Question 1

Which of the following is not true regarding government regulations to allow individuals who change jobs to maintain health insurance coverage?

Accepted Answer

A) You may continue your health insurance provided through an employer's plan for 18 months after you stop working for that employer. 
B) Even if you retire,you may continue coverage for 18 months unless you qualify for Medicare. 
C) If you change jobs,a new insurance company cannot deny you coverage based on your health,medical condition,previous claims,or disability. 
D) When changing jobs,you are allowed to stop and start health care plans whenever you need to and still be guaranteed insurance coverage by a new provider. 
A) You may continue your health insurance provided through an employer's plan for 18 months after you stop working for that employer. 
B) Even if you retire,you may continue coverage for 18 months unless you qualify for Medicare. 
C) If you change jobs,a new insurance company cannot deny you coverage based on your health,medical condition,previous claims,or disability. 
D) When changing jobs,you are allowed to stop and start health care plans whenever you need to and still be guaranteed insurance coverage by a new provider.

Question 2

Since health insurance is expensive

Accepted Answer

A) most employers pay for the entire cost as an employee benefit. 
B) employees are usually required to pay the entire cost of the insurance. 
C) the employer and employee typically share the cost of the health insurance. 
D) the government along with the employer helps to subsidize employee health insurance costs. 
A) most employers pay for the entire cost as an employee benefit. 
B) employees are usually required to pay the entire cost of the insurance. 
C) the employer and employee typically share the cost of the health insurance. 
D) the government along with the employer helps to subsidize employee health insurance costs.

Question 3

Which of the following is true regarding Medicare?

Accepted Answer

A) Eligibility for the plan is based on both need and age. 
B) The entire plan is free to qualified participants. 
C) Part of the program is optional and has a charge. 
D) Virtually all medical expenses are paid for those covered. 
A) Eligibility for the plan is based on both need and age. 
B) The entire plan is free to qualified participants. 
C) Part of the program is optional and has a charge. 
D) Virtually all medical expenses are paid for those covered.

Question 4

Additional types of insurance commonly offered through employers include

Accepted Answer

A) dental insurance. 
B) fitness insurance. 
C) vision insurance. 
D) Both A and C 
A) dental insurance. 
B) fitness insurance. 
C) vision insurance. 
D) Both A and C

Question 5

Which of the following is not true as it relates to the cost of health care?

Accepted Answer

A) Fraudulent claims by patients and health care providers add to the cost. 
B) People are living longer and their health care costs are higher. 
C) Better claim handling and processing has helped reduce the cost of health care. 
D) Technology used in medicine is very expensive and has added to the cost. 
A) Fraudulent claims by patients and health care providers add to the cost. 
B) People are living longer and their health care costs are higher. 
C) Better claim handling and processing has helped reduce the cost of health care. 
D) Technology used in medicine is very expensive and has added to the cost.

Question 6

Generally,disability income policies with shorter waiting periods have lower premiums.

Accepted Answer

A) True 
 B)False

Question 7

Although indemnity plans are less flexible than managed care plans,they charge lower rates.

Accepted Answer

A) True 
 B)False

Question 8

Most people obtain health insurance through group plans offered by employers.

Accepted Answer

A) True 
 B)False

Question 9

Usually plans such as dental insurance and vision insurance are good deals if they are offered through employers.

Accepted Answer

A) True 
 B)False

Question 10

A PPO health insurance plan allows individuals a better selection of health care providers,but is more expensive than an HMO.

Accepted Answer

A) True 
 B)False

Question 11

Buying health insurance through employer-sponsored plans is somewhat more expensive than buying your own policy individually.

Accepted Answer

A) True 
 B)False

Question 12

Which of the following statements is not true of disability insurance?

Accepted Answer

A) You should have it even if you are retired and living on a pension. 
B) The amount of coverage should equal your disposable income. 
C) If you are self-employed you should have disability insurance. 
D) All of the above are true of disability insurance. 
A) You should have it even if you are retired and living on a pension. 
B) The amount of coverage should equal your disposable income. 
C) If you are self-employed you should have disability insurance. 
D) All of the above are true of disability insurance.

Question 13

Hospitals,doctors,and patients have enough incentive to make the most economical use of health care services.

Accepted Answer

A) True 
 B)False

Question 14

Having money taken out of your paycheck and put in a flexible spending account is one of the ways you can avoid paying taxes on the amount you spend for health care expenses.

Accepted Answer

A) True 
 B)False

Question 15

The part of Medicare that provides coverage for prescription drugs is

Accepted Answer

A) Part A. 
B) Part B. 
C) Part C. 
D) Part D. 
A) Part A. 
B) Part B. 
C) Part C. 
D) Part D.

Question 16

Part D of Medicare represents a combination of Part A and Part B provided through private insurance companies.

Accepted Answer

A) True 
 B)False

Question 17

The managed health care plan with the lowest premiums and also the least choice of health care providers is the ________.

Accepted Answer

The answer of The managed health care plan with the...

Question 18

Technological advances are one of the things helping to keep the cost of health care from escalating further.

Accepted Answer

A) True 
 B)False

Question 19

What could happen to you if you had a serious health problem and no health insurance?

Accepted Answer

Health services are limited for those wi

Question 20

Medicare basic coverage (Part A)covers

Accepted Answer

A) hospital expenses,including surgeries. 
B) outpatient hospital care. 
C) physical therapy. 
D) All of the above. 
A) hospital expenses,including surgeries. 
B) outpatient hospital care. 
C) physical therapy. 
D) All of the above.

Exam 12: Health and Disability Insurance

Which of the following is not true regarding government regulations to allow individuals who change jobs to maintain health insurance coverage?

Since health insurance is expensive

Which of the following is true regarding Medicare?

Additional types of insurance commonly offered through employers include

Which of the following is not true as it relates to the cost of health care?

Generally,disability income policies with shorter waiting periods have lower premiums.

Although indemnity plans are less flexible than managed care plans,they charge lower rates.

Most people obtain health insurance through group plans offered by employers.

Usually plans such as dental insurance and vision insurance are good deals if they are offered through employers.

A PPO health insurance plan allows individuals a better selection of health care providers,but is more expensive than an HMO.

Buying health insurance through employer-sponsored plans is somewhat more expensive than buying your own policy individually.

Which of the following statements is not true of disability insurance?

Hospitals,doctors,and patients have enough incentive to make the most economical use of health care services.

Having money taken out of your paycheck and put in a flexible spending account is one of the ways you can avoid paying taxes on the amount you spend for health care expenses.

The part of Medicare that provides coverage for prescription drugs is

Part D of Medicare represents a combination of Part A and Part B provided through private insurance companies.

The managed health care plan with the lowest premiums and also the least choice of health care providers is the ________.

Technological advances are one of the things helping to keep the cost of health care from escalating further.

What could happen to you if you had a serious health problem and no health insurance?

Medicare basic coverage (Part A)covers

Overview of a Financial Plan

Planning With Personal Financial Statements

Applying Time Value Concepts

Using Tax Concepts for Planning

Banking and Interest Rates

Managing Your Money

Assessing and Securing Your Credit

Managing Your Credit

Personal Loans

Purchasing and Financing a Home

Auto and Homeowners Insurance

Life Insurance

Investing Fundamentals

Investing in Stocks

Investing in Bonds

Investing in Mutual Funds

Asset Allocation

Retirement Planning

Estate Planning

Integrating the Components of a Financial Plan

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