Question 1

The definition of disability:

Accepted Answer

A)  is universally accepted.
B)  varies.
C)  is standardized 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) A) and B)
G) A) and D)

Question 2

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

Accepted Answer

A) True 
 B)False

Question 3

Jose Gonzales just turned 65 this year.He should apply for Medicare benefits at a local:

Accepted Answer

A)  office of the National Institutes of Health.
B)  IRS office.
C)  Social Security office.
D)  county medical hospital.
E)  post officE.F) B) and D)
G) All of the above

Question 4

The best way to avoid the high cost of illness is to stay well.

Accepted Answer

A) True 
 B)False

Question 5

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

Accepted Answer

A) True 
 B)False  True

Question 6

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 has a notoriously 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 incomeF) D) and E)
G) A) and D)

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)  PPOF) C) and E)
G) B) and C)

Question 8

The affordability of which one of these is one of the most important social issues of our time?

Accepted Answer

A)  health care
B)  clothing
C)  automobiles
D)  vacations
E)  day careF) A) and C)
G) A) and B)

Question 9

More people have hospital insurance than any other kind of health insurance.

Accepted Answer

A) True 
 B)False

Question 10

Which type of insurance is probably the most neglected form of available insurance protection?

Accepted Answer

A)  life
B)  liability
C)  disability
D)  car
E)  home and propertyF) C) and D)
G) A) and C)

Question 11

Which of the following statements is true?

Accepted Answer

A)  Physician expense insurance coverage normally includes 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)  All of the other statements are truE.F) None of the above
G) A) and B)

Question 12

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

Accepted Answer

A)  exclusion
B)  no benefit
C)  coverage
D)  trade-off
E)  eliminationF) B) and E)
G) C) and D)

Question 13

Physician expense insurance is expensive,therefore,it should be avoided.

Accepted Answer

A) True 
 B)False

Question 14

Look for a disability income policy that waives premiums while you are disabled.

Accepted Answer

A) True 
 B)False

Question 15

Medicare was never intended to pay all medical costs.

Accepted Answer

A) True 
 B)False

Question 16

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) B) and E)

Question 17

Medicare covers the cost of care received outside the United States,Canada,and Mexico.

Accepted Answer

A) True 
 B)False

Question 18

Medicare hospital insurance (Part A)is financed from a portion of the Social Security tax.

Accepted Answer

A) True 
 B)False

Question 19

Raymond Carter has a type of medical 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) C) and D)
G) A) and C) A

Question 20

A good health insurance plan should:

Accepted Answer

A)  provide at least one year's hospital room and board in full.
B)  provide at least a $2 million lifetime maximum for each family member.
C)  pay 100 percent for out-of-hospital expenses.
D)  offer basic coverage for hospital and doctor bills.
E)  limit your out-of-pocket expenses to no more than $1,000 per year.F) A) and B)
G) A) and C) D

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

The definition of disability:

Correct Answer
verified

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

Correct Answer
verified

Jose Gonzales just turned 65 this year.He should apply for Medicare benefits at a local:

Correct Answer
verified

The best way to avoid the high cost of illness is to stay well.

Correct Answer
verified

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

Correct Answer
verified
True

Correct Answer
verified

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

Correct Answer
verified

The affordability of which one of these is one of the most important social issues of our time?

Correct Answer
verified

More people have hospital insurance than any other kind of health insurance.

Correct Answer
verified

Which type of insurance is probably the most neglected form of available insurance protection?

Correct Answer
verified

Which of the following statements is true?

Correct Answer
verified

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

Correct Answer
verified

Physician expense insurance is expensive,therefore,it should be avoided.

Correct Answer
verified

Look for a disability income policy that waives premiums while you are disabled.

Correct Answer
verified

Medicare was never intended to pay all medical costs.

Correct Answer
verified

With disability income insurance,benefits usually begin:

Correct Answer
verified

Medicare covers the cost of care received outside the United States,Canada,and Mexico.

Correct Answer
verified

Medicare hospital insurance (Part A)is financed from a portion of the Social Security tax.

Correct Answer
verified

Raymond Carter has a type of medical 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
A

A good health insurance plan should:

Correct Answer
verified
D

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

The definition of disability:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Jose Gonzales just turned 65 this year.He should apply for Medicare benefits at a local:

Correct AnswerverifiedShow Answer

The best way to avoid the high cost of illness is to stay well.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedTrue

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The affordability of which one of these is one of the most important social issues of our time?

Correct AnswerverifiedShow Answer

More people have hospital insurance than any other kind of health insurance.

Correct AnswerverifiedShow Answer

Which type of insurance is probably the most neglected form of available insurance protection?

Correct AnswerverifiedShow Answer

Which of the following statements is true?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Physician expense insurance is expensive,therefore,it should be avoided.

Correct AnswerverifiedShow Answer

Look for a disability income policy that waives premiums while you are disabled.

Correct AnswerverifiedShow Answer

Medicare was never intended to pay all medical costs.

Correct AnswerverifiedShow Answer

With disability income insurance,benefits usually begin:

Correct AnswerverifiedShow Answer

Medicare covers the cost of care received outside the United States,Canada,and Mexico.

Correct AnswerverifiedShow Answer

Medicare hospital insurance (Part A)is financed from a portion of the Social Security tax.

Correct AnswerverifiedShow Answer

Raymond Carter has a type of medical 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 AnswerverifiedA

A good health insurance plan should:

Correct AnswerverifiedD

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True

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A

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D