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Exam 9: Insuring Your Health

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Question 71

Multiple Choice

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A comprehensive major medical insurance would not:

A) have a large deductible.
B) include basic hospital coverage.
C) provide surgical expense coverage.
D) include medical expense coverage.
E) include a per diem while in the hospital.

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Question 72

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Disability occurs only when someone is completely incapable of returning to work.

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Question 73

Multiple Choice

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Which of the following best describes a "pre-existing condition"?

Which of the following types of plans pays for some medical costs even when the insured decides to go out of the provider network (without a referral) for services?

Some surgical expense insurance pays a specific amount for a list of various types of surgery.

Who among the following is most likely to need and be able to obtain a long-term care policy?

You would have a better chance to choose your own doctor with a PPO rather than an HMO.

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. -Disability income benefits are taxable when the policy premiums were paid by the [employer | employee].

A managed care plan is a healthcare plan that emphasizes cost control and preventative treatment.

Most disabilities are permanent.

Miscellaneous sources of health care coverage include:

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. -When purchasing a long-term care policy,the [guaranteed renewability | optional renewability] provision is recommended.

Disability income insurance provides benefits that are designed to:

Group health insurance premiums are usually lower than individual health insurance premiums.

Typically group health insurance plans provide substantially less comprehensive coverage than the average individually underwritten policy.

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. -Dependent children [regardless of age | up to a stated maximum age] will usually be covered by your health insurance policy.

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. -Most commonly,the deductible in a health insurance policy is on [an annual | a per incident] basis.

Mental illness is normally not covered in health insurance policies.

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. -One difference between health maintenance organizations (HMOs)and individual practice associations (IPAs)is that [HMOs cost much less | IPAs do not provide services from a central location].

If you are trying to keep your disability income premiums reasonably priced but still appropriate for insuring your financial needs,select a short elimination period and a short duration of benefits.