Question 1

Which provision in a health insurance policy states that you will pay a flat dollar amount each time you receive a covered medical service?

Accepted Answer

A)  Daily benefit
B)  Benefit period
C)  Policy limit
D)  Elimination period
E)  Copayment

Question 2

Which type of health insurance is a poor value?

Accepted Answer

A)  Individual health
B)  Group health
C)  Dread disease
D)  Dental
E)  Vision

Question 3

Dean Thomas has an insurance policy that cannot be cancelled unless he fails to pay his premium when due.Which provision in his insurance policy would specify this?

Accepted Answer

A)  Eligibility
B)  Assigned benefits
C)  Benefit limits
D)  Guaranteed renewable
E)  Exclusions and limitations

Question 4

You should look for a disability income policy that waives premium payments while you are disabled.

Accepted Answer

A) True 
 B)False

Question 5

What are the primary sources of government health care insurance?

Accepted Answer

The federal government and state governm...

Question 6

Basic health insurance coverage includes hospital expense insurance,surgical expense insurance,and physician expense insurance.

Accepted Answer

A) True 
 B)False

Question 7

Dread disease and cancer policies are usually very good values.

Accepted Answer

A) True 
 B)False

Question 8

Jose Gonzales is purchasing disability income insurance.He should aim for a benefit amount that,when added to other income,will equal _____ percent of his gross pay.

Accepted Answer

A)  40
B)  50 to 60
C)  60 to 70
D)  70 to 80
E)  90

Question 9

Medicare covers the cost of care in what countries besides the United States?

Accepted Answer

A)  Mexico
B)  Canada
C)  Germany
D)  Mexico and Canada
E)  Mexico, Canada, and Germany D

Question 10

Because you feel young and healthy now,you may overlook the very real need for which type of insurance?

Accepted Answer

A)  Disability income
B)  Automobile
C)  Dental
D)  Vision care
E)  Liability

Question 11

Care in a skilled nursing facility beyond 100 days per benefit period is approved and covered by Medicare.

Accepted Answer

A) True 
 B)False  False

Question 12

What can you do to responsibly reduce your personal health care costs?

Accepted Answer

A)  Get some exercise.
B)  Gain a little extra weight.
C)  Smoke and drink.
D)  Drive dangerously.
E)  Avoid relaxation.

Question 13

____________ is a type of major medical insurance that has a very low deductible amount and is offered without a separate basic plan.

Accepted Answer

A)  Comprehensive major medical insurance
B)  Major Medical expense insurance
C)  Physician's expense insurance
D)  Hospital expense insurance
E)  Surgical expense insurance

Question 14

Which medical expense is covered by Medicare?

Accepted Answer

A)  Acupuncture
B)  Vaccinations
C)  Private-duty nursing
D)  Routine checkups
E)  Hospice care

Question 15

A good health insurance plan should offer basic coverage for hospital and doctor bills.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following plans is a hybrid that combines characteristics of both HMOs and PPOs?

Accepted Answer

A)  Medicaid
B)  PPO
C)  POS
D)  EPO
E)  Medicare C

Question 17

Renee Crowgy's health insurance policy includes a $500 deductible and a coinsurance provision requiring her to pay 20 percent thereafter.Her medical bills total $5,500.What amount is she required to pay personally?

Accepted Answer

A)  $1,500
B)  $500
C)  $1,000
D)  $5,000
E)  $5,500

Question 18

Hospital expense insurance pays part or the full amount of hospital bills for room,board,and other charges.

Accepted Answer

A) True 
 B)False

Question 19

Medicare covers routine checkups,dental care,most immunizations,cosmetic surgery,routine foot care,eyeglasses,and hearing aids.

Accepted Answer

A) True 
 B)False

Question 20

Medicare covers the cost of care received outside the United States,Canada,and Mexico.

Accepted Answer

A) True 
 B)False

Exam 11: Health, Disability, and Long-Term Care Insurance

Which provision in a health insurance policy states that you will pay a flat dollar amount each time you receive a covered medical service?

Correct AnswerverifiedShow Answer

Which type of health insurance is a poor value?

Correct AnswerverifiedShow Answer

Dean Thomas has an insurance policy that cannot be cancelled unless he fails to pay his premium when due.Which provision in his insurance policy would specify this?

Correct AnswerverifiedShow Answer

You should look for a disability income policy that waives premium payments while you are disabled.

Correct AnswerverifiedShow Answer

What are the primary sources of government health care insurance?

Correct AnswerverifiedThe federal government and state governm...View AnswerShow Answer

Basic health insurance coverage includes hospital expense insurance,surgical expense insurance,and physician expense insurance.

Correct AnswerverifiedShow Answer

Dread disease and cancer policies are usually very good values.

Correct AnswerverifiedShow Answer

Jose Gonzales is purchasing disability income insurance.He should aim for a benefit amount that,when added to other income,will equal _____ percent of his gross pay.

Correct AnswerverifiedShow Answer

Medicare covers the cost of care in what countries besides the United States?

Correct AnswerverifiedD

Because you feel young and healthy now,you may overlook the very real need for which type of insurance?

Correct AnswerverifiedShow Answer

Care in a skilled nursing facility beyond 100 days per benefit period is approved and covered by Medicare.

Correct AnswerverifiedFalse

What can you do to responsibly reduce your personal health care costs?

Correct AnswerverifiedShow Answer

____________ is a type of major medical insurance that has a very low deductible amount and is offered without a separate basic plan.

Correct AnswerverifiedShow Answer

Which medical expense is covered by Medicare?

Correct AnswerverifiedShow Answer

A good health insurance plan should offer basic coverage for hospital and doctor bills.

Correct AnswerverifiedShow Answer

Which of the following plans is a hybrid that combines characteristics of both HMOs and PPOs?

Correct AnswerverifiedC

Renee Crowgy's health insurance policy includes a $500 deductible and a coinsurance provision requiring her to pay 20 percent thereafter.Her medical bills total $5,500.What amount is she required to pay personally?

Correct AnswerverifiedShow Answer

Hospital expense insurance pays part or the full amount of hospital bills for room,board,and other charges.

Correct AnswerverifiedShow Answer

Medicare covers routine checkups,dental care,most immunizations,cosmetic surgery,routine foot care,eyeglasses,and hearing aids.

Correct AnswerverifiedShow Answer

Medicare covers the cost of care received outside the United States,Canada,and Mexico.

Correct AnswerverifiedShow Answer

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The federal government and state governm...
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D

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False

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C

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