NY SERIES 17-52 FINAL PAPER 2026 EXAM Q&A
STUDY GUIDE COMPLETE SOLUTIONS
◉ 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)
STUDY GUIDE COMPLETE SOLUTIONS
◉ 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)
