NY Accident and Health 17-52 Questions
with Correct Answers
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 ? - CORRECT ANSWER -The Fair Credit Reporting Act
What is the Fair Credit Reporting Act? - CORRECT 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? - CORRECT ANSWER -Fair Credit Reporting Act
When requesting a consumer report on a applicant, from whom must their insurer obtain
consent? - CORRECT ANSWER -The applicant
How many years must credit information be retained? - CORRECT ANSWER -7 years
What is the Gramm-Leach-Bliley Act? - CORRECT 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? - CORRECT ANSWER -Gramm-Leach-Bliley Act
Which was NOT established under the Patient Protection and Affordable Care Act (ACA)? -
CORRECT 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)? -
CORRECT ANSWER -Medicare (offered by the federal government)
The benefits paid by Medicare are most similar to? - CORRECT ANSWER -Major medical
How long after being entitled to social security benefits will an individual be eligible to receive
Medicare benefits? - CORRECT ANSWER -2 years
All the following can be used to qualify for Medicare Parts A and B EXCEPT - CORRECT ANSWER -
financial need
Medicare? - CORRECT 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? - CORRECT ANSWER -Age
What is the primary qualifier for Medicaid? - CORRECT ANSWER -Financial need
What is Medicare part B? - CORRECT 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? - CORRECT ANSWER -Part A paid for following
your retirement
What is Medicare part A? - CORRECT ANSWER -hospital insurance; inpatient hospital stays, care
in skilled nursing facility, hospice care, and some home health care.
with Correct Answers
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 ? - CORRECT ANSWER -The Fair Credit Reporting Act
What is the Fair Credit Reporting Act? - CORRECT 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? - CORRECT ANSWER -Fair Credit Reporting Act
When requesting a consumer report on a applicant, from whom must their insurer obtain
consent? - CORRECT ANSWER -The applicant
How many years must credit information be retained? - CORRECT ANSWER -7 years
What is the Gramm-Leach-Bliley Act? - CORRECT 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? - CORRECT ANSWER -Gramm-Leach-Bliley Act
Which was NOT established under the Patient Protection and Affordable Care Act (ACA)? -
CORRECT 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)? -
CORRECT ANSWER -Medicare (offered by the federal government)
The benefits paid by Medicare are most similar to? - CORRECT ANSWER -Major medical
How long after being entitled to social security benefits will an individual be eligible to receive
Medicare benefits? - CORRECT ANSWER -2 years
All the following can be used to qualify for Medicare Parts A and B EXCEPT - CORRECT ANSWER -
financial need
Medicare? - CORRECT 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? - CORRECT ANSWER -Age
What is the primary qualifier for Medicaid? - CORRECT ANSWER -Financial need
What is Medicare part B? - CORRECT 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? - CORRECT ANSWER -Part A paid for following
your retirement
What is Medicare part A? - CORRECT ANSWER -hospital insurance; inpatient hospital stays, care
in skilled nursing facility, hospice care, and some home health care.
