Question 1

A group HMO employs a group of doctors to provide healthcare services to members in a central facility.

Accepted Answer

A) True 
 B)False

Question 2

Most major medical insurance plans feature a calendar-year,all-inclusive deductible.

Accepted Answer

A) True 
 B)False

Question 3

Under the ACA,family health care insurers must allow parents to retain their children on their health plans up to age 28.

Accepted Answer

A) True 
 B)False

Question 4

Major medical plans supplement the basic coverage of hospital,surgical,and physician's expense insurance.

Accepted Answer

A) True 
 B)False

Question 5

Jackie pays $20 every time she visits her doctor.She is covered by a(n)

Accepted Answer

A) HMO. 
B) IPA. 
C) PPO. 
D) indemnity plan. 
E) a, b, or c 
A) HMO. 
B) IPA. 
C) PPO. 
D) indemnity plan. 
E) a, b, or c

Question 6

If your employment is terminated,COBRA provides for

Accepted Answer

A) cancellation of all group insurance benefits. 
B) continuation of group insurance benefits until you are reemployed. 
C) permanent continuation of group health insurance. 
D) temporary continuation of group insurance benefits; you pay premiums. 
E) temporary continuation of group insurance benefits; employer pays premiums. 
A) cancellation of all group insurance benefits. 
B) continuation of group insurance benefits until you are reemployed. 
C) permanent continuation of group health insurance. 
D) temporary continuation of group insurance benefits; you pay premiums. 
E) temporary continuation of group insurance benefits; employer pays premiums.

Question 7

A stop-loss provision places a cap on the amount of participation required.

Accepted Answer

A) True 
 B)False

Question 8

Losing your job triggers a "qualifying life event" that allows you to obtain new insurance outside the normal enrollment window.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is a public assistance program that provides health insurance benefits only to those who are unable to pay for healthcare?

Accepted Answer

A) Medicare 
B) Medicaid 
C) Blue Cross/Blue Shield 
D) Social Security disability benefits 
E) Worker's compensation 
A) Medicare 
B) Medicaid 
C) Blue Cross/Blue Shield 
D) Social Security disability benefits 
E) Worker's compensation

Question 10

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.
-"Long-term care" is a term used to describe [nursing home | extended hospital].

Accepted Answer

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

Question 11

One drawback of long-term care insurance is its

Accepted Answer

A) high annual premiums. 
B) overlap with Medicare. 
C) inability to cover custodial care. 
D) relatively high deductible. 
E) relatively high coinsurance requirement. 
A) high annual premiums. 
B) overlap with Medicare. 
C) inability to cover custodial care. 
D) relatively high deductible. 
E) relatively high coinsurance requirement.

Question 12

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

Accepted Answer

A) True 
 B)False

Question 13

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.
-[Medicare | Medicaid] makes health care payments available for anyone over age 65.

Accepted Answer

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

Question 14

Which of the following statements is true about the means (income)testing for Medicare?

Accepted Answer

A) there are strictly enforced income limits that are based on federal standards but may vary slightly by state. 
B) limits apply to the amount of counted assets individuals can have, but they are routinely overlooked. 
C) means testing is intended to ensure that only the truly needy get access to Medicare. 
D) there is an asset test and an income test. 
E) Medicare is not income tested. 
A) there are strictly enforced income limits that are based on federal standards but may vary slightly by state. 
B) limits apply to the amount of counted assets individuals can have, but they are routinely overlooked. 
C) means testing is intended to ensure that only the truly needy get access to Medicare. 
D) there is an asset test and an income test. 
E) Medicare is not income tested.

Question 15

Supplementary medical insurance (SMI)is a voluntary participatory program,commonly known as Medicare Part B.

Accepted Answer

A) True 
 B)False

Question 16

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.
-The longer the elimination or waiting period in your disability income policy,the [higher | lower] the premiums.

Accepted Answer

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

Question 17

Comprehensive major medical insurance provides the most complete coverage available.

Accepted Answer

A) True 
 B)False

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.
-The amount of health insurance reimbursement actually paid may be reduced by [internal limits | co-payment caps].

Accepted Answer

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

Question 19

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 20

Advances in medical technology,prescriptions drugs,and treatments have substantially reduced health care costs in recent decades.

Accepted Answer

A) True 
 B)False

A group HMO employs a group of doctors to provide healthcare services to members in a central facility.

Most major medical insurance plans feature a calendar-year,all-inclusive deductible.

Under the ACA,family health care insurers must allow parents to retain their children on their health plans up to age 28.

Major medical plans supplement the basic coverage of hospital,surgical,and physician's expense insurance.

Jackie pays $20 every time she visits her doctor.She is covered by a(n)

If your employment is terminated,COBRA provides for

A stop-loss provision places a cap on the amount of participation required.

Losing your job triggers a "qualifying life event" that allows you to obtain new insurance outside the normal enrollment window.

Which of the following is a public assistance program that provides health insurance benefits only to those who are unable to pay for healthcare?

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. -"Long-term care" is a term used to describe [nursing home | extended hospital].

One drawback of long-term care insurance is its

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

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. -[Medicare | Medicaid] makes health care payments available for anyone over age 65.

Which of the following statements is true about the means (income)testing for Medicare?

Supplementary medical insurance (SMI)is a voluntary participatory program,commonly known as Medicare Part B.

Comprehensive major medical insurance provides the most complete coverage available.

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.

Advances in medical technology,prescriptions drugs,and treatments have substantially reduced health care costs in recent decades.

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 group HMO employs a group of doctors to provide healthcare services to members in a central facility.

Most major medical insurance plans feature a calendar-year,all-inclusive deductible.

Under the ACA,family health care insurers must allow parents to retain their children on their health plans up to age 28.

Major medical plans supplement the basic coverage of hospital,surgical,and physician's expense insurance.

Jackie pays $20 every time she visits her doctor.She is covered by a(n)

If your employment is terminated,COBRA provides for

A stop-loss provision places a cap on the amount of participation required.

Losing your job triggers a "qualifying life event" that allows you to obtain new insurance outside the normal enrollment window.

Which of the following is a public assistance program that provides health insurance benefits only to those who are unable to pay for healthcare?

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. -"Long-term care" is a term used to describe [nursing home | extended hospital].

One drawback of long-term care insurance is its

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

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. -[Medicare | Medicaid] makes health care payments available for anyone over age 65.

Which of the following statements is true about the means (income)testing for Medicare?

Supplementary medical insurance (SMI)is a voluntary participatory program,commonly known as Medicare Part B.

Comprehensive major medical insurance provides the most complete coverage available.

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.

Advances in medical technology,prescriptions drugs,and treatments have substantially reduced health care costs in recent decades.

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