ACCIDENT AND HEALTH INSURANCE
COMPREHENSIVE EXAM SCRIPT VERIFIED
QUESTIONS COMPLETE ANSWERS
GRADED APLUS
◉ When disability buy-sell insurance benefits exceed a partner's
cost basis, which of the following is correct?
Answer: the full amount is non taxable to the partner
◉ How do birthing centers reduce medical costs?
Answer: Using certified nurse midwives
◉ what is the federal income tax liability of a death benefit paid
from a health insurance policy to a named beneficiary
Answer: benefits are not taxable
◉ Disability buy-sell agreement the policies funding the
agreement are owned by the
Answer: business entity
◉ which type of group is excluded from HIPPA rules
Answer: disability income
COMPREHENSIVE EXAM SCRIPT VERIFIED
QUESTIONS COMPLETE ANSWERS
GRADED APLUS
◉ When disability buy-sell insurance benefits exceed a partner's
cost basis, which of the following is correct?
Answer: the full amount is non taxable to the partner
◉ How do birthing centers reduce medical costs?
Answer: Using certified nurse midwives
◉ what is the federal income tax liability of a death benefit paid
from a health insurance policy to a named beneficiary
Answer: benefits are not taxable
◉ Disability buy-sell agreement the policies funding the
agreement are owned by the
Answer: business entity
◉ which type of group is excluded from HIPPA rules
Answer: disability income
