Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

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

Accepted Answer

A) True 
 B)False

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

If you are 35 years old now,your chances of experiencing a three-month or longer disability before you reach age 65 are _____percent,according to the National Association of Insurance Commissioners.

Accepted Answer

A) 25% 
B) 30% 
C) 40% 
D) 50% 
E) 75% 
A) 25% 
B) 30% 
C) 40% 
D) 50% 
E) 75%

Question 5

Medicaid is administered by each state within certain broad federal requirements and guidelines.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following groups has undertaken innovative activities to contain the costs of health care?

Accepted Answer

A) Employers 
B) Labor unions 
C) Health insurers 
D) Consumers 
E) All of these 
A) Employers 
B) Labor unions 
C) Health insurers 
D) Consumers 
E) All of these

Question 7

Identify the sources of health care insurance.

Accepted Answer

Health insurance is available from more

Question 8

Karen Blumenthall was seriously injured in a car accident and is paralyzed from the waist down.Luckily,she has an insurance policy that will pay for someone to come in and help with her daily activities such as bathing,dressing,and household chores.What type of insurance policy is this likely to be?

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 9

Which provision in a health insurance policy explains the circumstances under which the insurance company can end your health insurance policy?

Accepted Answer

A) Coordination of benefits 
B) Assigned benefits 
C) Cancellation and termination 
D) Guaranteed renewable 
E) Exclusions and limitations 
A) Coordination of benefits 
B) Assigned benefits 
C) Cancellation and termination 
D) Guaranteed renewable 
E) Exclusions and limitations

Question 10

The hospital indemnity policy is a good substitute for basic or major medical protection.

Accepted Answer

A) True 
 B)False

Question 11

Disability benefits begin on the first day you are disabled.

Accepted Answer

A) True 
 B)False

Question 12

Which provision in a health insurance policy prevents you from collecting benefits from two or more group policies that would in total exceed the actual charges?

Accepted Answer

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

Question 13

Unfortunately,most salaried workers in the United States do not participate in Social Security programs.

Accepted Answer

A) True 
 B)False

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

Which type of health insurance plan may not cover all of your health insurance needs and may deny benefits if you lose your job?

Accepted Answer

A) Group health insurance 
B) Life insurance 
C) Medicare 
D) Medicaid 
E) Disability income insurance 
A) Group health insurance 
B) Life insurance 
C) Medicare 
D) Medicaid 
E) Disability income insurance

Question 17

A recent study by Americans for Long-Term Care Security found that one out of five Americans over age 30 is at risk of needing some form of long-term care within the next 12 months.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following statements is not correct about Medicaid?

Accepted Answer

A) The Social Security Act created Medicaid in 1965. 
B) Medicaid is a program of medical assistance to certain low-income individuals and families. 
C) Medicaid is administered by each state within certain federal guidelines. 
D) Medicaid is financed by both state and federal funds. 
E) To qualify for federal matching funds, state programs must exclude inpatient hospital services. 
A) The Social Security Act created Medicaid in 1965. 
B) Medicaid is a program of medical assistance to certain low-income individuals and families. 
C) Medicaid is administered by each state within certain federal guidelines. 
D) Medicaid is financed by both state and federal funds. 
E) To qualify for federal matching funds, state programs must exclude inpatient hospital services.

Question 19

If your employer pays the premium for long-term care,then the _________ treats it as a tax-deductible expense for the employer.

Accepted Answer

A) National Association of Insurance Commissioners 
B) U.S.Administration on Aging 
C) Medicare.gov 
D) Longtermcare.gov 
E) Health Insurance Portability and Accounting Act of 1996 
A) National Association of Insurance Commissioners 
B) U.S.Administration on Aging 
C) Medicare.gov 
D) Longtermcare.gov 
E) Health Insurance Portability and Accounting Act of 1996

Question 20

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.

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

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

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

If you are 35 years old now,your chances of experiencing a three-month or longer disability before you reach age 65 are _____percent,according to the National Association of Insurance Commissioners.

Medicaid is administered by each state within certain broad federal requirements and guidelines.

Which of the following groups has undertaken innovative activities to contain the costs of health care?

Identify the sources of health care insurance.

Karen Blumenthall was seriously injured in a car accident and is paralyzed from the waist down.Luckily,she has an insurance policy that will pay for someone to come in and help with her daily activities such as bathing,dressing,and household chores.What type of insurance policy is this likely to be?

Which provision in a health insurance policy explains the circumstances under which the insurance company can end your health insurance policy?

The hospital indemnity policy is a good substitute for basic or major medical protection.

Disability benefits begin on the first day you are disabled.

Which provision in a health insurance policy prevents you from collecting benefits from two or more group policies that would in total exceed the actual charges?

Unfortunately,most salaried workers in the United States do not participate in Social Security programs.

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

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

Which type of health insurance plan may not cover all of your health insurance needs and may deny benefits if you lose your job?

A recent study by Americans for Long-Term Care Security found that one out of five Americans over age 30 is at risk of needing some form of long-term care within the next 12 months.

Which of the following statements is not correct about Medicaid?

If your employer pays the premium for long-term care,then the _________ treats it as a tax-deductible expense for the employer.

Most private insurance companies sell health insurance policies to:

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 Stock

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

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

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

If you are 35 years old now,your chances of experiencing a three-month or longer disability before you reach age 65 are _____percent,according to the National Association of Insurance Commissioners.

Medicaid is administered by each state within certain broad federal requirements and guidelines.

Which of the following groups has undertaken innovative activities to contain the costs of health care?

Identify the sources of health care insurance.

Which provision in a health insurance policy explains the circumstances under which the insurance company can end your health insurance policy?

The hospital indemnity policy is a good substitute for basic or major medical protection.

Disability benefits begin on the first day you are disabled.

Which provision in a health insurance policy prevents you from collecting benefits from two or more group policies that would in total exceed the actual charges?

Unfortunately,most salaried workers in the United States do not participate in Social Security programs.

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

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

Which type of health insurance plan may not cover all of your health insurance needs and may deny benefits if you lose your job?

A recent study by Americans for Long-Term Care Security found that one out of five Americans over age 30 is at risk of needing some form of long-term care within the next 12 months.

Which of the following statements is not correct about Medicaid?

If your employer pays the premium for long-term care,then the _________ treats it as a tax-deductible expense for the employer.

Most private insurance companies sell health insurance policies to:

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 Stock

Investing in Bonds

Investing in Mutual Funds

Investing in Real Estate and Other Investment Alternatives

Starting Early: Retirement Planning

Estate Planning

Filters