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Exam 11: Managing Health Expenses

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Question 31

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Which type of insurance provides reimbursement for costs associated with custodial care in a nursing facility or at home?

A) Medicare
B) Disability income insurance
C) HMOs
D) Long-term care insurance

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Question 32

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Combining a health savings account with a high deductible health care plan is a way to save money on the cost of a health care plan.

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Question 33

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The hospitalization portion of Medicare (Part A) requires a monthly premium from the insured.

An any-occupation policy will cost more than an own-occupation policy,everything else being equal.

A student who has lost group health care coverage under his or her parent's employer group plan due to the parent leaving the job is eligible to continue coverage through COBRA rights.

A copayment differs from a deductible in that the copayment typically requires you to pay a specific dollar amount each time you have a specific covered expense item.

You can help yourself afford a longer benefit period under a long-term care insurance plan by selecting a longer

A certificate of insurance,rather than an insurance policy,is received by those with group health care coverage.

Will is concerned that his monthly disability income benefit would be eroded by inflation in case of a long-term disability.Which policy provision would guard against this problem?

In what way(s) can health care costs potentially provide an income tax benefit?

Open-enrollment periods are common in group health care plans.

Employers are least likely to help pay for at least a portion of which of the following employment benefits?

Traditional health insurance provides protection against financial loss resulting from the perils of illness and injury.

It is becoming increasingly common for health care plans to offer lower rates to persons with a healthy lifestyle.

Which of the following can provide increased disability income from your disability income policy whenever you do not qualify for Social Security disability benefits?

Which of the following best describes a preexisting condition?

Who most needs long-term care insurance protection?

Under the Affordable Care Act,the cost of the second-lowest-cost silver plan in the area where a person lives is referred to as

The waiting period on a disability income policy is similar to ____ on property and health insurance.

Married couples who are both covered by a health care plan at work should maintain both plans for even broader coverage.