Question 1

If your employer pays the premium for long-term care,then the ________ treats it as a tax-deductible expense for the employer.

Accepted Answer

A)  National Association of Insurance Commissioners
B)  U) S.Administration on Aging
C)  Medicare.gov
D)  Longtermcare.gov
E)  Health Insurance Portability and Accountability Act of 1996

Question 2

The hospital indemnity policy is a good substitute for basic or major medical protection.

Accepted Answer

A) True 
 B)False

Question 3

A recent study by Americans for Long-Term Care Security found that one out of five Americans over age 30 is at risk of needing some form of long-term care within the next 12 months.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following is not a way that you can reduce your own medical costs?

Accepted Answer

A)  Ask your physician and pharmacist if a less expensive generic drug is available.
B)  Save time and do not review billing statements from medical providers.
C)  Practice preventative care and stay well.
D)  Consider participating in a flexible spending account if your employer offers it.
E)  Ask your doctor if you can follow up by phone instead of visiting the office.

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

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 7

Many employers provide disability income protection for their employees through group insurance plans.

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

Sophie Bennett has personally paid a total of $6,000 in medical costs this year,which is the out-of-pocket limit listed in her insurance plan.At this point,there is a provision in her insurance contract that requires her insurance company to pay 100% of her medical costs for the remainder of the year.What provision is this likely to be?

Accepted Answer

A)  Coordination of benefits
B)  Hospital indemnity clause
C)  Coinsurance
D)  Stop-loss provision
E)  Major medical expense provision

Question 10

Marcia Fuller has an insurance policy that she and her three daughters,ages 5,9,and 11,are entitled to benefits under.Which provision in her insurance policy is defined by this list of covered members?

Accepted Answer

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

Question 11

Which provision in a health insurance policy explains the circumstances under which the insurance company can end your health insurance policy?

Accepted Answer

A)  Coordination of benefits
B)  Assigned benefits
C)  Cancellation and termination
D)  Guaranteed renewable
E)  Exclusions and limitations

Question 12

Medicare medical insurance is:

Accepted Answer

A)  mandatory.
B)  financed by corporations.
C)  voluntary,and you must sign up for coverage.
D)  state supported and partially funded by the National Institutes of Health.
E)  paid for by state governments.

Question 13

Every year,what percent of the adult U.S.population suffers a long-term disability?

Accepted Answer

A)  12
B)  14
C)  18
D)  23
E)  25

Question 14

Besides preventive care,HMOs provide a comprehensive range of other health care services.What are they?

Accepted Answer

These services are divided into two cate...

Question 15

Which type of insurance is usually bought in combination with hospital expense and surgical expense insurance?

Accepted Answer

A)  Disability income
B)  Comprehensive major medical
C)  Umbrella
D)  Hospital indemnity
E)  Physician's expense

Question 16

Physician expense insurance helps pay for physician's care that does not involve surgery.

Accepted Answer

A) True 
 B)False

Question 17

What are some things that you can do to reduce your personal health care costs?

Accepted Answer

Answers will vary.As health care costs c...

Question 18

Good disability plans pay when you are:

Accepted Answer

A)  unable to work at your regular job.
B)  unable to work at any job.
C)  unable to work at a related job.
D)  ill even for a short period.
E)  fired from your regular job.

Question 19

Which of the following requires large employers to provide health insurance coverage to all employees?

Accepted Answer

A)  The COBRA of 1986
B)  The HIPAA of 1996
C)  The Centers for Medicaid Services
D)  The Centers for Medicare Services
E)  The Tax Cuts and Jobs Act of 2017

Question 20

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

Accepted Answer

A) True 
 B)False

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

Physician expense insurance helps pay for physician's care that does not involve surgery.

Correct Answer
verified

The hospital indemnity policy is a good substitute for basic or major medical protection.

Correct Answer
verified

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

Correct Answer
verified

Medicare medical insurance is:

Correct Answer
verified

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

Correct Answer
verified

Which of the following is not a way that you can reduce your own medical costs?

Correct Answer
verified

Every year,what percent of the adult U.S.population suffers a long-term disability?

Correct Answer
verified

Correct Answer
verified

Good disability plans pay when you are:

Correct Answer
verified

What are some things that you can do to reduce your personal health care costs?

Correct Answer
verified
Answers will vary.As health care costs c...
View Answer

If your employer pays the premium for long-term care,then the ________ treats it as a tax-deductible expense for the employer.

Correct Answer
verified

Which of the following requires large employers to provide health insurance coverage to all employees?

Correct Answer
verified

Which type of insurance is usually bought in combination with hospital expense and surgical expense insurance?

Correct Answer
verified

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

Correct Answer
verified

Many employers provide disability income protection for their employees through group insurance plans.

Correct Answer
verified

A recent study by Americans for Long-Term Care Security found that one out of five Americans over age 30 is at risk of needing some form of long-term care within the next 12 months.

Correct Answer
verified

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 Answer
verified

Besides preventive care,HMOs provide a comprehensive range of other health care services.What are they?

Correct Answer
verified
These services are divided into two cate...
View Answer

Marcia Fuller has an insurance policy that she and her three daughters,ages 5,9,and 11,are entitled to benefits under.Which provision in her insurance policy is defined by this list of covered members?

Correct Answer
verified

Which provision in a health insurance policy explains the circumstances under which the insurance company can end your health insurance policy?

Correct Answer
verified

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

Physician expense insurance helps pay for physician's care that does not involve surgery.

Correct AnswerverifiedShow Answer

The hospital indemnity policy is a good substitute for basic or major medical protection.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Medicare medical insurance is:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which of the following is not a way that you can reduce your own medical costs?

Correct AnswerverifiedShow Answer

Every year,what percent of the adult U.S.population suffers a long-term disability?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Good disability plans pay when you are:

Correct AnswerverifiedShow Answer

What are some things that you can do to reduce your personal health care costs?

Correct AnswerverifiedAnswers will vary.As health care costs c...View AnswerShow Answer

If your employer pays the premium for long-term care,then the ________ treats it as a tax-deductible expense for the employer.

Correct AnswerverifiedShow Answer

Which of the following requires large employers to provide health insurance coverage to all employees?

Correct AnswerverifiedShow Answer

Which type of insurance is usually bought in combination with hospital expense and surgical expense insurance?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Many employers provide disability income protection for their employees through group insurance plans.

Correct AnswerverifiedShow Answer

A recent study by Americans for Long-Term Care Security found that one out of five Americans over age 30 is at risk of needing some form of long-term care within the next 12 months.

Correct AnswerverifiedShow Answer

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

Besides preventive care,HMOs provide a comprehensive range of other health care services.What are they?

Correct AnswerverifiedThese services are divided into two cate...View AnswerShow Answer

Marcia Fuller has an insurance policy that she and her three daughters,ages 5,9,and 11,are entitled to benefits under.Which provision in her insurance policy is defined by this list of covered members?

Correct AnswerverifiedShow Answer

Which provision in a health insurance policy explains the circumstances under which the insurance company can end your health insurance policy?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Answers will vary.As health care costs c...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
These services are divided into two cate...
View Answer

Correct Answer
verified

Correct Answer
verified