Question 1

HMOs require members to pick one primary care physician.

Accepted Answer

A) True 
 B)False

Question 2

Most people do not get protection against:

Accepted Answer

A)  the loss of income because of disability. 
B)  a specific dread disease. 
C)  medical and rehabilitation expenses. 
D)  nursing home costs. 
E)  in-hospital services. 
A)  the loss of income because of disability. 
B)  a specific dread disease. 
C)  medical and rehabilitation expenses. 
D)  nursing home costs. 
E)  in-hospital services.

Question 3

The medicare co-insurance 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 4

All Americans are required to have or buy health insurance in 2014 or pay a penalty.

Accepted Answer

A) True 
 B)False

Question 5

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.
-Workers compensation would make payments to an injured worker [if he had been hurt on the job | only if he could prove negligence on the part of his employer].

Accepted Answer

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

Question 6

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

Accepted Answer

A) True 
 B)False

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.
-After passage of the Affordable Health Care Act,many HMOs [allow | do not allow] out-of-network coverage.

Accepted Answer

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

Question 8

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 9

Comprehensive major medical plans simply increases the policy limits of major medical insurance without changing the coverage.

Accepted Answer

A) True 
 B)False

Question 10

Millions of Americans are not covered by health insurance.

Accepted Answer

A) True 
 B)False

Question 11

Hospital expense coverage is adequate for long-term or catastrophic medical needs of most people.

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.
-If you are laid off,your group health insurance [can be continued at the employer's option | must be continued if you pay the premiums].

Accepted Answer

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

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.
-An individual receiving health care [could | could not] receive multiple payments from more than one insurance company for this care.

Accepted Answer

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

Question 14

Social security is primarily designed to provide health care coverage to persons who are aged _____ and those who are _____.

Accepted Answer

A)  55 and over; collecting disability under Social Security 
B)  60 and over; collecting disability under Social Security 
C)  65 and over; collecting disability under Social Security 
D)  60 and over; low income 
A)  55 and over; collecting disability under Social Security 
B)  60 and over; collecting disability under Social Security 
C)  65 and over; collecting disability under Social Security 
D)  60 and over; low income

Question 15

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)  Could be any of these except the indemnity plan. 
A)  HMO. 
B)  IPA. 
C)  PPO. 
D)  Indemnity plan. 
E)  Could be any of these except the indemnity plan.

Question 16

Workers compensation may trigger coverage in a disability income policy.

Accepted Answer

A) True 
 B)False

Question 17

Nick has a comprehensive health care policy with a $250 per calendar year deductible and 80%-20% with a maximum $1,000 co-payment cap per calendar year.In January,Nick had a $600 claim which the insurance company paid $280.Nick experiences another unrelated claim in October resulting in total bills of $5,000.How much will Nick have to pay for the second claim?

Accepted Answer

A)  $5,000 
B)  $3,930 
C)  $1,800 
D)  $ 930 
E)  none of the above 
A)  $5,000 
B)  $3,930 
C)  $1,800 
D)  $ 930 
E)  none of the above

Question 18

Generally,insurance is more reasonably priced through group plans than as individual policies.

Accepted Answer

A) True 
 B)False

Question 19

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 Ben'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 20

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)  no 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)  no premium for workers and dependents.

HMOs require members to pick one primary care physician.

Most people do not get protection against:

The medicare co-insurance payment is usually:

All Americans are required to have or buy health insurance in 2014 or pay a penalty.

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

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. -After passage of the Affordable Health Care Act,many HMOs [allow | do not allow] out-of-network 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.

Comprehensive major medical plans simply increases the policy limits of major medical insurance without changing the coverage.

Millions of Americans are not covered by health insurance.

Hospital expense coverage is adequate for long-term or catastrophic medical needs of most people.

Social security is primarily designed to provide health care coverage to persons who are aged _ and those who are _.

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

Workers compensation may trigger coverage in a disability income policy.

Generally,insurance is more reasonably priced through group plans than as individual policies.

The majority of employers pay:

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

HMOs require members to pick one primary care physician.

Most people do not get protection against:

The medicare co-insurance payment is usually:

All Americans are required to have or buy health insurance in 2014 or pay a penalty.

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

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.

Comprehensive major medical plans simply increases the policy limits of major medical insurance without changing the coverage.

Millions of Americans are not covered by health insurance.

Hospital expense coverage is adequate for long-term or catastrophic medical needs of most people.

Social security is primarily designed to provide health care coverage to persons who are aged _____ and those who are _____.

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

Workers compensation may trigger coverage in a disability income policy.

Generally,insurance is more reasonably priced through group plans than as individual policies.

The majority of employers pay:

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

Social security is primarily designed to provide health care coverage to persons who are aged _ and those who are _.