Question 1

Which type of health insurance policy may not cover all of your health insurance needs or may deny benefits if you lose your job?

Accepted Answer

A) group health 
B) individual health 
C) Medicare 
D) Medicaid 
E) private disability income 
A) group health 
B) individual health 
C) Medicare 
D) Medicaid 
E) private disability income

Question 2

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

Accepted Answer

A) True 
 B)False

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

Which type of health insurance pays for physician's care that does not involve surgery?

Accepted Answer

A) surgical expense 
B) hospital expense 
C) physician's expense 
D) long-term care 
E) Medicare Part B 
A) surgical expense 
B) hospital expense 
C) physician's expense 
D) long-term care 
E) Medicare Part B

Question 5

Because Medicaid coverage is very limited,people using it need to purchase supplemental insurance.

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

A) eligibility 
B) assigned benefits 
C) benefit limits 
D) guaranteed renewable 
E) exclusions and limitations 
A) eligibility 
B) assigned benefits 
C) benefit limits 
D) guaranteed renewable 
E) exclusions and limitations

Question 7

Health insurance is available from:

Accepted Answer

A) private insurance companies. 
B) Blue Cross and Blue Shield. 
C) HMOs. 
D) PPOs. 
E) everyone listed in all of the other answers. 
A) private insurance companies. 
B) Blue Cross and Blue Shield. 
C) HMOs. 
D) PPOs. 
E) everyone listed in all of the other answers.

Question 8

Make sure you have enough insurance,but don't over insure.

Accepted Answer

A) True 
 B)False

Question 9

Just about every worker is adequately covered by disability income insurance.

Accepted Answer

A) True 
 B)False

Question 10

To get Medicare medical insurance (Part B)you must sign up for it and pay a monthly premium.

Accepted Answer

A) True 
 B)False

Question 11

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 12

In most employer-sponsored disability income insurance plans:

Accepted Answer

A) your employer pays part or all of the cost. 
B) you pay all the cost. 
C) your union pays all the cost. 
D) the Social Security Administration pays most of the premium. 
E) the Veterans Administration foots the bill. 
A) your employer pays part or all of the cost. 
B) you pay all the cost. 
C) your union pays all the cost. 
D) the Social Security Administration pays most of the premium. 
E) the Veterans Administration foots the bill.

Question 13

Most private insurance companies sell health insurance policies to:

Accepted Answer

A) individuals. 
B) families. 
C) employers. 
D) employees. 
E) non-profit organizations. 
A) individuals. 
B) families. 
C) employers. 
D) employees. 
E) non-profit organizations.

Question 14

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

Accepted Answer

Disability income insurance benefits pro

Question 15

Most people are more likely to lose their income due to death than due to disability.

Accepted Answer

A) True 
 B)False

Question 16

Jamal Walker developed a serious infection and spent 6 months in his hospital's intensive care unit.What part of his 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 
E) Medicare Part B 
A) hospital expense 
B) surgical expense 
C) physician expense 
D) major medical 
E) Medicare Part B

Question 17

A deductible provision requires the policyholder to pay a basic amount before the policy benefits begin.

Accepted Answer

A) True 
 B)False

Question 18

Long-term care insurance was virtually unknown 25 years ago,but now it is growing faster than any other form of insurance.

Accepted Answer

A) True 
 B)False

Question 19

Medicaid is administered by each state within certain broad federal requirements and guidelines.

Accepted Answer

A) True 
 B)False

Question 20

Health insurance includes:

Accepted Answer

A) life insurance. 
B) disability insurance. 
C) personal liability insurance. 
D) an annuity. 
E) an endowment. 
A) life insurance. 
B) disability insurance. 
C) personal liability insurance. 
D) an annuity. 
E) an endowment.

Which type of health insurance policy may not cover all of your health insurance needs or may deny benefits if you lose your job?

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

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

Which type of health insurance pays for physician's care that does not involve surgery?

Because Medicaid coverage is very limited,people using it need to purchase supplemental insurance.

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

Health insurance is available from:

Make sure you have enough insurance,but don't over insure.

Just about every worker is adequately covered by disability income insurance.

To get Medicare medical insurance (Part B)you must sign up for it and pay a monthly premium.

Medigap is sold or serviced by:

In most employer-sponsored disability income insurance plans:

Most private insurance companies sell health insurance policies to:

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

Most people are more likely to lose their income due to death than due to disability.

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

A deductible provision requires the policyholder to pay a basic amount before the policy benefits begin.

Long-term care insurance was virtually unknown 25 years ago,but now it is growing faster than any other form of insurance.

Medicaid is administered by each state within certain broad federal requirements and guidelines.

Health insurance includes:

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

Which type of health insurance policy may not cover all of your health insurance needs or may deny benefits if you lose your job?

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

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

Which type of health insurance pays for physician's care that does not involve surgery?

Because Medicaid coverage is very limited,people using it need to purchase supplemental insurance.

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

Health insurance is available from:

Make sure you have enough insurance,but don't over insure.

Just about every worker is adequately covered by disability income insurance.

To get Medicare medical insurance (Part B)you must sign up for it and pay a monthly premium.

Medigap is sold or serviced by:

In most employer-sponsored disability income insurance plans:

Most private insurance companies sell health insurance policies to:

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

Most people are more likely to lose their income due to death than due to disability.

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

A deductible provision requires the policyholder to pay a basic amount before the policy benefits begin.

Long-term care insurance was virtually unknown 25 years ago,but now it is growing faster than any other form of insurance.

Medicaid is administered by each state within certain broad federal requirements and guidelines.

Health insurance includes:

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