Question 1

Karen Blumenthall 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?

Accepted Answer

A)  Comprehensive major medical
B)  Hospital indemnity
C)  Long-term care
D)  Cancer
E)  Disability incomeF) B) and E)
G) None of the above

Question 2

A recent study by Americans for Long-Term Care Security found that one out of five Americans over age 30 is at risk of needing some form of long-term care within the next 12 months.

Accepted Answer

A) True 
 B)False

Question 3

Identify the sources of health care insurance.

Accepted Answer

Health insurance is available from more ...

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

The hospital indemnity policy is a good substitute for basic or major medical protection.

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

Which of the following statements is not correct about Medicaid?

Accepted Answer

A)  The Social Security Act created Medicaid in 1965.
B)  Medicaid is a program of medical assistance to certain low-income individuals and families.
C)  Medicaid is administered by each state within certain federal guidelines.
D)  Medicaid is financed by both state and federal funds.
E)  To qualify for federal matching funds, state programs must exclude inpatient hospital services.F) B) and C)
G) B) and E)

Question 8

Disability benefits begin on the first day you are disabled.

Accepted Answer

A) True 
 B)False

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

Many employers provide disability income protection for their employees through group insurance plans.

Accepted Answer

A) True 
 B)False

Question 11

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

Accepted Answer

A) True 
 B)False

Question 12

Which provision in a health insurance policy explains the circumstances under which the insurance company can end your health insurance policy?

Accepted Answer

A)  Coordination of benefits
B)  Assigned benefits
C)  Cancellation and termination
D)  Guaranteed renewable
E)  Exclusions and limitationsF) A) and E)
G) A) and D)

Question 13

If your employer pays the premium for long-term care,then the _________ treats it as a tax-deductible expense for the employer.

Accepted Answer

A)  National Association of Insurance Commissioners
B)  U.S.Administration on Aging
C)  Medicare.gov
D)  Longtermcare.gov
E)  Health Insurance Portability and Accounting Act of 1996F) B) and D)
G) A) and E)

Question 14

Most private insurance companies sell health insurance policies to:

Accepted Answer

A)  individuals.
B)  families.
C)  employers.
D)  employees.
E)  non-profit organizations.F) B) and E)
G) C) and D)

Question 15

Which of the following groups has undertaken innovative activities to contain the costs of health care?

Accepted Answer

A)  Employers
B)  Labor unions
C)  Health insurers
D)  Consumers
E)  All of theseF) A) and C)
G) A) and D)

Question 16

Medicare does not cover the medical expenses of private-duty nursing care.

Accepted Answer

A) True 
 B)False

Question 17

Unfortunately,most salaried workers in the United States do not participate in Social Security programs.

Accepted Answer

A) True 
 B)False

Question 18

Which type of health insurance plan may not cover all of your health insurance needs and may deny benefits if you lose your job?

Accepted Answer

A)  Group health insurance
B)  Life insurance
C)  Medicare
D)  Medicaid
E)  Disability income insuranceF) A) and B)
G) D) and E)

Question 19

If you are 35 years old now,your chances of experiencing a three-month or longer disability before you reach age 65 are _____percent,according to the National Association of Insurance Commissioners.

Accepted Answer

A)  25%
B)  30%
C)  40%
D)  50%
E)  75%F) A) and E)
G) A) and B)

Question 20

Which provision in a health insurance policy prevents you from collecting benefits from two or more group policies that would in total exceed the actual charges?

Accepted Answer

A)  Coordination of benefits
B)  Assigned benefits
C)  Benefit limits
D)  Guaranteed renewable
E)  Exclusions and limitationsF) A) and B)
G) B) and E)

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

Disability benefits begin on the first day you are disabled.

Correct AnswerverifiedShow Answer

Identify the sources of health care insurance.

Correct AnswerverifiedHealth insurance is available from more ...View AnswerShow Answer

Which of the following statements is not correct about Medicaid?

Correct AnswerverifiedShow Answer

If your employer pays the premium for long-term care,then the _________ treats it as a tax-deductible expense for the employer.

Correct AnswerverifiedShow Answer

Which provision in a health insurance policy explains the circumstances under which the insurance company can end your health insurance policy?

Correct AnswerverifiedShow Answer

Which provision in a health insurance policy prevents you from collecting benefits from two or more group policies that would in total exceed the actual charges?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

If you are 35 years old now,your chances of experiencing a three-month or longer disability before you reach age 65 are _____percent,according to the National Association of Insurance Commissioners.

Correct AnswerverifiedShow Answer

Which of the following groups has undertaken innovative activities to contain the costs of health care?

Correct AnswerverifiedShow Answer

Unfortunately,most salaried workers in the United States do not participate in Social Security programs.

Correct AnswerverifiedShow Answer

The hospital indemnity policy is a good substitute for basic or major medical protection.

Correct AnswerverifiedShow Answer

Which type of health insurance plan may not cover all of your health insurance needs and may deny benefits if you lose your job?

Correct AnswerverifiedShow Answer

Medicare does not cover the medical expenses of private-duty nursing care.

Correct AnswerverifiedShow Answer

Many employers provide disability income protection for their employees through group insurance plans.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

A recent study by Americans for Long-Term Care Security found that one out of five Americans over age 30 is at risk of needing some form of long-term care within the next 12 months.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Most private insurance companies sell health insurance policies to:

Correct AnswerverifiedShow Answer

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Health insurance is available from more ...
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