ARKANSAS HEALTH INSURANCE NEWEST 2024 WITH COMPLETE QUESTIONS
AND CORRECT VERIFIED ANSWERS (DETAILED ANSWERS) ALREADY GRADED
A+ 100% GUARANTEED TO PASS CONCEPTS!!!
If an agent makes a correction on the application for health insurance, who must initial
the correct answer? - ✔✔ANSW✔✔..The applicant
What is the term used for a written request for an insurer to issue an insurance contract
based on the provided information? - ✔✔ANSW✔✔..Application
Who is eligible for Part B Medicare? - ✔✔ANSW✔✔..Part B is optional, and is offered to
everyone who enrolls in Part A
What is another name for Old age, Survivors, and Disability Insurance benefits? -
✔✔ANSW✔✔..Social Security
What medicare part will cover lab services or diagnostic tests? - ✔✔ANSW✔✔..Part
BPar
What is another name for Medicare Advantage plans? - ✔✔ANSW✔✔..Part C
How many parts does Medicare have? - ✔✔ANSW✔✔..Four: Parts A-D
Who qualifies for Medicaid? - ✔✔ANSW✔✔..Persons with insufficient income
What is another name for Medicare Supplement plans? - ✔✔ANSW✔✔..Medigap
What is the purpose of Medicare Supplement plans? - ✔✔ANSW✔✔..To fill the gaps in
Medicare coverage
How is Part B Medicare funded? - ✔✔ANSW✔✔..By monthly premiums and from the
general revenues of the federal government
, Who qualifies for Medicare coverage? - ✔✔ANSW✔✔..People age 65 or older, or
anyone who has been entitled to Social Security disability income benefits for 2 years,
or who has chronic kidney disease
How many pints of blood will be paid for by Medicare Supplement core benefits? -
✔✔ANSW✔✔..First 3 pints
If an individual is covered by Medicare, and is also covered by his employer's health
plan, which plan would be considered primary? - ✔✔ANSW✔✔..The employer plan
At what age do individuals qualify for Medicare? - ✔✔ANSW✔✔..Age 65
What benefit is based on a primary insurance amount (PIA)? - ✔✔ANSW✔✔..Social
Security disability benefit
When is the initial enrollment period for Medicare Part A? - ✔✔ANSW✔✔..When an
individual fist becomes eligible for Medicare, starting 3 months before turning 65 and
ending 3 months after the 65th birthday
When a business receives benefits from its key person disability insurance, how are
those benefits taxed? - ✔✔ANSW✔✔..The key person disability insurance benefits are
received as tax free.
What is the purpose of managed care health insurance plans? - ✔✔ANSW✔✔..To
control health insurance claims expenses
If the insured share the cost of health insurance premiums with the employer, this would
be known as what type of group health plan? - ✔✔ANSW✔✔..Contributory
What are the five basic characteristics of managed care plans? -
✔✔ANSW✔✔..Controlled access to providers, comprehensive case management,
preventive care, risk sharing, and high quality care
Under a fully contributory health plan, how are benefits received by the employee? -
✔✔ANSW✔✔..Income tax free
What type of health insurance covers partners or corporate officers of a closely held
business? - ✔✔ANSW✔✔..Disability buy-sell
Under what employer-provided plan are the benefits taxable to an employee in
proportion to the amount of premium paid by the employer? - ✔✔ANSW✔✔..Disability
income
AND CORRECT VERIFIED ANSWERS (DETAILED ANSWERS) ALREADY GRADED
A+ 100% GUARANTEED TO PASS CONCEPTS!!!
If an agent makes a correction on the application for health insurance, who must initial
the correct answer? - ✔✔ANSW✔✔..The applicant
What is the term used for a written request for an insurer to issue an insurance contract
based on the provided information? - ✔✔ANSW✔✔..Application
Who is eligible for Part B Medicare? - ✔✔ANSW✔✔..Part B is optional, and is offered to
everyone who enrolls in Part A
What is another name for Old age, Survivors, and Disability Insurance benefits? -
✔✔ANSW✔✔..Social Security
What medicare part will cover lab services or diagnostic tests? - ✔✔ANSW✔✔..Part
BPar
What is another name for Medicare Advantage plans? - ✔✔ANSW✔✔..Part C
How many parts does Medicare have? - ✔✔ANSW✔✔..Four: Parts A-D
Who qualifies for Medicaid? - ✔✔ANSW✔✔..Persons with insufficient income
What is another name for Medicare Supplement plans? - ✔✔ANSW✔✔..Medigap
What is the purpose of Medicare Supplement plans? - ✔✔ANSW✔✔..To fill the gaps in
Medicare coverage
How is Part B Medicare funded? - ✔✔ANSW✔✔..By monthly premiums and from the
general revenues of the federal government
, Who qualifies for Medicare coverage? - ✔✔ANSW✔✔..People age 65 or older, or
anyone who has been entitled to Social Security disability income benefits for 2 years,
or who has chronic kidney disease
How many pints of blood will be paid for by Medicare Supplement core benefits? -
✔✔ANSW✔✔..First 3 pints
If an individual is covered by Medicare, and is also covered by his employer's health
plan, which plan would be considered primary? - ✔✔ANSW✔✔..The employer plan
At what age do individuals qualify for Medicare? - ✔✔ANSW✔✔..Age 65
What benefit is based on a primary insurance amount (PIA)? - ✔✔ANSW✔✔..Social
Security disability benefit
When is the initial enrollment period for Medicare Part A? - ✔✔ANSW✔✔..When an
individual fist becomes eligible for Medicare, starting 3 months before turning 65 and
ending 3 months after the 65th birthday
When a business receives benefits from its key person disability insurance, how are
those benefits taxed? - ✔✔ANSW✔✔..The key person disability insurance benefits are
received as tax free.
What is the purpose of managed care health insurance plans? - ✔✔ANSW✔✔..To
control health insurance claims expenses
If the insured share the cost of health insurance premiums with the employer, this would
be known as what type of group health plan? - ✔✔ANSW✔✔..Contributory
What are the five basic characteristics of managed care plans? -
✔✔ANSW✔✔..Controlled access to providers, comprehensive case management,
preventive care, risk sharing, and high quality care
Under a fully contributory health plan, how are benefits received by the employee? -
✔✔ANSW✔✔..Income tax free
What type of health insurance covers partners or corporate officers of a closely held
business? - ✔✔ANSW✔✔..Disability buy-sell
Under what employer-provided plan are the benefits taxable to an employee in
proportion to the amount of premium paid by the employer? - ✔✔ANSW✔✔..Disability
income
