Question 1

A stop-loss provision requires the policyholder to pay up to a certain amount,after which the insurance company pays 100 percent of all remaining covered expenses.

Accepted Answer

A) True 
 B)False

Question 2

By 2026,annual health care spending is expected to grow to almost ________ percent of GDP.

Accepted Answer

A)  1
B)  10
C)  11
D)  15
E)  20F) C) and D)
G) B) and E)

Question 3

Which one of the following is not a provider of health insurance?

Accepted Answer

A)  Fraternal organizations
B)  Trade unions
C)  Government programs such as Medicare
D)  Health Insurance Industry Association
E)  Blue Cross and Blue ShieldF) B) and E)
G) A) and D)

Question 4

The United States has the lowest per capita medical expenditures of any industrialized country in the world.

Accepted Answer

A) True 
 B)False

Question 5

The hospital insurance portion of Medicare helps pay for:

Accepted Answer

A)  inpatient hospital care.
B)  inpatient care in a skilled nursing facility.
C)  home health care.
D)  hospice care.
E)  All of theseF) B) and E)
G) B) and D)

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

Nathan Drummond has three different insurance policies.He has been injured in an accident and has incurred $30,000 in medical bills.There is a provision in all of his insurance contracts that ensures the total benefits he receives from all sources is limited to 100% of allowable medical expenses.What is this provision called?

Accepted Answer

A)  Coordination of benefits
B)  Deductible
C)  Coinsurance
D)  Stop-loss provision
E)  Waiver of premiumF) B) and C)
G) A) and C)

Question 8

Surgical expense insurance pays part or the full amount of the surgeon's fees for an operation.

Accepted Answer

A) True 
 B)False

Question 9

Which medical expense is covered by Medicare?

Accepted Answer

A)  Acupuncture
B)  Immunizations
C)  Private-duty nursing
D)  Routine checkups
E)  Hospice careF) C) and D)
G) D) and E)

Question 10

Which type of health insurance includes two features (a deductible provision and a coinsurance provision) to 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) B) and D)
G) C) and E)

Question 11

Which of the following is an innovative way concerned groups are containing health care costs?

Accepted Answer

A)  Incentives to encourage preventive care
B)  Encouragement of prepaid group practices
C)  Establishment of community health education programs
D)  Encouragement by doctors for patients to pay cash for routine medical care
E)  All of theseF) All of the above
G) B) and D)

Question 12

One reason for the high and rising costs of health care is the use of sophisticated and expensive technologies.

Accepted Answer

A) True 
 B)False

Question 13

What does health insurance include,and what is its importance in personal financial planning?

Accepted Answer

Health insurance includes both medical e...

Question 14

Most salaried workers in the United States do not participate in the Social Security program.

Accepted Answer

A) True 
 B)False

Question 15

Dental expense insurance provides reimbursement for:

Accepted Answer

A)  oral examinations.
B)  fillings.
C)  extractions.
D)  inlays.
E)  All of theseF) A) and E)
G) C) and D)

Question 16

Preferred provider organizations combine the best elements of the fee-for-service and HMO systems.

Accepted Answer

A) True 
 B)False

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

Disability income insurance provides regular cash income lost by employees as the result of an accident or illness.

Accepted Answer

A) True 
 B)False

Question 19

Disability benefits begin on the first day you become disabled.

Accepted Answer

A) True 
 B)False

Question 20

Medigap is sold or serviced by:

Accepted Answer

A)  Medicare.
B)  Medicaid.
C)  private insurance companies.
D)  the federal government.
E)  State governments.F) C) and D)
G) A) and B)

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

Disability income insurance provides regular cash income lost by employees as the result of an accident or illness.

Correct Answer
verified

By 2026,annual health care spending is expected to grow to almost ________ percent of GDP.

Correct Answer
verified

The hospital insurance portion of Medicare helps pay for:

Correct Answer
verified

Which of the following is an innovative way concerned groups are containing health care costs?

Correct Answer
verified

Correct Answer
verified

What does health insurance include,and what is its importance in personal financial planning?

Correct Answer
verified
Health insurance includes both medical e...
View Answer

The United States has the lowest per capita medical expenditures of any industrialized country in the world.

Correct Answer
verified

A stop-loss provision requires the policyholder to pay up to a certain amount,after which the insurance company pays 100 percent of all remaining covered expenses.

Correct Answer
verified

One reason for the high and rising costs of health care is the use of sophisticated and expensive technologies.

Correct Answer
verified

Preferred provider organizations combine the best elements of the fee-for-service and HMO systems.

Correct Answer
verified

Which type of health insurance includes two features (a deductible provision and a coinsurance provision) to help keep the premium within the policyholder's means?

Correct Answer
verified

Which one of the following is not a provider of health insurance?

Correct Answer
verified

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

Correct Answer
verified

Which medical expense is covered by Medicare?

Correct Answer
verified

Surgical expense insurance pays part or the full amount of the surgeon's fees for an operation.

Correct Answer
verified

Most salaried workers in the United States do not participate in the Social Security program.

Correct Answer
verified

Disability benefits begin on the first day you become disabled.

Correct Answer
verified

Medigap is sold or serviced by:

Correct Answer
verified

Dental expense insurance provides reimbursement for:

Correct Answer
verified

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

Correct Answer
verified

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

Disability income insurance provides regular cash income lost by employees as the result of an accident or illness.

Correct AnswerverifiedShow Answer

By 2026,annual health care spending is expected to grow to almost ________ percent of GDP.

Correct AnswerverifiedShow Answer

The hospital insurance portion of Medicare helps pay for:

Correct AnswerverifiedShow Answer

Which of the following is an innovative way concerned groups are containing health care costs?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

What does health insurance include,and what is its importance in personal financial planning?

Correct AnswerverifiedHealth insurance includes both medical e...View AnswerShow Answer

The United States has the lowest per capita medical expenditures of any industrialized country in the world.

Correct AnswerverifiedShow Answer

A stop-loss provision requires the policyholder to pay up to a certain amount,after which the insurance company pays 100 percent of all remaining covered expenses.

Correct AnswerverifiedShow Answer

One reason for the high and rising costs of health care is the use of sophisticated and expensive technologies.

Correct AnswerverifiedShow Answer

Preferred provider organizations combine the best elements of the fee-for-service and HMO systems.

Correct AnswerverifiedShow Answer

Which type of health insurance includes two features (a deductible provision and a coinsurance provision) to help keep the premium within the policyholder's means?

Correct AnswerverifiedShow Answer

Which one of the following is not a provider of health insurance?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which medical expense is covered by Medicare?

Correct AnswerverifiedShow Answer

Surgical expense insurance pays part or the full amount of the surgeon's fees for an operation.

Correct AnswerverifiedShow Answer

Most salaried workers in the United States do not participate in the Social Security program.

Correct AnswerverifiedShow Answer

Disability benefits begin on the first day you become disabled.

Correct AnswerverifiedShow Answer

Medigap is sold or serviced by:

Correct AnswerverifiedShow Answer

Dental expense insurance provides reimbursement for:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Health insurance includes both medical e...
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
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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
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