Question 1

Harry Mayhue gets a bad case of the flu and ends up in the hospital for three days.Which part of his basic health insurance coverage should help pay for this stay?

Accepted Answer

A)  Hospital expense
B)  Surgical expense
C)  Physician expense
D)  Major medical expense
E)  Medicare Part BF) D) and E)
G) B) and E)

Question 2

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) C) and D)
G) All of the above

Question 3

Part A of Medicare pays for all covered services for inpatient hospital care after you pay a single annual deductible.

Accepted Answer

A) True 
 B)False

Question 4

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 E)
G) None of the above

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

Disability income insurance provides regular cash income lost by employees as the result of an accident or illness.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following statements is not true?

Accepted Answer

A)  Physician expense insurance coverage normally excludes visits to the doctor's office, x-rays, and lab tests.
B)  Basic health insurance coverage includes hospital expense insurance, surgical expense insurance, and physician expense insurance.
C)  A deductible provision requires the policyholder to pay a basic amount before the policy benefits begin.
D)  A good health insurance plan should impose no unreasonable exclusions.
E)  Supplemental hospital indemnity plans are not a substitute for basic or major medical protection.F) A) and B)
G) A) and C)

Question 8

Each year,Sophie Bennett must pay $500 for doctor's visits before her insurance company will make any payments for doctor's visits.What is this requirement called?

Accepted Answer

A)  Coordination of benefits
B)  Deductible
C)  Coinsurance
D)  Stop-loss provision
E)  Waiver of premiumF) D) and E)
G) All of the above

Question 9

The affordability of health care is one of the most important _____ issues of our time?

Accepted Answer

A)  social
B)  economic
C)  personal
D)  business
E)  financialF) B) and D)
G) None of the above

Question 10

Medigap is sold or serviced by:

Accepted Answer

A)  Medicare.
B)  Medicaid.
C)  Private insurance companies.
D)  Health Care Financing Administration.
E)  National Institutes of Health.F) None of the above
G) B) and C)

Question 11

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.F) C) and E)
G) A) and E)

Question 12

The United States has the lowest per capita medical expenditures of any industrialized country in the world.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is not a key provision of the Patient Protection and Affordable Care Act of 2010?

Accepted Answer

A)  Offers tax credits for small businesses to make employee coverage more affordable
B)  Eliminates copayments for preventive services
C)  Encourages insurance companies to drop people from coverage when they get sick
D)  Restricts the use of annual limits to ensure access to needed care in all plans
E)  Increases funds for Community Health CentersF) C) and D)
G) B) and D)

Question 14

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) B) and C)
G) A) and B)

Question 15

You should seek a disability policy that pays benefits for life.

Accepted Answer

A) True 
 B)False

Question 16

Medicare was never intended to pay all medical costs.

Accepted Answer

A) True 
 B)False

Question 17

According to The Center for Medicare and Medicaid Services,health insurance includes both medical expense insurance and:
A.disability income insurance.
B.unemployment income insurance.
C.retirement income insurance.
D.life insurance.
E.dental insurance.

Accepted Answer

The answer of According to The Center for Medicare and...

Question 18

Two sources of government health insurance are Medicare and Medicaid.

Accepted Answer

A) True 
 B)False

Question 19

Every year,40% of the adult U.S.population suffers a long-term disability.

Accepted Answer

A) True 
 B)False

Question 20

Why does health care cost so much?

Accepted Answer

The high and rising ...

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

According to The Center for Medicare and Medicaid Services,health insurance includes both medical expense insurance and: A.disability income insurance. B.unemployment income insurance. C.retirement income insurance. D.life insurance. E.dental insurance.

Correct AnswerverifiedShow Answer

Medicare was never intended to pay all medical costs.

Correct AnswerverifiedShow Answer

Two sources of government health insurance are Medicare and Medicaid.

Correct AnswerverifiedShow Answer

Good disability plans pay when you are:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Why does health care cost so much?

Correct AnswerverifiedThe high and rising ...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

Which of the following is not a key provision of the Patient Protection and Affordable Care Act of 2010?

Correct AnswerverifiedShow Answer

Medigap is sold or serviced by:

Correct AnswerverifiedShow Answer

You should seek a disability policy that pays benefits for life.

Correct AnswerverifiedShow Answer

The United States has the lowest per capita medical expenditures of any industrialized country in the world.

Correct AnswerverifiedShow Answer

Health insurance is not available from:

Correct AnswerverifiedShow Answer

Part A of Medicare pays for all covered services for inpatient hospital care after you pay a single annual deductible.

Correct AnswerverifiedShow Answer

Disability income insurance provides regular cash income lost by employees as the result of an accident or illness.

Correct AnswerverifiedShow Answer

Harry Mayhue gets a bad case of the flu and ends up in the hospital for three days.Which part of his basic health insurance coverage should help pay for this stay?

Correct AnswerverifiedShow Answer

The affordability of health care is one of the most important _____ issues of our time?

Correct AnswerverifiedShow Answer

Which of the following statements is not true?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Each year,Sophie Bennett must pay $500 for doctor's visits before her insurance company will make any payments for doctor's visits.What is this requirement called?

Correct AnswerverifiedShow Answer

Every year,40% of the adult U.S.population suffers a long-term disability.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The high and rising ...
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

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified