Question 1

A comprehensive health insurance usually covers the cost of anesthetics and their administration.

Accepted Answer

A) True 
 B)False

Question 2

The medicare coinsurance payment is usually

Accepted Answer

A)  0% 
B)  10% 
C)  20% 
D)  50% 
E)  None of the above 
A)  0% 
B)  10% 
C)  20% 
D)  50% 
E)  None of the above

Question 3

Joe has a disability income policy that pays a monthly benefit of $1,200.Joe has been disabled for 30 days,but he only received a check in the amount of $600 from his disability insurance.What is probably the reason that he only received $600?

Accepted Answer

A)  The policy has a deductible of $600. 
B)  The elimination period is 15 days. 
C)  The policy has a 50% coinsurance clause. 
D)  Joe is considered to be only 50% disabled. 
E)  Joe has only owned the policy for 6 months. 
A)  The policy has a deductible of $600. 
B)  The elimination period is 15 days. 
C)  The policy has a 50% coinsurance clause. 
D)  Joe is considered to be only 50% disabled. 
E)  Joe has only owned the policy for 6 months.

Question 4

Medicare is a government-sponsored health care plan composed of Part A and Part B.Part A covers

Accepted Answer

A)  hospital expenses. 
B)  doctor's bills. 
C)  custodial nursing home expenses. 
D)  prescription drugs. 
E)  all of the above. 
A)  hospital expenses. 
B)  doctor's bills. 
C)  custodial nursing home expenses. 
D)  prescription drugs. 
E)  all of the above.

Question 5

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-Hospital insurance would pay the costs for room and board and [the use of an operating room | the fee charged by the surgeon].

Accepted Answer

A) for the first item 
B) for the second item 
C) if neither item will correctly complete the statement. 
A) for the first item 
B) for the second item 
C) if neither item will correctly complete the statement.

Question 6

Ben's health coverage charges a low ($15)deductible each time he visits the doctor or hospital.Other than the low per-service deductible,there is very little cost sharing.However,Ben must go to the health care providers listed by the provider of the health coverage.If he goes to a provider that is not on the list,there is very little coverage.Which of the following types of entity most likely provides Abe's health coverage?

Accepted Answer

A)  HMO 
B)  Blue Cross/Blue Shield association 
C)  commercial insurer (major medical) 
D)  PPO 
E)  fee-for-service indemnity plan 
A)  HMO 
B)  Blue Cross/Blue Shield association 
C)  commercial insurer (major medical) 
D)  PPO 
E)  fee-for-service indemnity plan

Question 7

If you lose your job,COBRA permits you to continue your group health insurance coverage permanently as long as you pay the premium within 36 months of the termination of employment.

Accepted Answer

A) True 
 B)False

Question 8

Your bill for consultation with a specialist would ordinarily be paid by physician's expense insurance.

Accepted Answer

A) True 
 B)False

Question 9

Hospital indemnity policies would make payment for

Accepted Answer

A)  surgery. 
B)  care at the doctor's office. 
C)  private duty nursing care. 
D)  prescriptions when not in hospital. 
E)  per day hospital charges. 
A)  surgery. 
B)  care at the doctor's office. 
C)  private duty nursing care. 
D)  prescriptions when not in hospital. 
E)  per day hospital charges.

Question 10

Most employees select ____ for their health insurance needs.

Accepted Answer

A)  indemnity plans 
B)  preferred provider organizations 
C)  health maintenance organizations 
D)  individual practice associations 
E)  point of service plans 
A)  indemnity plans 
B)  preferred provider organizations 
C)  health maintenance organizations 
D)  individual practice associations 
E)  point of service plans

Question 11

In order to qualify for disability insurance under social security,a person must be

Accepted Answer

A)  unable to carry out the duties of the current job. 
B)  unable to carry out the duties of any job. 
C)  ill for at least two years. 
D)  willing to undergo rehabilitation. 
E)  none of these 
A)  unable to carry out the duties of the current job. 
B)  unable to carry out the duties of any job. 
C)  ill for at least two years. 
D)  willing to undergo rehabilitation. 
E)  none of these

Question 12

Large employers are less likely to offer health insurance to their employees than small employers.

Accepted Answer

A) True 
 B)False

Question 13

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-Surgical expense insurance would pay for cosmetic surgery [for a face lift | to reduce the size of your nose | only if deemed a medical necessity].

Accepted Answer

A) for the first item 
B) for the second item 
C) if neither item will correctly complete the statement. 
A) for the first item 
B) for the second item 
C) if neither item will correctly complete the statement.

Question 14

The majority of employers pay

Accepted Answer

A)  the entire health care insurance premium for workers. 
B)  the entire health care insurance premium for dependents. 
C)  the entire health care premium for workers and dependents. 
D)  part of the premium for workers and dependents. 
E)  none of the premium for workers and dependents. 
A)  the entire health care insurance premium for workers. 
B)  the entire health care insurance premium for dependents. 
C)  the entire health care premium for workers and dependents. 
D)  part of the premium for workers and dependents. 
E)  none of the premium for workers and dependents.

Question 15

Given a $250 annual deductible,a $5,000 lid on the coinsurance,80/20 coinsurance,and a $250,000 policy limit,how much of a $27,500 medical bill will be paid by the insured?

