CFP 512 Module 4 Exam
Verified Exam Questions and Answers Latest update 2026/2027
Question:
Events Causing a Change in Coverage -
Answer:
Marriage
- Divorce
- Death
- Disability
- Losing or changing jobs
- Reducing the number of hours worked
- Moving (even within the same state)
- Birth: 30 days old
- Age 26
- Age 65
Question:
Heath Insurance Portability and Accountability Act of 1996 (HIPAA) -
Answer:
Eliminated the previously detrimental aspects of changing jobs and enrolling in
a new employer group health insurance plan that included a pre-existing conditions clause.
Question:
Consolidated Omnibus Reconciliation Act of 1985 (COBRA) -
Answer:
Provides for continuation of health care benefits when an employee leaves
work (whether voluntary or involuntary).
Question:
Patient Protection and Affordable Care Act of 2010 (PPACA) -
, Answer:
law
aims to eliminate barriers on individuals' ability to acquire coverage throughout their lifetime.
Question:
Small Business Health Options Program (SHOP) -
Answer:
Open to
employers (including nonprofit organizations) with fewer than 50 full-time equivalent
employees.
Question:
Medicaid -
Answer:
a government insurance program for persons of all ages
whose income and resources are insufficient to pay for health care.
Question:
Children's Health Insurance Program (CHIP) -
Answer:
A program that
provides medical insurance for minimal premiums to children from low-income families.
Question:
Internal Limits -
Answer:
excluded treatments or controls that limit the
extent to which certain benefits may be used and paid for by the plan.
Question:
Case Management -
Answer:
another form of utilization review that is used
to control costs and ptimize patient benefits in the treatment of expensive illness such as
diabetes, hypertension, AIDS, cancer, or heart disease.
Question:
Deductible -
Verified Exam Questions and Answers Latest update 2026/2027
Question:
Events Causing a Change in Coverage -
Answer:
Marriage
- Divorce
- Death
- Disability
- Losing or changing jobs
- Reducing the number of hours worked
- Moving (even within the same state)
- Birth: 30 days old
- Age 26
- Age 65
Question:
Heath Insurance Portability and Accountability Act of 1996 (HIPAA) -
Answer:
Eliminated the previously detrimental aspects of changing jobs and enrolling in
a new employer group health insurance plan that included a pre-existing conditions clause.
Question:
Consolidated Omnibus Reconciliation Act of 1985 (COBRA) -
Answer:
Provides for continuation of health care benefits when an employee leaves
work (whether voluntary or involuntary).
Question:
Patient Protection and Affordable Care Act of 2010 (PPACA) -
, Answer:
law
aims to eliminate barriers on individuals' ability to acquire coverage throughout their lifetime.
Question:
Small Business Health Options Program (SHOP) -
Answer:
Open to
employers (including nonprofit organizations) with fewer than 50 full-time equivalent
employees.
Question:
Medicaid -
Answer:
a government insurance program for persons of all ages
whose income and resources are insufficient to pay for health care.
Question:
Children's Health Insurance Program (CHIP) -
Answer:
A program that
provides medical insurance for minimal premiums to children from low-income families.
Question:
Internal Limits -
Answer:
excluded treatments or controls that limit the
extent to which certain benefits may be used and paid for by the plan.
Question:
Case Management -
Answer:
another form of utilization review that is used
to control costs and ptimize patient benefits in the treatment of expensive illness such as
diabetes, hypertension, AIDS, cancer, or heart disease.
Question:
Deductible -
