Question 1

Generally,disability income policies with longer waiting periods:

Accepted Answer

A) have higher premiums. 
B) have lower premiums. 
C) have about the same premium as those with shorter periods. 
D) are issued by smaller insurance companies. 
E) are issued by larger insurance companies. 
A) have higher premiums. 
B) have lower premiums. 
C) have about the same premium as those with shorter periods. 
D) are issued by smaller insurance companies. 
E) are issued by larger insurance companies.

Question 2

Julie Cumbie was playing softball and got hurt sliding into second base.She gets an x-ray at her doctor's office to make sure her ankle isn't broken.Which part of her basic health insurance coverage should help pay for this x-ray?

Accepted Answer

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

Question 3

Which of the following is not a way that you can reduce your personal health care costs?

Accepted Answer

A) Ask your physician and pharmacist if a less expensive generic drug is available. 
B) Save time and do not review billing statements from medical providers. 
C) Practice preventative care and stay well. 
D) Consider participating in a flexible spending account if your employer offers it. 
E) Ask your doctor if you can follow up by phone instead of visiting the office. 
A) Ask your physician and pharmacist if a less expensive generic drug is available. 
B) Save time and do not review billing statements from medical providers. 
C) Practice preventative care and stay well. 
D) Consider participating in a flexible spending account if your employer offers it. 
E) Ask your doctor if you can follow up by phone instead of visiting the office.

Question 4

What does health insurance include,and what is its importance in personal financial planning?

Accepted Answer

Health insurance includes both medical e

Question 5

To get Medicare medical insurance,you must sign up for it and pay a monthly premium.

Accepted Answer

A) True 
 B)False

Question 6

Up to how many days of care in a skilled nursing facility 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 7

A good health insurance plan should:

Accepted Answer

A) pay at least 90 percent for out-of-hospital expenses after the yearly deductible. 
B) provide at least 100 days' hospital room and board in full. 
C) provide at least a $1 million lifetime maximum for each family member. 
D) impose unreasonable exclusions. 
E) limit out-of-pocket expenses to no more than $10,000 a year. 
A) pay at least 90 percent for out-of-hospital expenses after the yearly deductible. 
B) provide at least 100 days' hospital room and board in full. 
C) provide at least a $1 million lifetime maximum for each family member. 
D) impose unreasonable exclusions. 
E) limit out-of-pocket expenses to no more than $10,000 a year.

Question 8

Which type of insurance is usually bought in combination with hospital and surgical insurance?

Accepted Answer

A) Disability income 
B) Comprehensive major medical 
C) Umbrella 
D) Hospital indemnity 
E) Physician's expense 
A) Disability income 
B) Comprehensive major medical 
C) Umbrella 
D) Hospital indemnity 
E) Physician's expense

Question 9

Which type of health insurance covers diagnosing and treating glaucoma,eyeglasses,and eye surgery?

Accepted Answer

A) Surgical expense 
B) Vision care 
C) Physician's expense 
D) Medicare Part B 
E) Major medical 
A) Surgical expense 
B) Vision care 
C) Physician's expense 
D) Medicare Part B 
E) Major medical

Question 10

Which health insurance plan directly employs or contracts with selected medical care specialists to provide managed health care services in exchange for a fixed,prepaid monthly premium?

Accepted Answer

A) Blue Cross 
B) Blue Shield 
C) Medicare 
D) Medicaid 
E) HMO 
A) Blue Cross 
B) Blue Shield 
C) Medicare 
D) Medicaid 
E) HMO

Question 11

John Gleason is permanently disabled while on the job.Which of the following is the most likely source of disability income for John?

Accepted Answer

A) His employer 
B) Social Security 
C) Worker's compensation 
D) An individual insurance policy 
E) His health insurance policy 
A) His employer 
B) Social Security 
C) Worker's compensation 
D) An individual insurance policy 
E) His health insurance policy

Question 12

Darren Chase has an insurance policy that will only pay for a maximum of 60 days of hospitalization during a year.Which provision in his insurance policy would specify this?

