Question 1

Affordable health care has become one of the most important issues of our time.

Accepted Answer

A) True 
 B)False

Question 2

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

Accepted Answer

A) True 
 B)False

Question 3

A hospital indemnity policy pays benefits only when you are hospitalized and only to the hospital where the care was provided.

Accepted Answer

A) True 
 B)False

Question 4

Dread disease and cancer policies are usually very good values.

Accepted Answer

A) True 
 B)False

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

Hospital insurance (Part A) and medical insurance (Part B) are characteristics of :

Accepted Answer

A)  Blue Cross.
B)  Blue Shield.
C)  Medicare.
D)  MedicaiD.
E)  HMO.F) A) and D)
G) A) and C)

Question 7

The hospital insurance portion of Medicare helps pay for:

Accepted Answer

A)  inpatient hospital care.
B)  inpatient care in a skilled nursing facility.
C)  home health care.
D)  hospice care.
E)  all of the other types of care listed.F) All of the above
G) A) and D)

Question 8

Which health insurance policy pays benefits only when you are hospitalized,but pays these benefits in cash which you can use as you like?

Accepted Answer

A)  hospital indemnity
B)  interim or short-term
C)  disability income
D)  comprehensive major medical
E)  major medical expenseF) All of the above
G) A) and D)

Question 9

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 10

A good health insurance plan should:

Accepted Answer

A)  pay at least 80 percent for out-of-hospital expenses after the yearly deductible.
B)  provide at least 120 days' hospital room and board in full.
C)  provide at least a $1 million lifetime maximum for each family member.
D)  impose no unreasonable exclusions.
E)  offer all of the other answers.F) A) and E)
G) D) and E)

Question 11

Generally,disability income policies with longer waiting periods:

Accepted Answer

A)  have higher premiums.
B)  have lower premiums.
C)  have about the same premium as those with shorter periods.
D)  are issued by smaller insurance companies.
E)  are issued by larger insurance companies.F) B) and D)
G) B) and E)

Question 12

Disability benefits begin on the first day you are disabled.

Accepted Answer

A) True 
 B)False

Question 13

Which type of insurance provides for the partial replacement of income lost by employees as a result of an accident or illness?

Accepted Answer

A)  comprehensive major medical
B)  major medical expense
C)  physician's expense
D)  disability income
E)  surgical expenseF) B) and E)
G) A) and E)

Question 14

What are some possible reasons for high and rising costs of health care?

Accepted Answer

A)  the use of sophisticated and high-priced equipment.
B)  medical personnel who command high earnings.
C)  innovative but costly treatment for some illnesses.
D)  the increasing number and longevity of elderly people.
E)  all of the other answers.F) B) and D)
G) B) and C)

Question 15

What can you do to reduce your health care costs?

Accepted Answer

A)  stay well.
B)  gain a little extra weight.
C)  smoke and drink.
D)  live dangerously.
E)  don't seek medical carE.F) B) and E)
G) A) and E)

Question 16

Dental expense insurance provides reimbursement for:

Accepted Answer

A)  oral examinations.
B)  fillings.
C)  extractions.
D)  inlays.
E)  all of the other answers.F) A) and C)
G) B) and E)

Question 17

Because you are young and healthy now,you may overlook the very real need for which type of insurance?

Accepted Answer

A)  disability income.
B)  health.
C)  dental.
D)  vision care.
E)  liability.F) A) and B)
G) B) and D)

Question 18

Which of the following groups have undertaken innovative activities to contain the costs of health care?

Accepted Answer

A)  employers
B)  labor unions
C)  health insurers
D)  consumers
E)  all of the other parties listedF) C) and E)
G) A) and B)

Question 19

Unfortunately,most salaried workers in the United States do not participate in the Social Security programs.

Accepted Answer

A) True 
 B)False

Question 20

Most health insurance policies in the United States are sold to:

Accepted Answer

A)  victims of communicable diseases.
B)  individuals with families.
C)  single individuals with no dependents.
D)  elderly individuals.
E)  employers,who in turn offer the benefits to employees.F) B) and D)
G) A) and B)

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

Most health insurance policies in the United States are sold to:

Correct AnswerverifiedShow Answer

Hospital insurance (Part A) and medical insurance (Part B) are characteristics of :

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

Affordable health care has become one of the most important issues of our time.

Correct AnswerverifiedShow Answer

A good health insurance plan should:

Correct AnswerverifiedShow Answer

A hospital indemnity policy pays benefits only when you are hospitalized and only to the hospital where the care was provided.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which of the following groups have undertaken innovative activities to contain the costs of health care?

Correct AnswerverifiedShow Answer

Disability benefits begin on the first day you are disabled.

Correct AnswerverifiedShow Answer

What can you do to reduce your health care costs?

Correct AnswerverifiedShow Answer

What are some possible reasons for high and rising costs of health care?

Correct AnswerverifiedShow Answer

Which health insurance policy pays benefits only when you are hospitalized,but pays these benefits in cash which you can use as you like?

Correct AnswerverifiedShow Answer

Dread disease and cancer policies are usually very good values.

Correct AnswerverifiedShow Answer

Which type of insurance provides for the partial replacement of income lost by employees as a result of an accident or illness?

Correct AnswerverifiedShow Answer

Dental expense insurance provides reimbursement for:

Correct AnswerverifiedShow Answer

Because you are young and healthy now,you may overlook the very real need for which type of insurance?

Correct AnswerverifiedShow Answer

Unfortunately,most salaried workers in the United States do not participate in the Social Security programs.

Correct AnswerverifiedShow Answer

Generally,disability income policies with longer waiting periods:

Correct AnswerverifiedShow Answer

The hospital insurance portion of Medicare helps pay for:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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