ExamFX Health Final Exam Questions With Complete Solutions

Basic Hospital Expense Coverage correct answer: Surgeon's fees are NOT covered under... Hospital expense policies correct answer: ... cover hospital room and board, and miscellaneous hospital expenses, such as lab and x-ray charges, medicines, use of operating room and supplies, while the insured is confined in a hospital. The insured is not required to pay a deductible. correct answer: Which of the following best describes the "first-dollar coverage" principle in basic medical insurance? First-dollar coverage correct answer: Insurance plans that cover all basic medical spending, with little or no patient payment. Conversion factor correct answer: In a relative value system of determining coverage for a given procedure, what term describes the total amount payable per point? Hospital, Surgical, Medical correct answer: What are the three basic coverages for medical expense insurance? Medical expense insurance correct answer: Basic medical policies and major medical policies are commonly grouped into... Basic Medical Expense Coverage correct answer: Surgeon's services are NOT covered under what? 15-day waiting period/ 10-year benefit period correct answer: Which of the following disability income policies would have the highest premium? A deductible correct answer: A specified dollar amount that the insured must pay first before the insurance company will pay the policy benefits. The purpose of a deductible is to correct answer: Absorb the smaller claims, while the coverage provided under the policy will absorb the larger claims. The higher the rate is, the lower the premium is. 26 correct answer: The Patient Protection and Affordable Care Act mandates that insurers provide coverage for adult children of the insured up to the age of... The Patient Protection and Affordable Care Act correct answer: This law extends coverage for children of the insu