Accepted Answer

A) Eligibility 
B) Assigned benefits 
C) Benefit limits 
D) Guaranteed renewable 
E) Exclusions 
A) Eligibility 
B) Assigned benefits 
C) Benefit limits 
D) Guaranteed renewable 
E) Exclusions

Question 13

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 14

A stop-loss provision requires the policyholder to pay up to a certain amount,after which the insurance company pays 100 percent of all remaining covered expenses.

Accepted Answer

A) True 
 B)False

Question 15

Medicaid is financed by both state and federal funds.

Accepted Answer

A) True 
 B)False

Question 16

What are some things that you can do to reduce your personal health care costs?

Accepted Answer

The best way to avoid the high cost of i

Question 17

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

Question 18

Physician expense insurance helps pay for physician's care that does not involve surgery.

Accepted Answer

A) True 
 B)False

Question 19

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 20

Which of the following is not listed in your book as offering group health insurance plans?

Accepted Answer

A) Large government employers 
B) Health and fitness clubs 
C) Labor unions 
D) Professional associations 
E) Large private employers 
A) Large government employers 
B) Health and fitness clubs 
C) Labor unions 
D) Professional associations 
E) Large private employers

Generally,disability income policies with longer waiting periods:

Julie Cumbie was playing softball and got hurt sliding into second base.She gets an x-ray at her doctor's office to make sure her ankle isn't broken.Which part of her basic health insurance coverage should help pay for this x-ray?

Which of the following is not a way that you can reduce your personal health care costs?

What does health insurance include,and what is its importance in personal financial planning?

To get Medicare medical insurance,you must sign up for it and pay a monthly premium.

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

A good health insurance plan should:

Which type of insurance is usually bought in combination with hospital and surgical insurance?

Which type of health insurance covers diagnosing and treating glaucoma,eyeglasses,and eye surgery?

Which health insurance plan directly employs or contracts with selected medical care specialists to provide managed health care services in exchange for a fixed,prepaid monthly premium?

John Gleason is permanently disabled while on the job.Which of the following is the most likely source of disability income for John?

Darren Chase has an insurance policy that will only pay for a maximum of 60 days of hospitalization during a year.Which provision in his insurance policy would specify this?

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

A stop-loss provision requires the policyholder to pay up to a certain amount,after which the insurance company pays 100 percent of all remaining covered expenses.

Medicaid is financed by both state and federal funds.

What are some things that you can do to reduce your personal health care costs?

Dental expense insurance provides reimbursement for:

Physician expense insurance helps pay for physician's care that does not involve surgery.

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

Which of the following is not listed in your book as offering group health insurance plans?

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

Generally,disability income policies with longer waiting periods:

Julie Cumbie was playing softball and got hurt sliding into second base.She gets an x-ray at her doctor's office to make sure her ankle isn't broken.Which part of her basic health insurance coverage should help pay for this x-ray?

Which of the following is not a way that you can reduce your personal health care costs?

What does health insurance include,and what is its importance in personal financial planning?

To get Medicare medical insurance,you must sign up for it and pay a monthly premium.

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

A good health insurance plan should:

Which type of insurance is usually bought in combination with hospital and surgical insurance?

Which type of health insurance covers diagnosing and treating glaucoma,eyeglasses,and eye surgery?

Which health insurance plan directly employs or contracts with selected medical care specialists to provide managed health care services in exchange for a fixed,prepaid monthly premium?

John Gleason is permanently disabled while on the job.Which of the following is the most likely source of disability income for John?

Darren Chase has an insurance policy that will only pay for a maximum of 60 days of hospitalization during a year.Which provision in his insurance policy would specify this?

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

A stop-loss provision requires the policyholder to pay up to a certain amount,after which the insurance company pays 100 percent of all remaining covered expenses.

Medicaid is financed by both state and federal funds.

What are some things that you can do to reduce your personal health care costs?

Dental expense insurance provides reimbursement for:

Physician expense insurance helps pay for physician's care that does not involve surgery.

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

Which of the following is not listed in your book as offering group health insurance plans?

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