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

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Question 31

Multiple Choice

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In most employer-sponsored disability income insurance plans:

A) your employer pays part or all of the cost.
B) you pay all the cost.
C) your union pays all the cost.
D) the Social Security Administration pays most of the premium.
E) the Veterans Administration foots the bill.

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

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Question 32

Multiple Choice

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Health insurance includes:

A) life insurance.
B) disability insurance.
C) personal liability insurance.
D) an annuity.
E) an endowment.

F) D) and E)
G) A) and D)

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Question 33

Multiple Choice

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Medigap is sold or serviced by:

Most private insurance companies sell health insurance policies to:

Benjamin Northcutt has an insurance policy that does not cover cosmetic surgery like the nose job he would like to have.What provision in his insurance policy would specify this?

Physician expense insurance helps pay for physician's care that does not involve surgery.

Because Medicaid coverage is very limited,people using it need to purchase supplemental insurance.

Jamal Walker developed a serious infection and spent 6 months in his hospital's intensive care unit.What part of his insurance policy would be the most useful for helping to pay for this?

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

Which type of health insurance pays for physician's care that does not involve surgery?

Make sure you have enough insurance,but don't over insure.

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

To get Medicare medical insurance (Part B)you must sign up for it and pay a monthly premium.

Health insurance is available from:

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

Just about every worker is adequately covered by disability income insurance.

Long-term care insurance was virtually unknown 25 years ago,but now it is growing faster than any other form of insurance.

Most people are more likely to lose their income due to death than due to disability.

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

Medicaid differs from Medicare because eligibility for Medicaid depends on having very low income and assets.