Question 1

Which one of the following is true regarding group health insurance?

Accepted Answer

A)  Provides coverage for you and your immediate family
B)  Covers all of your health insurance needs
C)  Comprises 100% of all health insurance issued by health and life insurance companies
D)  Typically covers all of an individual's medical costs
E)  Always requires proof of insurabilityF) None of the above
G) All of the above

Question 2

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 limitationsF) None of the above
G) A) and B)

Question 3

Which health insurance plan directly employs or contracts with selected physicians to provide managed health care services in exchange for a fixed,prepaid monthly premium?

Accepted Answer

A)  Blue Cross
B)  Blue Shield
C)  Medicare
D)  Medicaid
E)  HMOF) C) and E)
G) C) and D)

Question 4

Why does health care cost so much?

Accepted Answer

Answers will vary.The high and rising co...

Question 5

Blue Cross plans provide for surgical and medical services performed by physicians.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following factors has not contributed to rising health costs?

Accepted Answer

A)  An aging population
B)  An overweight population
C)  The cost of prescription drugs
D)  The growing number of insured
E)  Advancements in medical technologyF) B) and D)
G) D) and E)

Question 7

Health insurance is not available from:

Accepted Answer

A)  private insurance companies.
B)  Blue Cross and Blue Shield.
C)  HMOs.
D)  PPOs.
E)  home health care agencies.F) A) and B)
G) B) and D)

Question 8

Identify the sources of health care insurance.

Accepted Answer

Health insurance is available from more ...

Question 9

Darren Chase has an insurance policy that will only pay for a maximum of 60 days of hospitalization during a year.Which provision in his insurance policy would specify this?

Accepted Answer

A)  Eligibility
B)  Assigned benefits
C)  Benefit limits
D)  Guaranteed renewable
E)  ExclusionsF) A) and D)
G) C) and E)

Question 10

Generally,disability income policies with shorter waiting periods have lower premiums.

Accepted Answer

A) True 
 B)False

Question 11

Good disability plans pay when you are unable to work at your regular job; poor disability plans pay only when you are unable to work at any job.

Accepted Answer

A) True 
 B)False

Question 12

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

Accepted Answer

A) True 
 B)False

Question 13

What is one of the best ways for you to avoid the high cost of illness?

Accepted Answer

A)  Get sufficient rest.
B)  Gain a little extra weight.
C)  Smoke and drink.
D)  Drive dangerously.
E)  Avoid relaxation.F) D) and E)
G) A) and E)

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

With disability income insurance,benefits usually begin:

Accepted Answer

A)  on the first day of disability.
B)  between 30 and 90 days after the disability occurs.
C)  on the 10th day of disability.
D)  one year after the start of the disability.
E)  on the 15th day of disability.F) C) and D)
G) B) and E)

Question 16

Which of the following is not listed in your book as offering group health insurance plans?

Accepted Answer

A)  Large government employers
B)  Health and fitness clubs
C)  Labor unions
D)  Professional associations
E)  Large private employersF) A) and B)
G) A) and C)

Question 17

Which health insurance policy pays benefits only when you are hospitalized,but pays these benefits in cash which you can use for medical,nonmedical,or supplementary expenses?

Accepted Answer

A)  Hospital indemnity
B)  Interim or short-term
C)  Disability income
D)  Comprehensive major medical
E)  Major medical expenseF) D) and E)
G) A) and C)

Question 18

Services that may be available in your community to help meet long-term care needs include:

Accepted Answer

A)  visiting nurses
B)  home health aides
C)  home-delivered meals
D)  adult day care centers
E)  All of theseF) A) and B)
G) A) and C)

Question 19

In the U.S.,administrative costs consume nearly ________ percent of health care dollars.

Accepted Answer

A)  1
B)  5
C)  10
D)  11
E)  15F) C) and D)
G) B) and D)

Question 20

A good health insurance plan should impose no unreasonable exclusions.

Accepted Answer

A) True 
 B)False

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

Health insurance is not available from:

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

In the U.S.,administrative costs consume nearly ________ percent of health care dollars.

Correct AnswerverifiedShow Answer

A good health insurance plan should impose no unreasonable exclusions.

Correct AnswerverifiedShow Answer

Which health insurance policy pays benefits only when you are hospitalized,but pays these benefits in cash which you can use for medical,nonmedical,or supplementary expenses?

Correct AnswerverifiedShow Answer

Services that may be available in your community to help meet long-term care needs include:

Correct AnswerverifiedShow Answer

Which of the following is not listed in your book as offering group health insurance plans?

Correct AnswerverifiedShow Answer

What is one of the best ways for you to avoid the high cost of illness?

Correct AnswerverifiedShow Answer

Why does health care cost so much?

Correct AnswerverifiedAnswers will vary.The high and rising co...View AnswerShow Answer

Which health insurance plan directly employs or contracts with selected physicians to provide managed health care services in exchange for a fixed,prepaid monthly premium?

Correct AnswerverifiedShow Answer

Which one of the following is true regarding group health insurance?

Correct AnswerverifiedShow Answer

Which of the following factors has not contributed to rising health costs?

Correct AnswerverifiedShow Answer

Identify the sources of health care insurance.

Correct AnswerverifiedHealth insurance is available from more ...View AnswerShow Answer

Generally,disability income policies with shorter waiting periods have lower premiums.

Correct AnswerverifiedShow Answer

Darren Chase has an insurance policy that will only pay for a maximum of 60 days of hospitalization during a year.Which provision in his insurance policy would specify this?

Correct AnswerverifiedShow Answer

Good disability plans pay when you are unable to work at your regular job; poor disability plans pay only when you are unable to work at any job.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

With disability income insurance,benefits usually begin:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Blue Cross plans provide for surgical and medical services performed by physicians.

Correct AnswerverifiedShow Answer

Correct Answer
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Answers will vary.The high and rising co...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Health insurance is available from more ...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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