluntary basis. 
E) anyone age 65 or over who pays premiums on a voluntary basis.

The Medicare co-insurance payment is typically:

Dependent children ___________ will usually be covered by your health insurance policy.

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

Which of the following is true of the workers' compensation insurance?

If you are laid off,your group health insurance ___________.

Funds for Medicare benefits come from:

When purchasing a long-term-care policy,___________.

Generally,group insurance plans are more reasonably priced than individual policies.

Under the adjusted (modified)community rating approach to health insurance premium pricing,all policyholders in an area pay the same premium without regard to their personal health,age,gender,or other factors.

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

Disability insurance is available only when someone is completely incapable of returning to work during his or her lifetime.

A coordination of benefits provision in a health care policy ___________ by collecting benefits in multiple payments for health care.

___________ is a health care plan that emphasizes cost control and preventive treatment.

Large employers are less likely to offer health insurance to their employees than small employers.

A ___________ is a hybrid form of health maintenance organization (HMO)that allows members to go outside of the HMO network for care.

When trying to determine your disability income needs,you should consider your available disability benefits from employers,income needs,and:

The ACA's provisions relating to long-term care include the Community Living Assistance Services and Support Program (CLASS),which will be administered by ___________.

Which of the following statements is true of medical insurance costs in the U.S.?

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

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

Understanding the Financial Planning Process

Using Financial Statements and Budgets

Preparing Your Taxes

Managing Your Cash and Savings

Making Automobile and Housing Decisions

Using Credit

Using Consumer Loans

Insuring Your Life

Protecting Your Property

Investment Planning

Investing in Stocks and Bonds

Investing in Mutual Funds, ETFS and Real Estate

Planning for Retirement

Preserving Your Estate

Filters

Exam 9: Insuring Your Health

The Medicare co-insurance payment is typically:

Dependent children ___________ will usually be covered by your health insurance policy. ​

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

Which of the following is true of the workers' compensation insurance?

If you are laid off,your group health insurance ___________. ​

Funds for Medicare benefits come from:

When purchasing a long-term-care policy,___________. ​

Generally,group insurance plans are more reasonably priced than individual policies.

Under the adjusted (modified)community rating approach to health insurance premium pricing,all policyholders in an area pay the same premium without regard to their personal health,age,gender,or other factors.

A ___________ covers the cost of visits to a doctor's office or for a doctor's hospital visits,including consultation with a specialist. ​

Disability insurance is available only when someone is completely incapable of returning to work during his or her lifetime.

A coordination of benefits provision in a health care policy ___________ by collecting benefits in multiple payments for health care. ​

___________ is a health care plan that emphasizes cost control and preventive treatment. ​

Large employers are less likely to offer health insurance to their employees than small employers.

A ___________ is a hybrid form of health maintenance organization (HMO)that allows members to go outside of the HMO network for care. ​

When trying to determine your disability income needs,you should consider your available disability benefits from employers,income needs,and:

The ACA's provisions relating to long-term care include the Community Living Assistance Services and Support Program (CLASS),which will be administered by ___________. ​

Which of the following statements is true of medical insurance costs in the U.S.?

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

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

Understanding the Financial Planning Process

Using Financial Statements and Budgets

Preparing Your Taxes

Managing Your Cash and Savings

Making Automobile and Housing Decisions

Using Credit

Using Consumer Loans

Insuring Your Life

Protecting Your Property

Investment Planning

Investing in Stocks and Bonds

Investing in Mutual Funds, ETFS and Real Estate

Planning for Retirement

Preserving Your Estate

Filters

Dependent children ___________ will usually be covered by your health insurance policy.

If you are laid off,your group health insurance ___________.

When purchasing a long-term-care policy,___________.

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

A coordination of benefits provision in a health care policy ___________ by collecting benefits in multiple payments for health care.

___________ is a health care plan that emphasizes cost control and preventive treatment.

A ___________ is a hybrid form of health maintenance organization (HMO)that allows members to go outside of the HMO network for care.

The ACA's provisions relating to long-term care include the Community Living Assistance Services and Support Program (CLASS),which will be administered by ___________.