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

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Question 71

Multiple Choice

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

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 checkups.

F) A) and E)
G) A) and B)

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Question 72

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Group health insurance will cover you,but not your immediate family.

A) True
B) False

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Question 73

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Long-term care insurance was virtually unknown 50 years ago,but it is now growing faster than any other form of insurance.

Jacob,an assembly line worker at a motorcycle manufacturing plant,has take-home pay of $1,000 a week.He is injured in an accident that kept him off work for 14 weeks.His disability insurance coverage replaces 60 percent of his earnings after a six-week waiting period.What total amount would he receive in disability benefits?

Most insurers limit disability benefits from all sources of insurance to no more than ____________ percent of your take-home pay.

The waiting period in disability income insurance is called the ____________ period.

With disability income insurance,benefits usually begin:

Because Medicaid coverage is very limited,people using it need to purchase supplemental insurance.

Very few members of the Medicaid population are also covered by Medicare.

Which type of health insurance includes two features (a deductible provision and a coinsurance provision) ,which help keep the premium within the policyholder's means?

Health club membership is a form of protection to alleviate the financial burdens individuals suffer from illness or injury.

Medicare originally had two parts: hospital insurance and medical insurance.

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

Chris Jones has an insurance policy that pays benefits in cash when he is hospitalized.What type of insurance would this be?

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

Raymond Carter has a type of all-inclusive health insurance that has a very low deductible and pays for hospital,surgical,medical,and other bills under one plan.What type of insurance does he have?

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

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

A good health insurance plan should impose no unreasonable exclusions.

Joe Johnson needs surgery for appendicitis.Which part of his basic health insurance coverage should help pay for the surgeon's fees?