Accepted Answer

A)  $ 250 
B)  $5,000 
C)  $5,450 
D)  $5,250 
E)  $5,700 
A)  $ 250 
B)  $5,000 
C)  $5,450 
D)  $5,250 
E)  $5,700

Question 16

Terms of payment under your health insurance are governed by

Accepted Answer

A)  policy limits. 
B)  deductibles. 
C)  coordination of benefits. 
D)  waiting periods. 
E)  all of the above. 
A)  policy limits. 
B)  deductibles. 
C)  coordination of benefits. 
D)  waiting periods. 
E)  all of the above.

Question 17

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-Most dental insurance is written through [group | individual] policies.

Accepted Answer

A) for the first item 
B) for the second item 
C) if neither item will correctly complete the statement. 
A) for the first item 
B) for the second item 
C) if neither item will correctly complete the statement.

Question 18

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-Having your "reasonable and customary" surgical expenses paid is an example of [service | scheduled] benefits.

Accepted Answer

A) for the first item 
B) for the second item 
C) if neither item will correctly complete the statement. 
A) for the first item 
B) for the second item 
C) if neither item will correctly complete the statement.

Question 19

Medicare is a government-sponsored health care plan composed of Part A and Part B.Part B covers

Accepted Answer

A)  hospital expenses. 
B)  doctor's bills. 
C)  custodial nursing home expenses. 
D)  prescription drugs. 
E)  all of the above. 
A)  hospital expenses. 
B)  doctor's bills. 
C)  custodial nursing home expenses. 
D)  prescription drugs. 
E)  all of the above.

Question 20

An elimination period is the number of days that must pass before disability policies pay proceeds.

Accepted Answer

A) True 
 B)False

A comprehensive health insurance usually covers the cost of anesthetics and their administration.

The medicare coinsurance payment is usually

Joe has a disability income policy that pays a monthly benefit of $1,200.Joe has been disabled for 30 days,but he only received a check in the amount of $600 from his disability insurance.What is probably the reason that he only received $600?

Medicare is a government-sponsored health care plan composed of Part A and Part B.Part A covers

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -Hospital insurance would pay the costs for room and board and [the use of an operating room | the fee charged by the surgeon].

If you lose your job,COBRA permits you to continue your group health insurance coverage permanently as long as you pay the premium within 36 months of the termination of employment.

Your bill for consultation with a specialist would ordinarily be paid by physician's expense insurance.

Hospital indemnity policies would make payment for

Most employees select ____ for their health insurance needs.

In order to qualify for disability insurance under social security,a person must be

Large employers are less likely to offer health insurance to their employees than small employers.

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -Surgical expense insurance would pay for cosmetic surgery [for a face lift | to reduce the size of your nose | only if deemed a medical necessity].

The majority of employers pay

Given a $250 annual deductible,a $5,000 lid on the coinsurance,80/20 coinsurance,and a $250,000 policy limit,how much of a $27,500 medical bill will be paid by the insured?

Terms of payment under your health insurance are governed by

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -Most dental insurance is written through [group | individual] policies.

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -Having your "reasonable and customary" surgical expenses paid is an example of [service | scheduled] benefits.

Medicare is a government-sponsored health care plan composed of Part A and Part B.Part B covers

An elimination period is the number of days that must pass before disability policies pay proceeds.

Understanding the Financial Planning Process

Using Financial Statements and Budgets

Preparing Your Taxes

Managing Your Cash and Savings

Making Automobile and Housing Decisions

Using Credit

Using Consumer Loans

Insuring Your Life

Protecting Your Property

Investment Planning

Investing in Stocks and Bonds

Investing in Mutual Funds

Planning for Retirement

Preserving Your Estate

Filters

Exam 9: Insuring Your Health

A comprehensive health insurance usually covers the cost of anesthetics and their administration.

The medicare coinsurance payment is usually

Joe has a disability income policy that pays a monthly benefit of $1,200.Joe has been disabled for 30 days,but he only received a check in the amount of $600 from his disability insurance.What is probably the reason that he only received $600?

Medicare is a government-sponsored health care plan composed of Part A and Part B.Part A covers

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -Hospital insurance would pay the costs for room and board and [the use of an operating room | the fee charged by the surgeon].

If you lose your job,COBRA permits you to continue your group health insurance coverage permanently as long as you pay the premium within 36 months of the termination of employment.

Your bill for consultation with a specialist would ordinarily be paid by physician's expense insurance.

Hospital indemnity policies would make payment for

Most employees select ____ for their health insurance needs.

In order to qualify for disability insurance under social security,a person must be

Large employers are less likely to offer health insurance to their employees than small employers.

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -Surgical expense insurance would pay for cosmetic surgery [for a face lift | to reduce the size of your nose | only if deemed a medical necessity].

The majority of employers pay

Given a $250 annual deductible,a $5,000 lid on the coinsurance,80/20 coinsurance,and a $250,000 policy limit,how much of a $27,500 medical bill will be paid by the insured?

Terms of payment under your health insurance are governed by

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -Most dental insurance is written through [group | individual] policies.

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. -Having your "reasonable and customary" surgical expenses paid is an example of [service | scheduled] benefits.

Medicare is a government-sponsored health care plan composed of Part A and Part B.Part B covers

An elimination period is the number of days that must pass before disability policies pay proceeds.

Understanding the Financial Planning Process

Using Financial Statements and Budgets

Preparing Your Taxes

Managing Your Cash and Savings

Making Automobile and Housing Decisions

Using Credit

Using Consumer Loans

Insuring Your Life

Protecting Your Property

Investment Planning

Investing in Stocks and Bonds

Investing in Mutual Funds

Planning for Retirement

Preserving Your Estate

Filters