Wisconsin Health Insurance Exam General Disability Actual 2024 Questions and Answers

Wisconsin Health Insurance Exam General Disability Actual 2024 Questions and Answers What are the 2 health insurance perils? (Disability - Accident and Health - Basics) - CORRECT ANSWER-A peril is a cause of loss. Health insurance covers two perils: accident and sickness. What's the difference between Occupational and Nonoccupational health insurance? (Disability - Accident and Health - Basics) - CORRECT ANSWER-Occupational coverage covers both on-and off-the-job injuries (for those not covered by workers compensation). Nonoccupational coverage covers off-the-job injuries only (for those covered by workers compensation). What does an AD&D policy cover / pay for? (Disability - Accident and Health - Basics) - CORRECT ANSWER-"An AD&D policy will pay the capital sum for loss of a limb, in addition to any medical expense insurance coverage that may apply." How are limited health insurance policies defined? Give an example. (Disability - Accident and Health - Basics) - CORRECT ANSWER-Limited health insurance policies (like AD&D) only cover limited perils and amounts. "What is covered in a hospital indemnity policy, and when? (Disability - Accident and Health - Basics)" - CORRECT ANSWER-A hospital indemnity policy would pay a stated amount (in addition to any other insurance the insured may have) when the insured is confined in the hospital. Do AD&D and hospital indemnity policies replace other insurance? (Disability - Accident and Health - Basics) - CORRECT ANSWER-AD&D and hospital indemnity policies do not follow the principle of indemnity. They pay in addition to other policies the insured may have. What is credit disability insurance? (Disability - Accident and Health - Basics) - CORRECT ANSWER-Credit disability insurance will pay an insured's car payments if the insured is sick or injured and cannot work. How are blanket disability policies defi