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Accident and Health Insurance Exam
Questions WITH ACCURATE ANSWERS |
MULTIPLE CHOICES |!!
Health Insurance - (ANSWER)offset risk of disability or prolonged illness
2 ways to purchase health insurance - (ANSWER)group plan & individual plan
2 perils of health insurance - (ANSWER)sickness & accident
2 kinds of losses in health insurance - (ANSWER)medical bills & lost income
2 types of health insurance policies - (ANSWER)medical expense policies &
disability income policies
Medical Expense Policies pay: - (ANSWER)the doctors, nurses, hospitals
Disability Income Policies pay: - (ANSWER)insured as replacement check
Medical Expense - (ANSWER)Which Health Insurance policy?
-whole family covered
-paid immediately
- no guaranteed premiums (adjustable)
, 2
- dollar deductible
Disability Income - (ANSWER)Which Health Insurance Policy?
- wage earner covered
- paid monthly or bi-weekly according to paychecks
- guaranteed premiums
- deductible = elimination period
Elimination Period - (ANSWER)time without benefits
Deductible - (ANSWER)Amount you must pay before you begin receiving any
benefits from your insurance company
Blue Cross/Blue Shield - (ANSWER)Prepaid medical benefits for "subscribers" @
approved facilities; many non-profit.
Health Maintenance Organization (HMO) - (ANSWER)an organization that
provides comprehensive medical care to subscribers for a fixed fee
-early treatment
-preventive medicine
- out-patient treatment
Accident and Health Insurance Exam
Questions WITH ACCURATE ANSWERS |
MULTIPLE CHOICES |!!
Health Insurance - (ANSWER)offset risk of disability or prolonged illness
2 ways to purchase health insurance - (ANSWER)group plan & individual plan
2 perils of health insurance - (ANSWER)sickness & accident
2 kinds of losses in health insurance - (ANSWER)medical bills & lost income
2 types of health insurance policies - (ANSWER)medical expense policies &
disability income policies
Medical Expense Policies pay: - (ANSWER)the doctors, nurses, hospitals
Disability Income Policies pay: - (ANSWER)insured as replacement check
Medical Expense - (ANSWER)Which Health Insurance policy?
-whole family covered
-paid immediately
- no guaranteed premiums (adjustable)
, 2
- dollar deductible
Disability Income - (ANSWER)Which Health Insurance Policy?
- wage earner covered
- paid monthly or bi-weekly according to paychecks
- guaranteed premiums
- deductible = elimination period
Elimination Period - (ANSWER)time without benefits
Deductible - (ANSWER)Amount you must pay before you begin receiving any
benefits from your insurance company
Blue Cross/Blue Shield - (ANSWER)Prepaid medical benefits for "subscribers" @
approved facilities; many non-profit.
Health Maintenance Organization (HMO) - (ANSWER)an organization that
provides comprehensive medical care to subscribers for a fixed fee
-early treatment
-preventive medicine
- out-patient treatment
