Exam 11: Health, Disability, and Long-Term Care Insurance

As a national average,a year in a nursing home can cost over:

Joan Wilder receives a phone call from a salesperson who tries to sell her an insurance policy by scaring her about her high risk of death from this disease.She knows that this type of insurance policy is notoriously a poor value,so she politely declines.What type of insurance policy did this salesperson likely try to sell her?

Benjamin Northcutt has an insurance policy that does not cover cosmetic surgery like the nose job he would like to have.Which provision in his insurance policy would specify this?

Which of the following factors has not contributed to rising health costs?

Once a person is eligible,Medicaid provides more benefits than does Medicare.

Which country has the highest per capita medical expenditures of any industrialized country in the world?

The Wilson family has health insurance coverage that pays 50 percent of out-of-hospital expenses after a $1,000 deductible per person.Mrs.Wilson incurred doctor and prescription medication expenses of $3,650.What amount would the insurance company pay and what amount will the Wilson family pay?

A sign that your group health coverage needs supplementing would be:

The definition of disability:

Medicare hospital insurance is financed from a portion of the Social Security tax.

Hospital insurance is which part of Medicare?

People are more likely to lose their incomes due to _____ than death.

Nathanial Drummond has three different insurance policies.He has been injured in an accident and has incurred $30,000 in medical bills.There is a provision in all of his insurance contracts that ensures the total benefits he receives from all sources is limited to 100% of allowable medical expenses.What is this provision called?

In most employer-sponsored disability income insurance plans:

Individual health insurance covers either one person or a family.

Very few group health insurance policy contracts have a coordination of benefits provision.

Blue Cross plans provide for surgical and medical services performed by physicians.

According to the Government Accountability Office,fraud and abuse account for nearly _____ percent of all dollars spent on health care.

What should you do when an HMO denies treatment or coverage?

Medicaid differs from Medicare because eligibility for Medicaid depends on having very low income and assets.