APEA Practice Exam #2 Correct Questions AND Answers!

APEA Practice Exam #2 Corre A liability policy that pays claims even after the policy is no longer active is termed: a) Claims-made policy b) Tail coverage c) Liability protection d) "all-protect" - ANSWER B A patient you are caring for in your clinic has Medicare Part B. What does this mean? a) The federal government will pay for his visit to your clinic today b) His Medicare benefit covers outpatient services c) He will have to pay a copay for his visit today d) His prescriptions will be partly paid for today - ANSWER B Certification a) Is required in all 50 states b) Validates competence c) Is recognized by all 50 states d) Provides for title protection - ANSWER B A liability policy that pays claims only during the period that the policy is active is termed: a) Claims-made policy b) Tail coverage c) Liability protection d) Bobtail coverage - ANSWER A The Medicaid health program is: a) Funded with premiums from participants b) Covers an unlimited number of adult visits c) Funded by both state and federal governments d) Basically the same from state to state - ANSWER C Licensure is: a) Used to establish a designated level of professional competence b) Contigent on certification c) Intended to limit entry in the profession d) Necessary for reimbursement - ANSWER A Prescriptive authority: a) Is a right of every practicing nurse practitioner b ct Questions AND Answers!