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Medical insurance is which part of Medicare?


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

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

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Affordable health care has become one of the most important social issues of our time.

A) True
B) False

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Which of the following plans is a hybrid that combines characteristics of both HMOs and PPOs?


A) Medicaid
B) PPO
C) POS
D) HMO
E) Medicare

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

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Generally,disability income policies with longer waiting periods:


A) have higher premiums.
B) have lower premiums.
C) have about the same premium as those with shorter periods.
D) are issued by smaller insurance companies.
E) are issued by larger insurance companies.

F) A) and B)
G) A) and C)

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As a national average,a year in a nursing home can cost over:


A) $32,000.
B) $49,000.
C) $63,000.
D) $97,000.
E) $100,000.

F) A) and D)
G) C) and D)

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Disability:


A) is universally unacceptable.
B) has several definitions.
C) is determined by the American Council of Life Insurance.
D) has been formalized by the National Disability Council.
E) is provided by the Insurance Information Institute.

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

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Medicaid is administered by each state within certain broad federal requirements and guidelines.

A) True
B) False

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It is best for you to get routine care and recommended preventive services from a primary care provider rather than a hospital's emergency department.

A) True
B) False

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Part A of Medicare pays for all covered services for inpatient hospital care after you pay a single annual deductible.

A) True
B) False

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People often buy surgical expense insurance in combination with hospital expense insurance and physician expense insurance.

A) True
B) False

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Physician expense insurance coverage excludes visits to the doctor's office,x-rays,and lab tests.

A) True
B) False

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

A) True
B) False

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A deductible provision requires the policyholder to pay a basic amount before the policy benefits begin.

A) True
B) False

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What is disability income insurance? What are the major sources of disability income insurance?

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Answers will vary.Disability income insu...

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Which one of the following provisions requires that the policyholder pay a basic amount before the policy benefits begin?


A) Coinsurance
B) Stop loss
C) Deductible
D) Self-insurance
E) Incontestable

F) A) and B)
G) B) and C)

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What are the two best-known sources of government health care insurance?

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The federal government and state governm...

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Medicare covers routine checkups,dental care,most immunizations,cosmetic surgery,routine foot care,eyeglasses,and hearing aids.

A) True
B) False

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Karen Bloomberg was seriously injured in a car accident and is paralyzed from the waist down.Luckily,she has an insurance policy that will pay for someone to come in and help with her daily activities such as bathing,dressing,and household chores.What type of insurance policy is this likely to be?


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

F) B) and E)
G) C) and D)

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Jacob,an assembly line worker at a motorcycle manufacturing plant,has take-home pay of $1,200 a week.He is injured in an accident that kept him off work for 12 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?

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$1,200 × 60% = $720 per week.I...

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


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

F) All of the above
G) B) and E)

Correct Answer

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