Accident and Health Insurance Practice Exam| 50 Questions| Correct 100%
Which type of coverage pays the operating costs of a small business when the owner becomes disabled? - ANSWERSCorrect answer: Business overhead expense disability insurance A group conversion option may be used in all the following instances EXCEPT - ANSWERSCorrect answer: a life-changing event, such as marriage, divorce, or childbirth. Which of the following is a characteristic of Preferred Provider Organizations (PPOs)? - ANSWERSCorrect answer: prearranged costs for services rendered Which of the following is TRUE of a point of service plan? - ANSWERSCorrect answer: A patient's care is coordinated by an in-network primary care physician. What is the major reason that insurance regulators are often critical of dread disease insurance policies? - ANSWERSCorrect answer: Buyers often think they are getting broader coverage than they actually purchase. Which plan is most commonly paired with a High Deductible Health Plan? - ANSWERSCorrect answer: Health Savings Account (HSA) Which of the following, by definition, provides benefits for expenses incurred as a result of in-hospital medical treatment and surgery as well as certain outpatient expenses such as doctor's visits, laboratory tests, and diagnostic services? - ANSWERSCorrect answer: hospitalization insurance Which of the following is considered the major advantage of HIPAA? - ANSWERSCorrect answer: portability
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