Question 1

Medicare Advantage policies require payment from the policyholder in the form of a

Accepted Answer

A) Deductible 
B) Co-insurance 
C) Copayment 
D) Excess charge 
E) a and b 
A) Deductible 
B) Co-insurance 
C) Copayment 
D) Excess charge 
E) a and b

Question 2

With a COLA provision,the monthly long-term disability benefit is adjusted upward each year,often in line with the CPI.

Accepted Answer

A) True 
 B)False

Question 3

Disability income benefits under social security will be paid as long as you cannot perform the duties of the job you were holding when the disability began.

Accepted Answer

A) True 
 B)False

Question 4

About ___ of Americans lack health insurance.

Accepted Answer

A) 10% 
B) 13% 
C) 20% 
D) 35% 
E) 50% 
A) 10% 
B) 13% 
C) 20% 
D) 35% 
E) 50%

Question 5

Miscellaneous sources of health care coverage include

Accepted Answer

A) homeowners insurance. 
B) automobile insurance. 
C) veterans benefits. 
D) all of the above. 
E) none of the above. 
A) homeowners insurance. 
B) automobile insurance. 
C) veterans benefits. 
D) all of the above. 
E) none of the above.

Question 6

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-Premiums for workers' compensation are paid by [employees | employers].

Accepted Answer

The answer of Choose the word or phrase in [...

Question 7

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-[Men | Women] are more likely to need long-term care insurance.

Accepted Answer

The answer of Choose the word or phrase in [...

Question 8

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 9

Long-term care insurance provides protection against the cost of extended hospital stays.

Accepted Answer

A) True 
 B)False

Question 10

Disability income insurance provides benefits that are designed to

Accepted Answer

A) pay for hospital care costs from injuries. 
B) substitute for lost income. 
C) cover hospital care costs from illness. 
D) substitute for social security disability benefits. 
E) supplement retirement income for the elderly. 
A) pay for hospital care costs from injuries. 
B) substitute for lost income. 
C) cover hospital care costs from illness. 
D) substitute for social security disability benefits. 
E) supplement retirement income for the elderly.

Question 11

A presumption disability clause presumes total disability with certain types of injuries even if the injured can work in some capacity.

Accepted Answer

A) True 
 B)False

Question 12

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-About [one in five | one in seven] people between the ages of 35 and 65 will become disabled for five years or more.

Accepted Answer

The answer of Choose the word or phrase in [...

Question 13

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 14

Blue Cross/Blue Shield provides prepaid health care to participants.

Accepted Answer

A) True 
 B)False

Question 15

Terms of payment under your health insurance are governed by

Accepted Answer

A) policy limits. 
B) deductibles. 
C) coordination of benefits. 
D) set maximums for types of services. 
E) all of the above. 
A) policy limits. 
B) deductibles. 
C) coordination of benefits. 
D) set maximums for types of services. 
E) all of the above.

Question 16

Surgical expenses now generally are reimbursed on the basis of

Accepted Answer

A) actual surgical expense. 
B) listed benefit schedules. 
C) specific percentage of actual surgical expense. 
D) average national cost of the surgery. 
E) usual, reasonable, and customary expenses. 
A) actual surgical expense. 
B) listed benefit schedules. 
C) specific percentage of actual surgical expense. 
D) average national cost of the surgery. 
E) usual, reasonable, and customary expenses.

Question 17

Which of the following is not a desirable feature in a long-term care policy?

Accepted Answer

A) inflation protection 
B) optional renewability clause 
C) duration of benefits of 6 years 
D) coverage for Alzheimer's disease 
E) coverage for preexisting conditions 
A) inflation protection 
B) optional renewability clause 
C) duration of benefits of 6 years 
D) coverage for Alzheimer's disease 
E) coverage for preexisting conditions

Question 18

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-Traditional indemnity policies reimburse the insured based on the [amount charged | usual,customary,and reasonable charges] for the medical services received.

Accepted Answer

The answer of Choose the word or phrase in [...

Question 19

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-When there is a co-insurance or participation clause in a health insurance policy,the amount the insurance will pay is computed [before | after] the deductible is paid.

Accepted Answer

The answer of Choose the word or phrase in [...

Question 20

Your right to continue a health insurance policy if you choose is known as

Accepted Answer

A) policy exclusions. 
B) persons covered. 
C) continuation. 
D) duration of benefits. 
E) renewability. 
A) policy exclusions. 
B) persons covered. 
C) continuation. 
D) duration of benefits. 
E) renewability.

Medicare Advantage policies require payment from the policyholder in the form of a

With a COLA provision,the monthly long-term disability benefit is adjusted upward each year,often in line with the CPI.

Disability income benefits under social security will be paid as long as you cannot perform the duties of the job you were holding when the disability began.

About ___ of Americans lack health insurance.

Miscellaneous sources of health care coverage include

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. -Premiums for workers' compensation are paid by [employees | employers].

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. -[Men | Women] are more likely to need long-term care insurance.

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

Long-term care insurance provides protection against the cost of extended hospital stays.

Disability income insurance provides benefits that are designed to

A presumption disability clause presumes total disability with certain types of injuries even if the injured can work in some capacity.

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?

Blue Cross/Blue Shield provides prepaid health care to participants.

Terms of payment under your health insurance are governed by

Surgical expenses now generally are reimbursed on the basis of

Which of the following is not a desirable feature in a long-term care policy?

Your right to continue a health insurance policy if you choose is known as

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

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Exam 9: Insuring Your Health

Medicare Advantage policies require payment from the policyholder in the form of a

With a COLA provision,the monthly long-term disability benefit is adjusted upward each year,often in line with the CPI.

Disability income benefits under social security will be paid as long as you cannot perform the duties of the job you were holding when the disability began.

About ___ of Americans lack health insurance.

Miscellaneous sources of health care coverage include

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. -Premiums for workers' compensation are paid by [employees | employers].

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. -[Men | Women] are more likely to need long-term care insurance.

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

Long-term care insurance provides protection against the cost of extended hospital stays.

Disability income insurance provides benefits that are designed to

A presumption disability clause presumes total disability with certain types of injuries even if the injured can work in some capacity.

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?

Blue Cross/Blue Shield provides prepaid health care to participants.

Terms of payment under your health insurance are governed by

Surgical expenses now generally are reimbursed on the basis of

Which of the following is not a desirable feature in a long-term care policy?

Your right to continue a health insurance policy if you choose is known as

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