NY Accident and Health 17-52 Final
Exam Questions .
If an insurance company obtains an investigative consumer report on a prospective insured , it MUST
inform the prospect that it is permitted to do so under which of the following Federal laws ? - Answer
The Fair Credit Reporting Act
What is the Fair Credit Reporting Act? - Answer established procedures that consumer-reporting
agencies must follow in order to ensure that records are confidential, accurate, relevant, and properly
used
Obtaining consumer information reports under false pretenses is prosecutable by which of the
following? - Answer Fair Credit Reporting Act
When requesting a consumer report on a applicant, from whom must their insurer obtain consent? -
Answer The applicant
How many years must credit information be retained? - Answer 7 years
What is the Gramm-Leach-Bliley Act? - Answer Establishes rules for financial institutions on privacy
notices that must be sent to consumers informing what information is collected, how it's shared and
used, and how it is protected.
Which federal law requires financial institutions to provide the consumer with information on how
personal information is used? - Answer Gramm-Leach-Bliley Act
Which was NOT established under the Patient Protection and Affordable Care Act (ACA)? - Answer High
deductible health plans (HDHP) (HDHP is established by the IRS and not the ACA)
Which insurance plans are commonly offered through the worksite (employer sponsored)? - Answer
Medicare (offered by the federal government)
, The benefits paid by Medicare are most similar to? - Answer Major medical
How long after being entitled to social security benefits will an individual be eligible to receive Medicare
benefits? - Answer 2 years
All the following can be used to qualify for Medicare Parts A and B EXCEPT - Answer financial need
Medicare? - Answer A federal program of health insurance for persons 65 years of age and older,
people who have be entitled for social security disability, or people who have permanent kidney failure
etc...
What is the primary qualifier for Medicare? - Answer Age
What is the primary qualifier for Medicaid? - Answer Financial need
What is Medicare part B? - Answer medical insurance that covers outpatient medical services; services
from doctors and other health care providers, home health care, medical equipment
Which statement regarding Medicare is FLASE? - Answer Part A paid for following your retirement
What is Medicare part A? - Answer hospital insurance; inpatient hospital stays, care in skilled nursing
facility, hospice care, and some home health care.
Under the Medicare Part B home health care benefit, all of the following are eligible expenses EXCEPT -
Answer blood transfusions
Under Medicare supplement Policy, preexisting conditions CANNOT be excluded after how many months
from the effective date of the policy? - Answer 6 months
Which of the following plans can be purchased to provide coverage in place of Medicare Parts A and B
combined? - Answer Medicare Advantage (part C)
Exam Questions .
If an insurance company obtains an investigative consumer report on a prospective insured , it MUST
inform the prospect that it is permitted to do so under which of the following Federal laws ? - Answer
The Fair Credit Reporting Act
What is the Fair Credit Reporting Act? - Answer established procedures that consumer-reporting
agencies must follow in order to ensure that records are confidential, accurate, relevant, and properly
used
Obtaining consumer information reports under false pretenses is prosecutable by which of the
following? - Answer Fair Credit Reporting Act
When requesting a consumer report on a applicant, from whom must their insurer obtain consent? -
Answer The applicant
How many years must credit information be retained? - Answer 7 years
What is the Gramm-Leach-Bliley Act? - Answer Establishes rules for financial institutions on privacy
notices that must be sent to consumers informing what information is collected, how it's shared and
used, and how it is protected.
Which federal law requires financial institutions to provide the consumer with information on how
personal information is used? - Answer Gramm-Leach-Bliley Act
Which was NOT established under the Patient Protection and Affordable Care Act (ACA)? - Answer High
deductible health plans (HDHP) (HDHP is established by the IRS and not the ACA)
Which insurance plans are commonly offered through the worksite (employer sponsored)? - Answer
Medicare (offered by the federal government)
, The benefits paid by Medicare are most similar to? - Answer Major medical
How long after being entitled to social security benefits will an individual be eligible to receive Medicare
benefits? - Answer 2 years
All the following can be used to qualify for Medicare Parts A and B EXCEPT - Answer financial need
Medicare? - Answer A federal program of health insurance for persons 65 years of age and older,
people who have be entitled for social security disability, or people who have permanent kidney failure
etc...
What is the primary qualifier for Medicare? - Answer Age
What is the primary qualifier for Medicaid? - Answer Financial need
What is Medicare part B? - Answer medical insurance that covers outpatient medical services; services
from doctors and other health care providers, home health care, medical equipment
Which statement regarding Medicare is FLASE? - Answer Part A paid for following your retirement
What is Medicare part A? - Answer hospital insurance; inpatient hospital stays, care in skilled nursing
facility, hospice care, and some home health care.
Under the Medicare Part B home health care benefit, all of the following are eligible expenses EXCEPT -
Answer blood transfusions
Under Medicare supplement Policy, preexisting conditions CANNOT be excluded after how many months
from the effective date of the policy? - Answer 6 months
Which of the following plans can be purchased to provide coverage in place of Medicare Parts A and B
combined? - Answer Medicare Advantage (part C)
