Question 1

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.

Question 2

Which one of the following is true regarding group health insurance?

Accepted Answer

A) Provides coverage for you and your immediate family 
B) Covers all of your health insurance needs 
C) Comprises 100% of all health insurance issued by health and life insurance companies 
D) Typically covers all of an individual's medical costs 
E) Always requires proof of insurability 
A) Provides coverage for you and your immediate family 
B) Covers all of your health insurance needs 
C) Comprises 100% of all health insurance issued by health and life insurance companies 
D) Typically covers all of an individual's medical costs 
E) Always requires proof of insurability

Question 3

Each year,Sophie Bennett must pay $500 for doctor's visits before her insurance company will make any payments for doctor's visits.What is this requirement called?

Accepted Answer

A) Coordination of benefits 
B) Deductible 
C) Coinsurance 
D) Stop-loss provision 
E) Waiver of premium 
A) Coordination of benefits 
B) Deductible 
C) Coinsurance 
D) Stop-loss provision 
E) Waiver of premium

Question 4

Why does health care cost so much?

Accepted Answer

The high and rising

Question 5

You should seek a disability policy that pays benefits for life.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is not a key provision of the Patient Protection and Affordable Care Act of 2010?

Accepted Answer

A) Offers tax credits for small businesses to make employee coverage more affordable 
B) Eliminates copayments for preventive services 
C) Encourages insurance companies to drop people from coverage when they get sick 
D) Restricts the use of annual limits to ensure access to needed care in all plans 
E) Increases funds for Community Health Centers 
A) Offers tax credits for small businesses to make employee coverage more affordable 
B) Eliminates copayments for preventive services 
C) Encourages insurance companies to drop people from coverage when they get sick 
D) Restricts the use of annual limits to ensure access to needed care in all plans 
E) Increases funds for Community Health Centers

Question 7

In the U.S.,administrative costs consume nearly _____ percent of health care dollars.

Accepted Answer

A) 1 
B) 5 
C) 10 
D) 11 
E) 15 
A) 1 
B) 5 
C) 10 
D) 11 
E) 15

Question 8

Two sources of government health insurance are Medicare and Medicaid.

Accepted Answer

A) True 
 B)False

Question 9

Health insurance is not available from:

Accepted Answer

A) Private insurance companies. 
B) Blue Cross and Blue Shield. 
C) HMOs. 
D) PPOs. 
E) Home Health Care Agencies. 
A) Private insurance companies. 
B) Blue Cross and Blue Shield. 
C) HMOs. 
D) PPOs. 
E) Home Health Care Agencies.

Question 10

According to The Center for Medicare and Medicaid Services,health insurance includes both medical expense insurance and:
A.disability income insurance.
B.unemployment income insurance.
C.retirement income insurance.
D.life insurance.
E.dental insurance.

Accepted Answer

The answer of According to The Center for Medicare and...

Question 11

Harry Mayhue gets a bad case of the flu and ends up in the hospital for three days.Which part of his basic health insurance coverage should help pay for this stay?

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 12

The United States has the lowest per capita medical expenditures of any industrialized country in the world.

Accepted Answer

A) True 
 B)False

Question 13

Disability income insurance provides regular cash income lost by employees as the result of an accident or illness.

Accepted Answer

A) True 
 B)False

Question 14

The affordability of health care is one of the most important _____ issues of our time?

Accepted Answer

A) social 
B) economic 
C) personal 
D) business 
E) financial 
A) social 
B) economic 
C) personal 
D) business 
E) financial

Question 15

Part A of Medicare pays for all covered services for inpatient hospital care after you pay a single annual deductible.

Accepted Answer

A) True 
 B)False

Question 16

Medigap is sold or serviced by:

Accepted Answer

A) Medicare. 
B) Medicaid. 
C) Private insurance companies. 
D) Health Care Financing Administration. 
E) National Institutes of Health. 
A) Medicare. 
B) Medicaid. 
C) Private insurance companies. 
D) Health Care Financing Administration. 
E) National Institutes of Health.

Question 17

Every year,40% of the adult U.S.population suffers a long-term disability.

