Xcel Final 243 Exam Questions And Answers

Typically, Long-Term Disability benefits are coordinated with which benefit plan? - ️️Social Security The focus of major medical insurance is providing coverage for - ️️medical and hospitalization expenses An insured under a Major Medical expense plan with a zero deductible and 80/20 coinsurance provision files a $1,000 claim. How much of this claim is the insured responsible for? - ️️$200 because this policy has a zero deductible, the insures is only responsible for the 20% coinsurance on this claim, or $200 An insured has a stop-loss limit of $5,000 and an 80/20 coinsurance. The insured incurs $25,000 of covered losses. How much will the insured pay? - ️️$5,000 Which type of plan would be the most appropriate for an individual on Medicare and concerned that Medicare will NOT pay for charges exceeding the approved amount? - ️️Medicare supplement Plan F When can a group health policy renewal be denied according to the Health Insurance Portability and Accountability Act (HIPAA)? - ️️when contribution or participation rules have been violated What does the word "level: in Level Term describe? - ️️the face amount A non-contributory health insurance plan helps the insurer avoid - ️️adverse selection