Exam 9: Insuring Your Health

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. -Your health insurance will usually pay [the same | less] for mental health problems compared to physical problems.

The Affordable Health Care Act's expenditures are most likely financed by all of the following except:

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 Advantage policies require payment from the policyholder in the form of [deductibles and co-insurance | co-payments].

Gabe is 58 years old and has been dependent on a care for a couple of years.Gabe fears that he may need long-term care services some day in the future.His net worth is $400,000 and he receives $50,000 per year in a pension.He considers himself to be in excellent health and has never had a serious health scare like a heart attack,stroke,or cancer.He eats lots of bran and exercises regularly.Which of the following policies would you recommend to Gabe?

If your employment is terminated,COBRA provides for:

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

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 [require | do not require] members to pick one primary care physician.

Insurers are required under the law to cover the children of those they insure up to the age of 21.

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 would pay [the entire | part of the] hospital bill for a covered person.

Hospitalization insurance policies will pay for all hospital expenditures most of the time.

If you lose your job,Consolidated Omnibus Budget Reconciliation Act (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.

Terms of payment under your health insurance are governed by:

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

Point-of-service (POS)plans are hybrid HMOs that allow members to go outside of network.