Question 1

People often buy surgical expense insurance in combination with hospital expense insurance.

Accepted Answer

A) True 
 B)False

Question 2

Medicare medical insurance is:

Accepted Answer

A) mandatory. 
B) financed by corporations. 
C) voluntary, and you must sign up for coverage. 
D) state supported and partially funded by the National Institutes of Health. 
E) paid for by state governments. 
A) mandatory. 
B) financed by corporations. 
C) voluntary, and you must sign up for coverage. 
D) state supported and partially funded by the National Institutes of Health. 
E) paid for by state governments.

Question 3

Medicare supplement insurance is a government-sponsored program.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following requires large employers to provide health insurance coverage to all employees?

Accepted Answer

A) The COBRA of 1986 
B) The HIPAA of 1996 
C) The Centers for Medicaid Services 
D) The Centers for Medicare Services 
E) The Affordable Care Act of 2010 
A) The COBRA of 1986 
B) The HIPAA of 1996 
C) The Centers for Medicaid Services 
D) The Centers for Medicare Services 
E) The Affordable Care Act of 2010

Question 5

The Affordable Health Act of 2010 requires new health plans to allow young people to remain on their parents' insurance policy until what age?

Accepted Answer

A) 23 
B) 24 
C) 25 
D) 26 
E) 27 
A) 23 
B) 24 
C) 25 
D) 26 
E) 27

Question 6

Sophie Bennett has personally paid a total of $5,000 in medical costs this year,which is the out-of-pocket limit listed in her insurance plan.At this point,there is a provision in her insurance contract that requires her insurance company to pay 100% of her medical costs for the remainder of the year.What provision is this likely to be?

Accepted Answer

A) Coordination of benefits 
B) Hospital indemnity clause 
C) Coinsurance 
D) Stop-loss provision 
E) Major medical expense provision 
A) Coordination of benefits 
B) Hospital indemnity clause 
C) Coinsurance 
D) Stop-loss provision 
E) Major medical expense provision

Question 7

To qualify for disability income under Social Security,you must be totally disabled for _____ months or more,and you must be unable to do any work.

Accepted Answer

A) 1 
B) 3 
C) 6 
D) 9 
E) 12 
A) 1 
B) 3 
C) 6 
D) 9 
E) 12

Question 8

Medical insurance is which part of Medicare?

Accepted Answer

A) Part A 
B) Part B 
C) Part C 
D) Part D 
E) Part E 
A) Part A 
B) Part B 
C) Part C 
D) Part D 
E) Part E

Question 9

Every year,what percent of the adult U.S.population suffers a long-term disability?

Accepted Answer

A) 12 
B) 14 
C) 18 
D) 23 
E) 25 
A) 12 
B) 14 
C) 18 
D) 23 
E) 25

Question 10

Physician expense insurance coverage excludes visits to the doctor's office,x-rays,and lab tests.

Accepted Answer

A) True 
 B)False

Question 11

Which one of the following would be your best selection if you could only choose one of the following types of insurance?

Accepted Answer

A) A basic plan combined with a major medical plan 
B) Combined dental and vision plan 
C) Dread disease and cancer plan 
D) Long-term care 
E) Accident 
A) A basic plan combined with a major medical plan 
B) Combined dental and vision plan 
C) Dread disease and cancer plan 
D) Long-term care 
E) Accident

Question 12

What is disability income insurance? What are the major sources of disability income insurance?

Accepted Answer

Disability income insurance benefits pro

Question 13

Hospital insurance and medical insurance are characteristics of:

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 14

By 2024,annual health care spending is expected to grow to almost _____percent of GDP.

Accepted Answer

A) 1% 
B) 10% 
C) 11% 
D) 15% 
E) 20% 
A) 1% 
B) 10% 
C) 11% 
D) 15% 
E) 20%

Question 15

Besides preventive care,HMOs provide a comprehensive range of other health care services.What are they?

Accepted Answer

These serv

Question 16

Group health insurance plans comprise about _____ percent of all the health insurance issued by health and life insurance companies.

Accepted Answer

A) 60 
B) 70 
C) 80 
D) 90 
E) 100 
A) 60 
B) 70 
C) 80 
D) 90 
E) 100

Question 17

Describe the five basic types of health insurance?

Accepted Answer

Several types of health insurance covera

Question 18

The premium for noncancelable and guaranteed renewable coverage is higher,but the coverages are well worth the extra cost.

Accepted Answer

A) True 
 B)False

Question 19

Jamal Walker developed a serious infection and spent 6 months in his hospital's intensive care unit.What part of his health insurance policy would be the most useful for helping to pay for this?

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 20

The prescription to stay healthy includes getting sufficient rest,relaxation,and exercise.

Accepted Answer

A) True 
 B)False

People often buy surgical expense insurance in combination with hospital expense insurance.

Medicare medical insurance is:

Medicare supplement insurance is a government-sponsored program.

Which of the following requires large employers to provide health insurance coverage to all employees?

The Affordable Health Act of 2010 requires new health plans to allow young people to remain on their parents' insurance policy until what age?

To qualify for disability income under Social Security,you must be totally disabled for _____ months or more,and you must be unable to do any work.

Medical insurance is which part of Medicare?

Every year,what percent of the adult U.S.population suffers a long-term disability?

Physician expense insurance coverage excludes visits to the doctor's office,x-rays,and lab tests.

Which one of the following would be your best selection if you could only choose one of the following types of insurance?

What is disability income insurance? What are the major sources of disability income insurance?

Hospital insurance and medical insurance are characteristics of:

By 2024,annual health care spending is expected to grow to almost _____percent of GDP.

Besides preventive care,HMOs provide a comprehensive range of other health care services.What are they?

Group health insurance plans comprise about _____ percent of all the health insurance issued by health and life insurance companies.

Describe the five basic types of health insurance?

The premium for noncancelable and guaranteed renewable coverage is higher,but the coverages are well worth the extra cost.

Jamal Walker developed a serious infection and spent 6 months in his hospital's intensive care unit.What part of his health insurance policy would be the most useful for helping to pay for this?

The prescription to stay healthy includes getting sufficient rest,relaxation,and exercise.

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

People often buy surgical expense insurance in combination with hospital expense insurance.

Medicare medical insurance is:

Medicare supplement insurance is a government-sponsored program.

Which of the following requires large employers to provide health insurance coverage to all employees?

The Affordable Health Act of 2010 requires new health plans to allow young people to remain on their parents' insurance policy until what age?

To qualify for disability income under Social Security,you must be totally disabled for _____ months or more,and you must be unable to do any work.

Medical insurance is which part of Medicare?

Every year,what percent of the adult U.S.population suffers a long-term disability?

Physician expense insurance coverage excludes visits to the doctor's office,x-rays,and lab tests.

Which one of the following would be your best selection if you could only choose one of the following types of insurance?

What is disability income insurance? What are the major sources of disability income insurance?

Hospital insurance and medical insurance are characteristics of:

By 2024,annual health care spending is expected to grow to almost _____percent of GDP.

Besides preventive care,HMOs provide a comprehensive range of other health care services.What are they?

Group health insurance plans comprise about _____ percent of all the health insurance issued by health and life insurance companies.

Describe the five basic types of health insurance?

The premium for noncancelable and guaranteed renewable coverage is higher,but the coverages are well worth the extra cost.

Jamal Walker developed a serious infection and spent 6 months in his hospital's intensive care unit.What part of his health insurance policy would be the most useful for helping to pay for this?

The prescription to stay healthy includes getting sufficient rest,relaxation,and exercise.

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