Question 1

People are more likely to lose their incomes due to ________ than death.

Accepted Answer

A)  retirement
B)  unemployment
C)  a layoff
D)  disability
E)  warF) A) and B)
G) A) and E)

Question 2

Jose Gonzales is purchasing disability income insurance.He should aim for a benefit amount that,when added to other income,will equal ________ percent of his gross pay.

Accepted Answer

A)  40
B)  50 to 60
C)  60 to 70
D)  70 to 80
E)  90F) B) and E)
G) A) and D)

Question 3

Very few group health insurance policies have a coordination of benefits provision.

Accepted Answer

A) True 
 B)False

Question 4

A hospital indemnity policy pays benefits directly to the hospital only when you are hospitalized.

Accepted Answer

A) True 
 B)False

Question 5

Name the five basic types of health insurance?

Accepted Answer

Several types of health insurance covera...

Question 6

A recent industry survey estimated that ________ percent of employed Americans are enrolled in some form of managed care.

Accepted Answer

A)  85
B)  75
C)  50
D)  40
E)  25F) A) and E)
G) A) and C)

Question 7

Which one of the following is a source of government health insurance that is administered by each state?

Accepted Answer

A)  Blue Cross
B)  Blue Shield
C)  National Institutes of Health
D)  HMO
E)  MedicaidF) A) and B)
G) B) and E)

Question 8

Sophie Bennett must pay $500 for doctor's visits each year 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) A) and B)
G) C) and E)

Question 9

Which one of the following is a correct statement about the administrative costs of the health care system in the U.S.?

Accepted Answer

A)  Consumes 1% of healthcare dollars
B)  Considered ethical to spend a high percentage on administrative costs
C)  Americans pay less for health care than those living in Canada's socialized system
D)  Includes enrolling beneficiaries and checking eligibility
E)  Includes rebates to customers for good health checkupsF) B) and E)
G) B) and C)

Question 10

The Affordable Health Act of 2010 requires new health plans to allow young people to remain on their parents' insurance policy until what age?

Accepted Answer

A)  23
B)  24
C)  25
D)  26
E)  27F) B) and D)
G) A) and E)

Question 11

Which of the following is not a source of disability income?

Accepted Answer

A)  Your employer
B)  Social Security
C)  Worker's compensation
D)  Unemployment compensation
E)  Group union disability benefitsF) B) and C)
G) A) and D)

Question 12

To qualify for disability income under Social Security,you must be totally disabled for ________ months or more,and you must be unable to do any work.

Accepted Answer

A)  1
B)  3
C)  6
D)  9
E)  12F) A) and E)
G) A) and B)

Question 13

Medicare supplement insurance is a government-sponsored program.

Accepted Answer

A) True 
 B)False

Question 14

Medicare was never intended to pay all medical costs.

Accepted Answer

A) True 
 B)False

Question 15

Physician expense insurance coverage excludes which of the following:

Accepted Answer

A)  Visits to the doctor's office
B)  X-rays
C)  Surgery
D)  Lab tests
E)  General physician careF) B) and C)
G) All of the above

Question 16

Medicare medical insurance helps pay for:

Accepted Answer

A)  inpatient hospital care.
B)  doctors' services.
C)  home health care.
D)  hospice care.
E)  inpatient care in a skilled nursing facility.F) D) and E)
G) B) and D)

Question 17

Which type of health insurance plan may not provide benefits for the major portion of your medical care bills?

Accepted Answer

A)  Group health insurance
B)  Life insurance
C)  Medicare
D)  Medicaid
E)  Disability income insuranceF) A) and B)
G) B) and D)

Question 18

Home health care does not include:

Accepted Answer

A)  home health agencies
B)  doctor offices
C)  home care aid organizations
D)  hospices
E)  facilities that care for the terminally illF) A) and B)
G) B) and C)

Question 19

Disability income insurance is probably the least neglected form of available insurance protection.

Accepted Answer

A) True 
 B)False

Question 20

The two best-known sources of government health insurance are Medicare and Medicaid.

Accepted Answer

A) True 
 B)False

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

To qualify for disability income under Social Security,you must be totally disabled for ________ months or more,and you must be unable to do any work.

Correct AnswerverifiedShow Answer

Jose Gonzales is purchasing disability income insurance.He should aim for a benefit amount that,when added to other income,will equal ________ percent of his gross pay.

Correct AnswerverifiedShow Answer

Home health care does not include:

Correct AnswerverifiedShow Answer

A hospital indemnity policy pays benefits directly to the hospital only when you are hospitalized.

Correct AnswerverifiedShow Answer

Which one of the following is a correct statement about the administrative costs of the health care system in the U.S.?

Correct AnswerverifiedShow Answer

Medicare medical insurance helps pay for:

Correct AnswerverifiedShow Answer

The Affordable Health Act of 2010 requires new health plans to allow young people to remain on their parents' insurance policy until what age?

Correct AnswerverifiedShow Answer

Disability income insurance is probably the least neglected form of available insurance protection.

Correct AnswerverifiedShow Answer

Which of the following is not a source of disability income?

Correct AnswerverifiedShow Answer

The two best-known sources of government health insurance are Medicare and Medicaid.

Correct AnswerverifiedShow Answer

Which type of health insurance plan may not provide benefits for the major portion of your medical care bills?

Correct AnswerverifiedShow Answer

Physician expense insurance coverage excludes which of the following:

Correct AnswerverifiedShow Answer

Name the five basic types of health insurance?

Correct AnswerverifiedSeveral types of health insurance covera...View AnswerShow Answer

Which one of the following is a source of government health insurance that is administered by each state?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Medicare supplement insurance is a government-sponsored program.

Correct AnswerverifiedShow Answer

Medicare was never intended to pay all medical costs.

Correct AnswerverifiedShow Answer

People are more likely to lose their incomes due to ________ than death.

Correct AnswerverifiedShow Answer

Very few group health insurance policies have a coordination of benefits provision.

Correct AnswerverifiedShow Answer

A recent industry survey estimated that ________ percent of employed Americans are enrolled in some form of managed care.

Correct AnswerverifiedShow Answer

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Several types of health insurance covera...
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