Accepted Answer

A) True 
 B)False

Question 18

Generally,disability income policies with shorter waiting periods have lower premiums.

Accepted Answer

A) True 
 B)False

Question 19

Medicare was never intended to pay all medical costs.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following statements is not true?

Accepted Answer

A) Physician expense insurance coverage normally excludes visits to the doctor's office, x-rays, and lab tests. 
B) Basic health insurance coverage includes hospital expense insurance, surgical expense insurance, and physician expense insurance. 
C) A deductible provision requires the policyholder to pay a basic amount before the policy benefits begin. 
D) A good health insurance plan should impose no unreasonable exclusions. 
E) Supplemental hospital indemnity plans are not a substitute for basic or major medical protection. 
A) Physician expense insurance coverage normally excludes visits to the doctor's office, x-rays, and lab tests. 
B) Basic health insurance coverage includes hospital expense insurance, surgical expense insurance, and physician expense insurance. 
C) A deductible provision requires the policyholder to pay a basic amount before the policy benefits begin. 
D) A good health insurance plan should impose no unreasonable exclusions. 
E) Supplemental hospital indemnity plans are not a substitute for basic or major medical protection.

Good disability plans pay when you are:

Which one of the following is true regarding group health insurance?

Each year,Sophie Bennett must pay $500 for doctor's visits before her insurance company will make any payments for doctor's visits.What is this requirement called?

Why does health care cost so much?

You should seek a disability policy that pays benefits for life.

Which of the following is not a key provision of the Patient Protection and Affordable Care Act of 2010?

In the U.S.,administrative costs consume nearly _____ percent of health care dollars.

Two sources of government health insurance are Medicare and Medicaid.

Health insurance is not available from:

According to The Center for Medicare and Medicaid Services,health insurance includes both medical expense insurance and: A.disability income insurance. B.unemployment income insurance. C.retirement income insurance. D.life insurance. E.dental insurance.

Harry Mayhue gets a bad case of the flu and ends up in the hospital for three days.Which part of his basic health insurance coverage should help pay for this stay?

The United States has the lowest per capita medical expenditures of any industrialized country in the world.

Disability income insurance provides regular cash income lost by employees as the result of an accident or illness.

The affordability of health care is one of the most important _____ issues of our time?

Part A of Medicare pays for all covered services for inpatient hospital care after you pay a single annual deductible.

Medigap is sold or serviced by:

Every year,40% of the adult U.S.population suffers a long-term disability.

Generally,disability income policies with shorter waiting periods have lower premiums.

Medicare was never intended to pay all medical costs.

Which of the following statements is not true?

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

Good disability plans pay when you are:

Which one of the following is true regarding group health insurance?

Each year,Sophie Bennett must pay $500 for doctor's visits before her insurance company will make any payments for doctor's visits.What is this requirement called?

Why does health care cost so much?

You should seek a disability policy that pays benefits for life.

Which of the following is not a key provision of the Patient Protection and Affordable Care Act of 2010?

In the U.S.,administrative costs consume nearly _____ percent of health care dollars.

Two sources of government health insurance are Medicare and Medicaid.

Health insurance is not available from:

According to The Center for Medicare and Medicaid Services,health insurance includes both medical expense insurance and: A.disability income insurance. B.unemployment income insurance. C.retirement income insurance. D.life insurance. E.dental insurance.

Harry Mayhue gets a bad case of the flu and ends up in the hospital for three days.Which part of his basic health insurance coverage should help pay for this stay?

The United States has the lowest per capita medical expenditures of any industrialized country in the world.

Disability income insurance provides regular cash income lost by employees as the result of an accident or illness.

The affordability of health care is one of the most important _____ issues of our time?

Part A of Medicare pays for all covered services for inpatient hospital care after you pay a single annual deductible.

Medigap is sold or serviced by:

Every year,40% of the adult U.S.population suffers a long-term disability.

Generally,disability income policies with shorter waiting periods have lower premiums.

Medicare was never intended to pay all medical costs.

Which of the following statements is not true?

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