Exam 9: Health and Disability Income Insurance

Peter has a health insurance policy that includes a deductible of $1,000,a coinsurance of 20%,and a stop-loss of $4,000.If his total bill is $20,000,how much will he pay?

The type of health insurance coverage that may specify the maximum payment amount for an operation is

Which of the following is correct?

Think about the benefits offered by health insurance policies and their trade-offs.Do you think that everyone should get the same benefits? Why or why not?

The copayment provision deals with the amount that someone will pay for a bill such as 20% coinsurance.

Identify at least three types of health insurance coverage.

Some policies consider the average fee for a service in a particular geographical area.They then use that amount to set a minimum payment for policyholders.

Miguel is concerned that the health insurance option he is considering plays upon unrealistic fears.He is most concerned about a

Which of the following is true about an elimination period?

Anna contributes pretax dollars to an account managed by her employer for her health care expenses.If she does not spend all of her money by the end of the year,she may forfeit it.What kind of plan does she have?

Jacob is concerned that his out-of-pocket health care expenses will be quite high,so he is considering adding contributions to a tax-free account that he can use with his high-deductible policy to cover catastrophic expenses.What kind of plan does he have?

The average per employee cost for health care in 2012 was more than

How are FSAs and HSAs similar?

Which of the following about individual health insurance policies is correct?

The definition of disability is stricter for Social Security than for employer plans.

Larry has a health insurance policy that includes a deductible of $1,000 and a coinsurance of 20%.If his total bill is $7,000,how much will his insurance pay?

Larry has a health insurance policy that includes a deductible of $1,000 and a coinsurance of 20%.If his total bill is $5,000,how much will his insurance pay?

Georgia has a health insurance policy that includes a deductible of $500 and a coinsurance of 20%.If her total bill is $3,000,how much will her insurance pay?

Surgical expense coverage for health insurance includes surgeon's fees in a doctor's office.

A health insurance policy that pays you back for actual expenses is called an indemnity policy.