Question 1

In the case of divorce,federal law provides that coverage under a former spouse's medical plan can be continued for ________ months if the former spouse works for a company with 20 or more employees.

Accepted Answer

A)  12
B)  36
C)  48
D)  60
E)  indefinitely

Question 2

In most employer-sponsored disability income insurance plans:

Accepted Answer

A)  your employer pays part or all of the cost.
B)  you pay all the cost.
C)  your union pays all the cost.
D)  the Social Security Administration pays most of the premium.
E)  the Veterans Administration foots the bill.

Question 3

Up to how many days of care in a skilled nursing facility are covered by Medicare?

Accepted Answer

A)  30
B)  60
C)  85
D)  100
E)  120

Question 4

Medicaid differs from Medicare because eligibility for Medicaid depends on having very low income and assets.

Accepted Answer

A) True 
 B)False

Question 5

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 income

Question 6

________ is a type of major medical insurance that has a very low deductible amount and is offered without a separate basic plan.

Accepted Answer

A)  Comprehensive major medical insurance
B)  Major Medical expense insurance
C)  Physician's expense insurance
D)  Hospital expense insurance
E)  Surgical expense insurance

Question 7

Which one of the following is a source of government health insurance?

Accepted Answer

A)  Blue Cross
B)  Blue Shield
C)  Medicare
D)  HMO
E)  PPO

Question 8

You should seek a disability income policy that pays benefits for life.

Accepted Answer

A) True 
 B)False

Question 9

Julie Cumbie was playing softball and got hurt sliding into second base.She gets an x-ray at her doctor's office to make sure her ankle isn't broken.Which part of her basic health insurance coverage should help pay for this x-ray?

Accepted Answer

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

Question 10

Joan Wilder receives a phone call from a salesperson who tries to sell her an insurance policy by scaring her about her high risk of death from this disease.She knows that this type of insurance policy is notoriously a poor value,so she politely declines.What type of insurance policy did this salesperson likely try to sell her?

Accepted Answer

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

Question 11

Hospital insurance is which part of Medicare?

Accepted Answer

A)  Part A
B)  Part B
C)  Part C
D)  Part D
E)  Part E

Question 12

According to your textbook,the average benefit paid under a hospital indemnity policy:

Accepted Answer

A)  is almost always excellent buys.
B)  should be purchased at an early age.
C)  does not justify the premium cost.
D)  should be purchased only by older people.
E)  is meant for couples with two or three children. C

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 these

Question 14

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 15

Once a person is eligible,Medicaid provides more benefits than does Medicare.

Accepted Answer

A) True 
 B)False  True

Question 16

The prescription to stay healthy includes getting sufficient rest,relaxation,and exercise.

Accepted Answer

A) True 
 B)False

Question 17

Which type of health insurance is notoriously a poor value?

Accepted Answer

A)  Individual health
B)  Group health
C)  Dread disease
D)  Dental
E)  Vision

Question 18

Which of the following statements is not true?

Accepted Answer

A)  Physician expense insurance coverage normally excludes visits to the doctor's office,x-rays,and lab tests.
B)  Basic health insurance coverage includes hospital expense insurance,surgical expense insurance,and physician expense insurance.
C)  A deductible provision requires the policyholder to pay a basic amount before the policy benefits begin.
D)  A good health insurance plan should impose no unreasonable exclusions.
E)  A hospital indemnity policy is not a substitute for basic or major medical protection.

Question 19

What should you do if your health insurer denies medical treatment or coverage?

Accepted Answer

A)  Write a formal complaint letter.
B)  Review your policy and explanation of benefits.
C)  Contact your insurer and keep detailed records of your contacts.
D)  Request documentation from your doctor to support your case.
E)  All of these

Question 20

Medicare covers the cost of care in what countries besides the United States?

Accepted Answer

A)  Japan
B)  India
C)  Germany
D)  Mexico and Canada
E)  Mexico,Canada,and Germany D

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

In the case of divorce,federal law provides that coverage under a former spouse's medical plan can be continued for ________ months if the former spouse works for a company with 20 or more employees.

Correct Answer
verified

In most employer-sponsored disability income insurance plans:

Correct Answer
verified

Up to how many days of care in a skilled nursing facility are covered by Medicare?

Correct Answer
verified

Medicaid differs from Medicare because eligibility for Medicaid depends on having very low income and assets.

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

________ is a type of major medical insurance that has a very low deductible amount and is offered without a separate basic plan.

Correct Answer
verified

Which one of the following is a source of government health insurance?

Correct Answer
verified

You should seek a disability income policy that pays benefits for life.

Correct Answer
verified

Julie Cumbie was playing softball and got hurt sliding into second base.She gets an x-ray at her doctor's office to make sure her ankle isn't broken.Which part of her basic health insurance coverage should help pay for this x-ray?

Correct Answer
verified

Correct Answer
verified

Hospital insurance is which part of Medicare?

Correct Answer
verified

According to your textbook,the average benefit paid under a hospital indemnity policy:

Correct Answer
verified
C

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

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

Once a person is eligible,Medicaid provides more benefits than does Medicare.

Correct Answer
verified
True

The prescription to stay healthy includes getting sufficient rest,relaxation,and exercise.

Correct Answer
verified

Which type of health insurance is notoriously a poor value?

Correct Answer
verified

Which of the following statements is not true?

Correct Answer
verified

What should you do if your health insurer denies medical treatment or coverage?

Correct Answer
verified

Medicare covers the cost of care in what countries besides the United States?

Correct Answer
verified
D

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

In the case of divorce,federal law provides that coverage under a former spouse's medical plan can be continued for ________ months if the former spouse works for a company with 20 or more employees.

Correct AnswerverifiedShow Answer

In most employer-sponsored disability income insurance plans:

Correct AnswerverifiedShow Answer

Up to how many days of care in a skilled nursing facility are covered by Medicare?

Correct AnswerverifiedShow Answer

Medicaid differs from Medicare because eligibility for Medicaid depends on having very low income and assets.

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

________ is a type of major medical insurance that has a very low deductible amount and is offered without a separate basic plan.

Correct AnswerverifiedShow Answer

Which one of the following is a source of government health insurance?

Correct AnswerverifiedShow Answer

You should seek a disability income policy that pays benefits for life.

Correct AnswerverifiedShow Answer

Julie Cumbie was playing softball and got hurt sliding into second base.She gets an x-ray at her doctor's office to make sure her ankle isn't broken.Which part of her basic health insurance coverage should help pay for this x-ray?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Hospital insurance is which part of Medicare?

Correct AnswerverifiedShow Answer

According to your textbook,the average benefit paid under a hospital indemnity policy:

Correct AnswerverifiedC

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

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

Once a person is eligible,Medicaid provides more benefits than does Medicare.

Correct AnswerverifiedTrue

The prescription to stay healthy includes getting sufficient rest,relaxation,and exercise.

Correct AnswerverifiedShow Answer

Which type of health insurance is notoriously a poor value?

Correct AnswerverifiedShow Answer

Which of the following statements is not true?

Correct AnswerverifiedShow Answer

What should you do if your health insurer denies medical treatment or coverage?

Correct AnswerverifiedShow Answer

Medicare covers the cost of care in what countries besides the United States?

Correct AnswerverifiedD

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C

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True

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D