Question 1

The percentage of income spent on housing in 2000 was higher for younger people than for older people.

Accepted Answer

A) True 
 B)False  False

Question 2

Medicare is characterized by all of the following EXCEPT

Accepted Answer

A)  it has a premium. 
B)  it includes coverage of most parts of the body that change with age. 
C)  it is part of the Social Security system. 
D)  it is the main insurer of persons over 65 years of age. 
A)  it has a premium. 
B)  it includes coverage of most parts of the body that change with age. 
C)  it is part of the Social Security system. 
D)  it is the main insurer of persons over 65 years of age. B

Question 3

The idea of privatizing Social Security would

Accepted Answer

A)  make payments towards retirement optional. 
B)  invest mandatory payments into the stock market. 
C)  allow workers to invest their Social Security taxes into a self-employed business. 
D)  put mandatory payments into a savings account with a private banking institution. 
A)  make payments towards retirement optional. 
B)  invest mandatory payments into the stock market. 
C)  allow workers to invest their Social Security taxes into a self-employed business. 
D)  put mandatory payments into a savings account with a private banking institution. B

Question 4

It is estimated that in 2007, percent of elders owned their own homes free and clear

Accepted Answer

A)  26 
B)  45 
C)  68 
D)  less than 10 
A)  26 
B)  45 
C)  68 
D)  less than 10

Question 5

Under the Social Security law, to receive her husband's benefits a woman must have been married to him at least

Accepted Answer

A)  5 years. 
B)  10 years. 
C)  15 years. 
D)  20 years. 
A)  5 years. 
B)  10 years. 
C)  15 years. 
D)  20 years.

Question 6

Medigap policies are

Accepted Answer

A)  government subsidized insurance policies for the elderly to cover long-term nursing home care. 
B)  supplemental government-funded insurance for the oldest-old (age 80 and up). 
C)  policies sold by private companies to provide health care protection that Medicare does not provide. 
D)  insurance policies provided by the government for people 55 years of age and older who choose to retire but do not yet qualify for Social Security. 
A)  government subsidized insurance policies for the elderly to cover long-term nursing home care. 
B)  supplemental government-funded insurance for the oldest-old (age 80 and up). 
C)  policies sold by private companies to provide health care protection that Medicare does not provide. 
D)  insurance policies provided by the government for people 55 years of age and older who choose to retire but do not yet qualify for Social Security.

Question 7

An income tax levied on higher income Social Security beneficiaries affects the more well-to­do who invest in
dividend stocks.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following categories of elderly are LEAST likely to be in poverty?

Accepted Answer

A)  women 
B)  ethnic minorities 
C)  the oldest old 
D)  men 
A)  women 
B)  ethnic minorities 
C)  the oldest old 
D)  men

Question 9

Supplemental Security Income (SSI)

Accepted Answer

A)  provides a minimum income for elders, the blind, and the disabled. 
B)  does not vary by state. 
C)  eligibility is based solely on income, not assets. 
D)  allows for special circumstances, such as illness of a spouse. 
A)  provides a minimum income for elders, the blind, and the disabled. 
B)  does not vary by state. 
C)  eligibility is based solely on income, not assets. 
D)  allows for special circumstances, such as illness of a spouse.

Question 10

Many working women receive none of the money they paid into Social Security.

Accepted Answer

A) True 
 B)False

Question 11

Social Security began in

Accepted Answer

A)  1920 to provide income for elderly farmers who could no longer work their farms. 
B)  1935 to counteract the effects of the Great Depression. 
C)  1945 to guarantee income for elderly war veterans. 
D)  1972 to provide income for elderly widows. 
A)  1920 to provide income for elderly farmers who could no longer work their farms. 
B)  1935 to counteract the effects of the Great Depression. 
C)  1945 to guarantee income for elderly war veterans. 
D)  1972 to provide income for elderly widows.

Question 12

"Economically vulnerable" is considered to be an economic state that creates a cohort of older adults which social
services cannot assist.

Accepted Answer

A) True 
 B)False

Question 13

Medicare, when combined with Medicaid, will cover all medical expenses when one is over age 65.

Accepted Answer

A) True 
 B)False

Question 14

In 1945, 42 workers supported one retiree; today, workers support a retiree.

Accepted Answer

A)  3 
B)  5 
C)  12 
D)  24 
A)  3 
B)  5 
C)  12 
D)  24

Question 15

Elders spend about percent of the money used for health care.

Accepted Answer

A)  15 to 20 
B)  20 to 25 
C)  25 to 30 
D)  30 to 40 
E)  40 to 50 
A)  15 to 20 
B)  20 to 25 
C)  25 to 30 
D)  30 to 40 
E)  40 to 50

Question 16

In 1994, about percent of all income received by older people was from Social Security.

