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Exam 9: Insuring Your Health

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Question 31

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INSTRUCTIONS: 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. -During the past few decades,the percent of our income that we as a nation spend on health care has [increased | decreased].

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Question 32

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Joe has a disability income policy that pays a monthly benefit of $1,200.Joe has been disabled for 30 days,but he only received a check in the amount of $600 from his disability insurance.What is probably the reason that he only received $600?

A) The policy has a deductible of $600.
B) The elimination period is 15 days.
C) The policy has a 50% coinsurance clause.
D) Joe is considered to be only 50% disabled.
E) Joe has only owned the policy for 6 months.

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Question 33

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INSTRUCTIONS: 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 there is a co-insurance or participation clause in a health insurance policy,the amount the insurance will pay is computed [before | after] the deductible is paid.

Which of the following statements is true about a guaranteed renewable long-term care policy?

INSTRUCTIONS: 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 dental insurance is written through [group | individual] policies.

The major emphasis of dental insurance is to cover only extractions and x-rays.

When trying to determine your disability income needs,you should consider available sick leave,income needs,and

The usual,customary,and reasonable (UCR) charges are important to insured persons that are covered by

INSTRUCTIONS: 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. -Surgical expense insurance would pay for cosmetic surgery [for a face lift | to reduce the size of your nose].

____ is not a factor in rising health care costs.

Specified accident or sickness policies are suitable substitutes for disability income protection.

INSTRUCTIONS: 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. -Large employers are less likely to offer health insurance to their employees than small employers.

INSTRUCTIONS: 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. -Hospital insurance would pay the costs for room and board and [the use of an operating room | the fee charged by the surgeon].

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

INSTRUCTIONS: 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. -The average age of the American population is [decreasing | increasing].

Long-term care insurance can cover both nursing home and home health care.

Which of the following best describes a custodial care facility?

INSTRUCTIONS: 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. -The longer the elimination or waiting period in your disability income policy,the [higher | lower] the premiums.

INSTRUCTIONS: 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. -The cost of health insurance provided by employers has [risen | remained steady] during the past decade.

INSTRUCTIONS: 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. -Hospital insurance policies will pay for all hospital expenditures most of the time.