Massachusetts Life and Health
Insurance Exam
(Guaranteed Association) Maximum benefits for any one life- Basic hospital,
medical, and surgical insurance or major medical insurance benefits
Answer:
$500,000
(Guaranteed Association) Maximum benefits for any one life- Disability insurance
benefits
Answer:
$300,000
(Guaranteed Association) Maximum benefits for any one life- Life insurance cash
values
Answer:
$100,000
(Guaranteed Association) Maximum benefits for any one life- Life insurance death
benefits
Answer:
,$300,000
(Guaranteed Association) Maximum benefits for any one life- Long Term Care
insurance benefits
Answer:
$300,000
(Guaranteed Association) Maximum benefits for any one life- Other health
insurance benefits
Answer:
$100,000
(Guaranteed Association) Maximum benefits for any one life- Present value on
annuity benefits
Answer:
$250,000
`Roth IRA
Answer:
Contributions not tax deductibe
,limits same as IRA
Qualified Distributions are tax free
4 types of medicare advantage plans
Answer:
-Medicare Managed Care Plans
HMO or POS
-PPO
No gate keeper, more cost if outside network
-Private fee for service plans
plans negotiates the fees that providers will be paid
-Medicare Specialty plans
Special needs such as kidney failure
A commissioner must give how many days advance notice of a hearing?
Answer:
21 Days
, A- CANHAM Risks
Answer:
Accidental
A- CANHAM Risks
Answer:
Affordable
A- Method of handling risk
Answer:
Avoidance
ACA
Answer:
PPACA, Obamacare, and health care reform
Signed in 2010 with reforms
Additional refrms began jan 2014
Insurance Exam
(Guaranteed Association) Maximum benefits for any one life- Basic hospital,
medical, and surgical insurance or major medical insurance benefits
Answer:
$500,000
(Guaranteed Association) Maximum benefits for any one life- Disability insurance
benefits
Answer:
$300,000
(Guaranteed Association) Maximum benefits for any one life- Life insurance cash
values
Answer:
$100,000
(Guaranteed Association) Maximum benefits for any one life- Life insurance death
benefits
Answer:
,$300,000
(Guaranteed Association) Maximum benefits for any one life- Long Term Care
insurance benefits
Answer:
$300,000
(Guaranteed Association) Maximum benefits for any one life- Other health
insurance benefits
Answer:
$100,000
(Guaranteed Association) Maximum benefits for any one life- Present value on
annuity benefits
Answer:
$250,000
`Roth IRA
Answer:
Contributions not tax deductibe
,limits same as IRA
Qualified Distributions are tax free
4 types of medicare advantage plans
Answer:
-Medicare Managed Care Plans
HMO or POS
-PPO
No gate keeper, more cost if outside network
-Private fee for service plans
plans negotiates the fees that providers will be paid
-Medicare Specialty plans
Special needs such as kidney failure
A commissioner must give how many days advance notice of a hearing?
Answer:
21 Days
, A- CANHAM Risks
Answer:
Accidental
A- CANHAM Risks
Answer:
Affordable
A- Method of handling risk
Answer:
Avoidance
ACA
Answer:
PPACA, Obamacare, and health care reform
Signed in 2010 with reforms
Additional refrms began jan 2014
