HEALTH AND ACCIDENT EXAM PSI EXPECTED QUESTIONS AND
ANSWERS 2027
Question 1.
What is the maximum amount of time an insurer has to provide the claimant the forms for
filing proof of loss?
1. 7 days
2. 15 days
3. 30 days
4. 90 days
Correct Answer: 2. 15 days
Question 2.
Which of the following is the most common method to supplement Medicare coverage?
1. Medicaid
2. Group health insurance
3. Employer Health Insurance
4. Coverage offered by private insurers
Correct Answer: 4. Coverage offered by private insurers
Question 3.
In which of the following must a beneficiary change request be filed in writing to the
insurer and is made effective by the insurance company recording the change in its
records?
1. designation option
2. recording method
3. endorsement method
4. succession of beneficiaries
Correct Answer: 2. recording method
Question 4.
Which of the following amends the Social Security Act to make Medicare secondary to
group health plans?
1. ADEA
2. ERISA
3. OBRA
4. TEFRA
Correct Answer: 4. TEFRA
, Question 5.
Managed care plans increase efficiency by all of the following means EXCEPT
1. increasing beneficiary cost sharing.
2. controlling inpatient admissions and length of stay.
3. selectively contracting with health care providers.
4. transferring the management of costs to the insureds.
Correct Answer: 4. transferring the management of costs to the insureds.
Question 6.
A basic vision care package includes all of the following EXCEPT
1. safety glasses.
2. the annual eye exam.
3. lenses and frames.
4. contact lenses.
Correct Answer: 1. safety glasses.
Question 7.
A group conversion option may be used in all the following instances EXCEPT
1. the termination of the master policy.
2. loss of coverage due to loss of employment.
3. loss of eligibility on the part of a class of insureds.
4. a life-changing event, such as marriage, divorce, or childbirth.
Correct Answer: 4. a life-changing event, such as marriage, divorce, or
childbirth.
Question 8.
What does the grace period protect the policyholder from?
1. an unintentional lapse of the policy
2. a change in mind about the initial purchase of the policy
3. mistakenly omitting a beneficiary from the initial contract
4. having to prove whether a condition is pre-existing
Correct Answer: 1. an unintentional lapse of the policy
ANSWERS 2027
Question 1.
What is the maximum amount of time an insurer has to provide the claimant the forms for
filing proof of loss?
1. 7 days
2. 15 days
3. 30 days
4. 90 days
Correct Answer: 2. 15 days
Question 2.
Which of the following is the most common method to supplement Medicare coverage?
1. Medicaid
2. Group health insurance
3. Employer Health Insurance
4. Coverage offered by private insurers
Correct Answer: 4. Coverage offered by private insurers
Question 3.
In which of the following must a beneficiary change request be filed in writing to the
insurer and is made effective by the insurance company recording the change in its
records?
1. designation option
2. recording method
3. endorsement method
4. succession of beneficiaries
Correct Answer: 2. recording method
Question 4.
Which of the following amends the Social Security Act to make Medicare secondary to
group health plans?
1. ADEA
2. ERISA
3. OBRA
4. TEFRA
Correct Answer: 4. TEFRA
, Question 5.
Managed care plans increase efficiency by all of the following means EXCEPT
1. increasing beneficiary cost sharing.
2. controlling inpatient admissions and length of stay.
3. selectively contracting with health care providers.
4. transferring the management of costs to the insureds.
Correct Answer: 4. transferring the management of costs to the insureds.
Question 6.
A basic vision care package includes all of the following EXCEPT
1. safety glasses.
2. the annual eye exam.
3. lenses and frames.
4. contact lenses.
Correct Answer: 1. safety glasses.
Question 7.
A group conversion option may be used in all the following instances EXCEPT
1. the termination of the master policy.
2. loss of coverage due to loss of employment.
3. loss of eligibility on the part of a class of insureds.
4. a life-changing event, such as marriage, divorce, or childbirth.
Correct Answer: 4. a life-changing event, such as marriage, divorce, or
childbirth.
Question 8.
What does the grace period protect the policyholder from?
1. an unintentional lapse of the policy
2. a change in mind about the initial purchase of the policy
3. mistakenly omitting a beneficiary from the initial contract
4. having to prove whether a condition is pre-existing
Correct Answer: 1. an unintentional lapse of the policy
