Question 1

An insured individual's right to continue a health insurance policy if he or she chooses is known as:

Accepted Answer

A) policy exclusion. 
B) co-insurance. 
C) co-payment. 
D) benefits duration 
E) renewability. 
A) policy exclusion. 
B) co-insurance. 
C) co-payment. 
D) benefits duration 
E) renewability.

Question 2

Some employers providing health insurance as an employee benefit offer only one plan and pay _____.

Accepted Answer

A) the entire health care cost for employees 
B) the entire health care cost for dependents of employees 
C) the entire health care premium only for dependents of employees 
D) either all or part of the health care insurance premiums 
E) the entire cost of the additional insurance benefit desired by employees 
A) the entire health care cost for employees 
B) the entire health care cost for dependents of employees 
C) the entire health care premium only for dependents of employees 
D) either all or part of the health care insurance premiums 
E) the entire cost of the additional insurance benefit desired by employees

Question 3

Advances in medical technology,drug prescriptions,and treatments have substantially reduced the cost of health care in recent decades.

Accepted Answer

A) True 
 B)False

Question 4

Medicare is a government-sponsored health care plan composed of Part A and Part B.Part A provides ___________. ​

Accepted Answer

A) prescription drug coverage 
B) services of physicians and surgeons 
C) inpatient hospital services 
D) home health services 
A) prescription drug coverage 
B) services of physicians and surgeons 
C) inpatient hospital services 
D) home health services

Question 5

An elimination period is the number of days that must pass before disability policies pay the benefits.

Accepted Answer

A) True 
 B)False

Question 6

An individual receiving health care:

Accepted Answer

A) is allowed to receive a one-time payment only from his/her insurance company for this care. 
B) is allowed to receive multiple payments from only two insurance companies for this care. 
C) is allowed to receive multiple payments from more than one insurance company for this care. 
D) is allowed to receive either compensation from the employer or a one-time payment from only one insurance company for this care. 
E) is allowed to receive payments from his/her employer only twice in his/her lifetime. 
A) is allowed to receive a one-time payment only from his/her insurance company for this care. 
B) is allowed to receive multiple payments from only two insurance companies for this care. 
C) is allowed to receive multiple payments from more than one insurance company for this care. 
D) is allowed to receive either compensation from the employer or a one-time payment from only one insurance company for this care. 
E) is allowed to receive payments from his/her employer only twice in his/her lifetime.

Question 7

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

Accepted Answer

A) Medicare. 
B) major medical plan. 
C) comprehensive major medical plan. 
D) nursing home care. 
E) long-term care. 
A) Medicare. 
B) major medical plan. 
C) comprehensive major medical plan. 
D) nursing home care. 
E) long-term care.

Question 8

A preferred provider organization has characteristics of both an individual practice association (IPA)and an indemnity plan.

Accepted Answer

A) True 
 B)False

Question 9

Millions of Americans are not covered by health insurance.

Accepted Answer

A) True 
 B)False

An insured individual's right to continue a health insurance policy if he or she chooses is known as:

Some employers providing health insurance as an employee benefit offer only one plan and pay _____.

Advances in medical technology,drug prescriptions,and treatments have substantially reduced the cost of health care in recent decades.

Medicare is a government-sponsored health care plan composed of Part A and Part B.Part A provides ___________.

An elimination period is the number of days that must pass before disability policies pay the benefits.

An individual receiving health care:

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

A preferred provider organization has characteristics of both an individual practice association (IPA)and an indemnity plan.

Millions of Americans are not covered by health insurance.

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

An insured individual's right to continue a health insurance policy if he or she chooses is known as:

Some employers providing health insurance as an employee benefit offer only one plan and pay _____.

Advances in medical technology,drug prescriptions,and treatments have substantially reduced the cost of health care in recent decades.

Medicare is a government-sponsored health care plan composed of Part A and Part B.Part A provides ___________. ​

An elimination period is the number of days that must pass before disability policies pay the benefits.

An individual receiving health care:

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

A preferred provider organization has characteristics of both an individual practice association (IPA)and an indemnity plan.

Millions of Americans are not covered by health insurance.

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

Medicare is a government-sponsored health care plan composed of Part A and Part B.Part A provides ___________.