Question 1

Surgical expense insurance pays part or all of the surgeon's fees for an operation.

Accepted Answer

A) True 
 B)False  True

Question 2

Raymond Carter has a type of medical insurance that has a very low deductible and pays for hospital,surgical,medical,and other bills under one plan.What type of insurance does he have?

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 A

Question 3

A good health insurance plan should:

Accepted Answer

A) provide at least one year's hospital room and board in full. 
B) provide at least a $2 million lifetime maximum for each family member. 
C) pay 100 percent for out-of-hospital expenses. 
D) offer basic coverage for hospital and doctor bills. 
E) limit your out-of-pocket expenses to no more than $1,000 per year. 
A) provide at least one year's hospital room and board in full. 
B) provide at least a $2 million lifetime maximum for each family member. 
C) pay 100 percent for out-of-hospital expenses. 
D) offer basic coverage for hospital and doctor bills. 
E) limit your out-of-pocket expenses to no more than $1,000 per year. D

Question 4

With disability income insurance,benefits usually begin:

Accepted Answer

A) on the first day of disability. 
B) between 30 and 90 days after the disability occurs. 
C) on the 10th day of disability. 
D) one year after the start of the disability. 
E) on the 15th day of disability. 
A) on the first day of disability. 
B) between 30 and 90 days after the disability occurs. 
C) on the 10th day of disability. 
D) one year after the start of the disability. 
E) on the 15th day of disability.

Question 5

Group health insurance will cover you but not your immediate family.

Accepted Answer

A) True 
 B)False

Question 6

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 has a notoriously poor value so she politely declines.What type of insurance policy did this salesperson likely try to sell her?

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 7

Jose Gonzales just turned 65 this year.He should apply for Medicare benefits at a local:

Accepted Answer

A) office of the National Institutes of Health. 
B) IRS office. 
C) Social Security office. 
D) county medical hospital. 
E) post officE. 
A) office of the National Institutes of Health. 
B) IRS office. 
C) Social Security office. 
D) county medical hospital. 
E) post officE.

Question 8

Which of the following statements is true?

Accepted Answer

A) Physician expense insurance coverage normally includes 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) All of the other statements are truE. 
A) Physician expense insurance coverage normally includes 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) All of the other statements are truE.

Question 9

The best way to avoid the high cost of illness is to stay well.

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

Medicare covers the cost of care received outside the United States,Canada,and Mexico.

Accepted Answer

A) True 
 B)False

Question 12

The affordability of which one of these is one of the most important social issues of our time?

Accepted Answer

A) health care 
B) clothing 
C) automobiles 
D) vacations 
E) day care 
A) health care 
B) clothing 
C) automobiles 
D) vacations 
E) day care

Question 13

Medicare hospital insurance (Part A)is financed from a portion of the Social Security tax.

Accepted Answer

A) True 
 B)False

Question 14

Which one of the following is a source of government health insurance?

Accepted Answer

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

Question 15

Look for a disability income policy that waives premiums while you are disabled.

Accepted Answer

A) True 
 B)False

Question 16

Which type of insurance is probably the most neglected form of available insurance protection?

Accepted Answer

A) life 
B) liability 
C) disability 
D) car 
E) home and property 
A) life 
B) liability 
C) disability 
D) car 
E) home and property

Question 17

The waiting period in disability income insurance is called ____________ period.

Accepted Answer

A) exclusion 
B) no benefit 
C) coverage 
D) trade-off 
E) elimination 
A) exclusion 
B) no benefit 
C) coverage 
D) trade-off 
E) elimination

Question 18

Physician expense insurance is expensive,therefore,it should be avoided.

Accepted Answer

A) True 
 B)False

Question 19

The definition of disability:

Accepted Answer

A) is universally accepted. 
B) varies. 
C) is standardized by the American Council of Life Insurance. 
D) has been formalized by the National Disability Council. 
E) is provided by the Insurance Information InstitutE. 
A) is universally accepted. 
B) varies. 
C) is standardized by the American Council of Life Insurance. 
D) has been formalized by the National Disability Council. 
E) is provided by the Insurance Information InstitutE.

Question 20

Medicare was never intended to pay all medical costs.

Accepted Answer

A) True 
 B)False

Surgical expense insurance pays part or all of the surgeon's fees for an operation.

Raymond Carter has a type of medical insurance that has a very low deductible and pays for hospital,surgical,medical,and other bills under one plan.What type of insurance does he have?

A good health insurance plan should:

With disability income insurance,benefits usually begin:

Group health insurance will cover you but not your immediate family.

Jose Gonzales just turned 65 this year.He should apply for Medicare benefits at a local:

Which of the following statements is true?

The best way to avoid the high cost of illness is to stay well.

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

Medicare covers the cost of care received outside the United States,Canada,and Mexico.

The affordability of which one of these is one of the most important social issues of our time?

Medicare hospital insurance (Part A)is financed from a portion of the Social Security tax.

Which one of the following is a source of government health insurance?

Look for a disability income policy that waives premiums while you are disabled.

Which type of insurance is probably the most neglected form of available insurance protection?

The waiting period in disability income insurance is called ____________ period.

Physician expense insurance is expensive,therefore,it should be avoided.

The definition of disability:

Medicare was never intended to pay all medical costs.

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 Stocks

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

Surgical expense insurance pays part or all of the surgeon's fees for an operation.

Raymond Carter has a type of medical insurance that has a very low deductible and pays for hospital,surgical,medical,and other bills under one plan.What type of insurance does he have?

A good health insurance plan should:

With disability income insurance,benefits usually begin:

Group health insurance will cover you but not your immediate family.

Jose Gonzales just turned 65 this year.He should apply for Medicare benefits at a local:

Which of the following statements is true?

The best way to avoid the high cost of illness is to stay well.

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

Medicare covers the cost of care received outside the United States,Canada,and Mexico.

The affordability of which one of these is one of the most important social issues of our time?

Medicare hospital insurance (Part A)is financed from a portion of the Social Security tax.

Which one of the following is a source of government health insurance?

Look for a disability income policy that waives premiums while you are disabled.

Which type of insurance is probably the most neglected form of available insurance protection?

The waiting period in disability income insurance is called ____________ period.

Physician expense insurance is expensive,therefore,it should be avoided.

The definition of disability:

Medicare was never intended to pay all medical costs.

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 Stocks

Investing in Bonds

Investing in Mutual Funds

Investing in Real Estate and Other Investment Alternatives

Starting Early: Retirement Planning

Estate Planning

Filters