Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

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?

Accepted Answer

A)  Comprehensive major medical
B)  Hospital indemnity
C)  Long-term care
D)  Cancer
E)  Disability incomeF) B) and C)
G) A) and E)

Question 3

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?

Accepted Answer

$1,000 * 60% = $600 per week.I...

Question 4

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

Accepted Answer

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

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

A)  30-40
B)  40-50
C)  50-60
D)  60-70
E)  70-80F) C) and D)
G) B) and E)

Question 7

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 8

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

Accepted Answer

A) True 
 B)False

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

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 checkups.F) A) and D)
G) B) and E)

Question 11

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

Accepted Answer

A)  Comprehensive major medical
B)  Hospital indemnity
C)  Long-term care
D)  Cancer
E)  Disability incomeF) D) and E)
G) All of the above

Question 12

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) D) and E)
G) B) and E)

Question 13

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

Accepted Answer

A)  The use of sophisticated and expensive technologies
B)  Rapid average earnings growth for health care professionals
C)  Duplication of tests
D)  The increasing number and longevity of elderly people
E)  All of theseF) A) and B)
G) None of the above

Question 14

A good health insurance plan should impose no unreasonable exclusions.

Accepted Answer

A) True 
 B)False

Question 15

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

Accepted Answer

A) True 
 B)False

Question 16

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?

Accepted Answer

A)  Disability income
B)  Major medical expense
C)  Hospital indemnity
D)  Physician's expense
E)  Surgical expenseF) C) and E)
G) A) and E)

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

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

Accepted Answer

A) True 
 B)False

Question 19

With disability income insurance,benefits usually begin:

Accepted Answer

A)  on the first day of disability.
B)  between 30 and 90 days after the disability occurs.
C)  on the 10th day of disability.
D)  one year after the start of the disability.
E)  on the 15th day of disability.F) A) and C)
G) A) and B)

Question 20

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) A) and E)
G) C) and D)

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

Correct Answer
verified
$1,000 * 60% = $600 per week.I...
View Answer

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

Correct Answer
verified

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?

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

A good health insurance plan should impose no unreasonable exclusions.

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

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?

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

With disability income insurance,benefits usually begin:

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answerverified$1,000 * 60% = $600 per week.I...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

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?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

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

A good health insurance plan should impose no unreasonable exclusions.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

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

With disability income insurance,benefits usually begin:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Correct Answer
verified
$1,000 * 60% = $600 per week.I...
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
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Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
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