Question 1

Medicare does not cover the medical expenses of private-duty nursing care.

Accepted Answer

A) True 
 B)False

Question 2

A good health insurance plan should:

Accepted Answer

A)  pay at least 90 percent for out-of-hospital expenses after a yearly deductible.
B)  provide at least 100 days' hospital room and board in full.
C)  provide at least a $1 million lifetime maximum for each family member.
D)  impose unreasonable exclusions.
E)  limit out-of-pocket expenses to no more than $10,000 a year.F) B) and D)
G) A) and D)

Question 3

John Gleason is permanently disabled while on the job.Which of the following is the most likely source of disability income for John?

Accepted Answer

A)  His employer
B)  Social Security
C)  Worker's compensation
D)  An individual insurance policy
E)  His health insurance policyF) A) and B)
G) A) and D)

Question 4

The premium for noncancelable and guaranteed renewable coverage for a disability income policy is higher,but the coverages are well worth the extra cost.

Accepted Answer

A) True 
 B)False

Question 5

A sign that your group health coverage needs supplementing would be:

Accepted Answer

A)  it covers a minor portion of your dental bills.
B)  it covers a major portion of your hospital charges.
C)  it covers a major portion of your doctor bills.
D)  it covers over 50% of the going rate for surgical procedures.
E)  it covers a minor portion of your hospital,doctor,and surgical charges.F) C) and E)
G) C) and D)

Question 6

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

Accepted Answer

A)  exclusion
B)  no benefit
C)  coverage
D)  trade-off
E)  eliminationF) D) and E)
G) A) and E)

Question 7

Medicaid is financed by both state and federal funds.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following statements is not correct about Medicaid?

Accepted Answer

A)  The Social Security Act created Medicaid in 1965.
B)  Medicaid is a program of medical assistance to certain low-income individuals and families.
C)  Medicaid is administered by each state within certain federal guidelines.
D)  Medicaid is financed by both state and federal funds.
E)  Medicaid is provided to wealthy individuals.F) C) and D)
G) A) and D)

Question 9

Jamal Walker developed a serious infection and spent 6 months in his hospital's intensive care unit.What part of his health insurance policy would be the most useful for helping to pay for this?

Accepted Answer

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

Question 10

Benjamin Northcutt has an insurance policy that does not cover cosmetic surgery like the nose job he would like to have.Which provision in his insurance policy would specify this?

Accepted Answer

A)  Eligibility
B)  Assigned benefits
C)  Benefit limits
D)  Guaranteed renewable
E)  Exclusions and limitationsF) B) and D)
G) D) and E)

Question 11

Which type of health insurance covers diagnosing and treating glaucoma,eyeglasses,and eye surgery?

Accepted Answer

A)  Surgical expense
B)  Vision care
C)  Physician's expense
D)  Medicare Part B
E)  Major medicalF) C) and D)
G) A) and B)

Question 12

To get Medicare medical insurance,you must sign up for it and pay a monthly premium.

Accepted Answer

A) True 
 B)False

Question 13

Individual health insurance covers either one person or a family.

Accepted Answer

A) True 
 B)False

Question 14

Most group health insurance plans in the United States are sponsored by:

Accepted Answer

A)  victims of communicable diseases.
B)  individuals with families.
C)  single individuals with no dependents.
D)  elderly individuals.
E)  employers.F) C) and E)
G) None of the above

Question 15

Title XIX of the Social Security Act provides for a program of medical assistance to certain low-income individuals and families,known as Medicaid.

Accepted Answer

A) True 
 B)False

Question 16

A coinsurance provision requires the policyholder to share the expenses beyond the deductible amount.

Accepted Answer

A) True 
 B)False

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

More people have hospital insurance than any other kind of health insurance.

Accepted Answer

A) True 
 B)False

Question 19

Every year,12% of the adult U.S.population suffers a long-term disability.

Accepted Answer

A) True 
 B)False

Question 20

Harry Morgan 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) A) and B)

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

Harry Morgan 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

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

Correct AnswerverifiedShow Answer

To get Medicare medical insurance,you must sign up for it and pay a monthly premium.

Correct AnswerverifiedShow Answer

More people have hospital insurance than any other kind of health insurance.

Correct AnswerverifiedShow Answer

Benjamin Northcutt has an insurance policy that does not cover cosmetic surgery like the nose job he would like to have.Which provision in his insurance policy would specify this?

Correct AnswerverifiedShow Answer

Jamal Walker developed a serious infection and spent 6 months in his hospital's intensive care unit.What part of his health insurance policy would be the most useful for helping to pay for this?

Correct AnswerverifiedShow Answer

Medicare does not cover the medical expenses of private-duty nursing care.

Correct AnswerverifiedShow Answer

A good health insurance plan should:

Correct AnswerverifiedShow Answer

Most group health insurance plans in the United States are sponsored by:

Correct AnswerverifiedShow Answer

A coinsurance provision requires the policyholder to share the expenses beyond the deductible amount.

Correct AnswerverifiedShow Answer

Medicaid is financed by both state and federal funds.

Correct AnswerverifiedShow Answer

Which of the following statements is not correct about Medicaid?

Correct AnswerverifiedShow Answer

Which type of health insurance covers diagnosing and treating glaucoma,eyeglasses,and eye surgery?

Correct AnswerverifiedShow Answer

John Gleason is permanently disabled while on the job.Which of the following is the most likely source of disability income for John?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Individual health insurance covers either one person or a family.

Correct AnswerverifiedShow Answer

A sign that your group health coverage needs supplementing would be:

Correct AnswerverifiedShow Answer

The premium for noncancelable and guaranteed renewable coverage for a disability income policy is higher,but the coverages are well worth the extra cost.

Correct AnswerverifiedShow Answer

Title XIX of the Social Security Act provides for a program of medical assistance to certain low-income individuals and families,known as Medicaid.

Correct AnswerverifiedShow Answer

Every year,12% of the adult U.S.population suffers a long-term disability.

Correct AnswerverifiedShow Answer

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