Exam 9: Insuring Your Health

Your bill for consultation with a specialist would ordinarily be paid by physicians expense insurance.

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 the [employees | employers].

Health insurance policies automatically cover all family members.

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 [does | does not] have a deductible.

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. -A coordination of benefits provision in a health care policy would [aid | prohibit] collecting more than 100 percent of covered charges by collecting benefits in multiple payments for health care.

The insurance designed to help with nursing home or in-home care due to chronic illness is called:

Health Maintenance Organizations (HMOs)provide prepaid health care to participants.

Activities of daily living (ADLs)are important in determining _____ for long-term care insurance.

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].

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. -Scheduled surgical benefits tend to be [very close to | way below] what most surgeons will charge.

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?

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.

Increasing the deductible is likely to lower the premium on a comprehensive major medical policy.

Insurers are required to cover people with pre-existing medical conditions without limiting or setting unrealistically high insurance rates.

Disability income benefits under social security are automatically adjusted periodically for cost of living increases.

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

Major medical plans are characterized by deductibles,internal limits,and:

Hospitalization insurance pays daily room and board charges up to a specified number of days and reimburses for ancillary charges up to a specified dollar amount.

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. -Physicians expense insurance [would | would not] pay for the cost of a routine office call.

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].