Exam 9: Insuring Your Health

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. -Medicare Advantage policies require payment from the policyholder in the form of [deductibles and coinsurance | copayments].

In recent years,which of the following groups paid the largest percentage of national health care expenditures?

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. -Unhealthy lifestyles can contribute to more than [40 | 60] percent of all diagnosed illnesses.

Hospital expense coverage is adequate for long-term or catastrophic medical needs of most people.

Medicare Advantage plans are administered by the government and supplementary to original Medicare.

____ are required by many insurance plans to reduce the number of unnecessary surgeries.

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. -When purchasing a long-term care policy,the [guaranteed renewability | optional renewability] provision is recommended.

An elimination period in disability income insurance is most closely analogous to which of the following cost-sharing provisions in health insurance?

Which of the following best describes a custodial care facility?

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. -You would be more likely to receive [70 | 90] percent of your pre-disability income from a disability income policy.

Blue Cross provides hospital coverage and Blue Shield provides prescription pharmacy coverage.

A preferred provider organization has characteristics of both an IPA and an indemnity plan.

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. -One complaint about HMOs in the past,as compared to traditional indemnity plans,is that [the cost was expensive | members couldn't always choose their physicians].

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. -Workers' compensation insurance makes payments to an injured worker [if he has been hurt on the job | only if he can prove negligence on the part of his employer].

Most people do not need protection against

Many health insurance policies offer only reduced benefits for treatment of mental disorders.

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. -Disability income benefits are taxable when the policy premiums were paid by the [employer | employee].

Long-term care insurance can cover both nursing home and home health care.

Some surgical expense insurance pays a specific amount for each type of surgery listed on a schedule of benefits.

A "coordination of benefits" provision in a health insurance policy may possibly provide which of the following benefits?