Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

Which of the following groups have undertaken innovative activities to contain the costs of health care?

Accepted Answer

A) employers 
B) labor unions 
C) health insurers 
D) consumers 
E) all of the other parties listed 
A) employers 
B) labor unions 
C) health insurers 
D) consumers 
E) all of the other parties listed

Question 3

Hospital insurance (Part A)and medical insurance (Part B)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 4

Affordable health care has become one of the most important issues of our time.

Accepted Answer

A) True 
 B)False

Question 5

Disability benefits begin on the first day you are disabled.

Accepted Answer

A) True 
 B)False

Question 6

Which type of insurance provides for the partial replacement of income lost by employees as a result of an accident or illness?

Accepted Answer

A) comprehensive major medical 
B) major medical expense 
C) physician's expense 
D) disability income 
E) surgical expense 
A) comprehensive major medical 
B) major medical expense 
C) physician's expense 
D) disability income 
E) surgical expense

Question 7

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 8

Which health insurance policy pays benefits only when you are hospitalized,but pays these benefits in cash which you can use as you like?

Accepted Answer

A) hospital indemnity 
B) interim or short-term 
C) disability income 
D) comprehensive major medical 
E) major medical expense 
A) hospital indemnity 
B) interim or short-term 
C) disability income 
D) comprehensive major medical 
E) major medical expense

Question 9

Dread disease and cancer policies are usually very good values.

Accepted Answer

A) True 
 B)False

Question 10

Because you are young and healthy now,you may overlook the very real need for which type of insurance?

Accepted Answer

A) disability income. 
B) health. 
C) dental. 
D) vision care. 
E) liability. 
A) disability income. 
B) health. 
C) dental. 
D) vision care. 
E) liability.

Question 11

Dental expense insurance provides reimbursement for:

Accepted Answer

A) oral examinations. 
B) fillings. 
C) extractions. 
D) inlays. 
E) all of the other answers. 
A) oral examinations. 
B) fillings. 
C) extractions. 
D) inlays. 
E) all of the other answers.

Question 12

Generally,disability income policies with longer waiting periods:

Accepted Answer

A) have higher premiums. 
B) have lower premiums. 
C) have about the same premium as those with shorter periods. 
D) are issued by smaller insurance companies. 
E) are issued by larger insurance companies. 
A) have higher premiums. 
B) have lower premiums. 
C) have about the same premium as those with shorter periods. 
D) are issued by smaller insurance companies. 
E) are issued by larger insurance companies.

Question 13

The hospital insurance portion of Medicare helps pay for:

Accepted Answer

A) inpatient hospital care. 
B) inpatient care in a skilled nursing facility. 
C) home health care. 
D) hospice care. 
E) all of the other types of care listed. 
A) inpatient hospital care. 
B) inpatient care in a skilled nursing facility. 
C) home health care. 
D) hospice care. 
E) all of the other types of care listed.

Question 14

Unfortunately,most salaried workers in the United States do not participate in the Social Security programs.

Accepted Answer

A) True 
 B)False

Question 15

Most health insurance policies in the United States are sold to:

Accepted Answer

A) victims of communicable diseases. 
B) individuals with families. 
C) single individuals with no dependents. 
D) elderly individuals. 
E) employers,who in turn offer the benefits to employees. 
A) victims of communicable diseases. 
B) individuals with families. 
C) single individuals with no dependents. 
D) elderly individuals. 
E) employers,who in turn offer the benefits to employees.

Question 16

What are some possible reasons for high and rising costs of health care?

Accepted Answer

A) the use of sophisticated and high-priced equipment. 
B) medical personnel who command high earnings. 
C) innovative but costly treatment for some illnesses. 
D) the increasing number and longevity of elderly people. 
E) all of the other answers. 
A) the use of sophisticated and high-priced equipment. 
B) medical personnel who command high earnings. 
C) innovative but costly treatment for some illnesses. 
D) the increasing number and longevity of elderly people. 
E) all of the other answers.

Question 17

A hospital indemnity policy pays benefits only when you are hospitalized and only to the hospital where the care was provided.

Accepted Answer

A) True 
 B)False

Question 18

The hospital indemnity policy is a good substitute for basic or major medical protection.

Accepted Answer

A) True 
 B)False

Question 19

What can you do to reduce your health care costs?

Accepted Answer

A) stay well. 
B) gain a little extra weight. 
C) smoke and drink. 
D) live dangerously. 
E) don't seek medical carE. 
A) stay well. 
B) gain a little extra weight. 
C) smoke and drink. 
D) live dangerously. 
E) don't seek medical carE.

Question 20

A good health insurance plan should:

Accepted Answer

A) pay at least 80 percent for out-of-hospital expenses after the yearly deductible. 
B) provide at least 120 days' hospital room and board in full. 
C) provide at least a $1 million lifetime maximum for each family member. 
D) impose no unreasonable exclusions. 
E) offer all of the other answers. 
A) pay at least 80 percent for out-of-hospital expenses after the yearly deductible. 
B) provide at least 120 days' hospital room and board in full. 
C) provide at least a $1 million lifetime maximum for each family member. 
D) impose no unreasonable exclusions. 
E) offer all of the other answers.

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

Which of the following groups have undertaken innovative activities to contain the costs of health care?

Hospital insurance (Part A)and medical insurance (Part B)are characteristics of :

Affordable health care has become one of the most important issues of our time.

Disability benefits begin on the first day you are disabled.

Which type of insurance provides for the partial replacement of income lost by employees as a result of an accident or illness?

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

Which health insurance policy pays benefits only when you are hospitalized,but pays these benefits in cash which you can use as you like?

Dread disease and cancer policies are usually very good values.

Because you are young and healthy now,you may overlook the very real need for which type of insurance?

Dental expense insurance provides reimbursement for:

Generally,disability income policies with longer waiting periods:

The hospital insurance portion of Medicare helps pay for:

Unfortunately,most salaried workers in the United States do not participate in the Social Security programs.

Most health insurance policies in the United States are sold to:

What are some possible reasons for high and rising costs of health care?

A hospital indemnity policy pays benefits only when you are hospitalized and only to the hospital where the care was provided.

The hospital indemnity policy is a good substitute for basic or major medical protection.

What can you do to reduce your health care costs?

A good health insurance plan should:

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

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

Which of the following groups have undertaken innovative activities to contain the costs of health care?

Hospital insurance (Part A)and medical insurance (Part B)are characteristics of :

Affordable health care has become one of the most important issues of our time.

Disability benefits begin on the first day you are disabled.

Which type of insurance provides for the partial replacement of income lost by employees as a result of an accident or illness?

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

Which health insurance policy pays benefits only when you are hospitalized,but pays these benefits in cash which you can use as you like?

Dread disease and cancer policies are usually very good values.

Because you are young and healthy now,you may overlook the very real need for which type of insurance?

Dental expense insurance provides reimbursement for:

Generally,disability income policies with longer waiting periods:

The hospital insurance portion of Medicare helps pay for:

Unfortunately,most salaried workers in the United States do not participate in the Social Security programs.

Most health insurance policies in the United States are sold to:

What are some possible reasons for high and rising costs of health care?

A hospital indemnity policy pays benefits only when you are hospitalized and only to the hospital where the care was provided.

The hospital indemnity policy is a good substitute for basic or major medical protection.

What can you do to reduce your health care costs?

A good health insurance plan should:

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