5/15/25, 2:47 PM Health and Accident Insurance | Quizlet
Name: Score:
33 Multiple choice questions
Term 1 of 33
Business Overhead Expense Insurance pays for?
employee salaries during a company shutdown
business expenses when a business owner becomes disabled
startup costs for a new business venture
personal expenses during a vacation
Term 2 of 33
How many employees must an employer have for a terminated employee to be eligible for
COBRA?
The amount contributed by the employer
Coordination of benefits
100%
20
Term 3 of 33
Buy-Sell Plans are typically funded by which two types of insurance?
Health insurance and Long-term care insurance
Auto insurance and Homeowners insurance
Travel insurance and Pet insurance
Life insurance and Disability insurance
https://quizlet.com/413358506/test?answerTermSides=6&promptTermSides=6&questionCount=33&questionTypes=4&showImages=true 1/11
, 5/15/25, 2:47 PM Health and Accident Insurance | Quizlet
Term 4 of 33
Without a Section 125 Plan in place, what would happen to an employee's payroll contribution to
an HSA?
It would be considered taxable income to the employee
It would be deducted from the employee's paycheck before taxes
It would be transferred to a retirement account
It would be used to pay for the employer's insurance premiums
Term 5 of 33
Health insurance involves two perils, accident and _________.
injury.
death.
unemployment.
sickness.
Term 6 of 33
Credit Accident and Health plans are designed to?
Offer life insurance benefits to beneficiaries
Help pay off existing loans during periods of disability
Provide funds for retirement savings
Cover medical expenses for family members
https://quizlet.com/413358506/test?answerTermSides=6&promptTermSides=6&questionCount=33&questionTypes=4&showImages=true 2/11
Name: Score:
33 Multiple choice questions
Term 1 of 33
Business Overhead Expense Insurance pays for?
employee salaries during a company shutdown
business expenses when a business owner becomes disabled
startup costs for a new business venture
personal expenses during a vacation
Term 2 of 33
How many employees must an employer have for a terminated employee to be eligible for
COBRA?
The amount contributed by the employer
Coordination of benefits
100%
20
Term 3 of 33
Buy-Sell Plans are typically funded by which two types of insurance?
Health insurance and Long-term care insurance
Auto insurance and Homeowners insurance
Travel insurance and Pet insurance
Life insurance and Disability insurance
https://quizlet.com/413358506/test?answerTermSides=6&promptTermSides=6&questionCount=33&questionTypes=4&showImages=true 1/11
, 5/15/25, 2:47 PM Health and Accident Insurance | Quizlet
Term 4 of 33
Without a Section 125 Plan in place, what would happen to an employee's payroll contribution to
an HSA?
It would be considered taxable income to the employee
It would be deducted from the employee's paycheck before taxes
It would be transferred to a retirement account
It would be used to pay for the employer's insurance premiums
Term 5 of 33
Health insurance involves two perils, accident and _________.
injury.
death.
unemployment.
sickness.
Term 6 of 33
Credit Accident and Health plans are designed to?
Offer life insurance benefits to beneficiaries
Help pay off existing loans during periods of disability
Provide funds for retirement savings
Cover medical expenses for family members
https://quizlet.com/413358506/test?answerTermSides=6&promptTermSides=6&questionCount=33&questionTypes=4&showImages=true 2/11