Accepted Answer

A)  20 
B)  30 
C)  40 
D)  50 
A)  20 
B)  30 
C)  40 
D)  50

Question 17

A good education contributes to income and wealth during the elderly years.

Accepted Answer

A) True 
 B)False

Question 18

account for the greatest percentage of Medicaid subscribers

Accepted Answer

A)  Dependent children 
B)  Women age 45-65 
C)  Men age 45-65 
D)  Men and women over age 65 
A)  Dependent children 
B)  Women age 45-65 
C)  Men age 45-65 
D)  Men and women over age 65

Question 19

In the model of medical service, a Medicare beneficiary can visit any doctor specified in the health care network or a doctor outside of the network for an additional cost.

Accepted Answer

A)  fee-for-service 
B)  Health Maintenance Organization (HMO) 
C)  Preferred Provider Organization (PPO) 
D)  Provider-Sponsored Organization (PSO) 
A)  fee-for-service 
B)  Health Maintenance Organization (HMO) 
C)  Preferred Provider Organization (PPO) 
D)  Provider-Sponsored Organization (PSO)

Question 20

Social Security was designed to provide the total income of aged people.

Accepted Answer

A) True 
 B)False

The percentage of income spent on housing in 2000 was higher for younger people than for older people.

Medicare is characterized by all of the following EXCEPT

The idea of privatizing Social Security would

It is estimated that in 2007, percent of elders owned their own homes free and clear

Under the Social Security law, to receive her husband's benefits a woman must have been married to him at least

Medigap policies are

An income tax levied on higher income Social Security beneficiaries affects the more well-todo who invest in dividend stocks.

Which of the following categories of elderly are LEAST likely to be in poverty?

Supplemental Security Income (SSI)

Many working women receive none of the money they paid into Social Security.

Social Security began in

"Economically vulnerable" is considered to be an economic state that creates a cohort of older adults which social services cannot assist.

Medicare, when combined with Medicaid, will cover all medical expenses when one is over age 65.

In 1945, 42 workers supported one retiree; today, workers support a retiree.

Elders spend about percent of the money used for health care.

In 1994, about percent of all income received by older people was from Social Security.

A good education contributes to income and wealth during the elderly years.

account for the greatest percentage of Medicaid subscribers

In the model of medical service, a Medicare beneficiary can visit any doctor specified in the health care network or a doctor outside of the network for an additional cost.

Social Security was designed to provide the total income of aged people.

Aging in America

Stereotypes and Images

Social and Psychological Theories in Later Life Development

Physical Health and Well Being

Mental Health

Friends, Family, and Community

Intimacy and Sexuality

Work and Leisure

Living Environments

The Oldest Old and Caregiving

Special Problems

Women and Ethnic Groups

Death and Dying

Politics, Policies, and Programs

Filters

Exam 9: Finances and Lifestyles

The percentage of income spent on housing in 2000 was higher for younger people than for older people.

Medicare is characterized by all of the following EXCEPT

The idea of privatizing Social Security would

It is estimated that in 2007, percent of elders owned their own homes free and clear

Under the Social Security law, to receive her husband's benefits a woman must have been married to him at least

Medigap policies are

An income tax levied on higher income Social Security beneficiaries affects the more well-to­do who invest in dividend stocks.

Which of the following categories of elderly are LEAST likely to be in poverty?

Supplemental Security Income (SSI)

Many working women receive none of the money they paid into Social Security.

Social Security began in

"Economically vulnerable" is considered to be an economic state that creates a cohort of older adults which social services cannot assist.

Medicare, when combined with Medicaid, will cover all medical expenses when one is over age 65.

In 1945, 42 workers supported one retiree; today, workers support a retiree.

Elders spend about percent of the money used for health care.

In 1994, about percent of all income received by older people was from Social Security.

A good education contributes to income and wealth during the elderly years.

account for the greatest percentage of Medicaid subscribers

In the model of medical service, a Medicare beneficiary can visit any doctor specified in the health care network or a doctor outside of the network for an additional cost.

Social Security was designed to provide the total income of aged people.

Aging in America

Stereotypes and Images

Social and Psychological Theories in Later Life Development

Physical Health and Well Being

Mental Health

Friends, Family, and Community

Intimacy and Sexuality

Work and Leisure

Living Environments

The Oldest Old and Caregiving

Special Problems

Women and Ethnic Groups

Death and Dying

Politics, Policies, and Programs

Filters

An income tax levied on higher income Social Security beneficiaries affects the more well-todo who invest in dividend stocks.