Florida Insurance Exam (2-15) Questions With 100% Correct Answers.

A Supplementary Medical Expense policy combines the benefits of what two types of plans? - Basic Medical and Major Medical Which of the following is not correct concerning Health Maintenance Organizations? - They mandate enrollment for groups of 25 or more. Which is not true concerning a Hospital Fixed-Rate plan? - Benefits are paid directly to the hospital When benefits are paid to a policyowner covered under a Hospital Expense policy, the policy is considered to be which of the following? - Fixed-Rate plan Which of the following about Health Reimbursement Accounts HRA's is/are correct? - HRA's are established by the employer Which of the following statements is true about Basic Hospital, Medical, and Surgical Expense Policies? - They usually have a stated limit for specific expenses. Which of the following plans used with High Deductible Health Plans is employee owned? - Health Savings Accounts (HSAs) 6. Which of the following service providers allows for a primary care physician as well as out-of-network care? - Point of Service Plan (POS) Which of the following is true about coinsurance? - It helps control overutilization of benefits. In a Basic Surgical policy, which of the following pays per point? - Relative ValueThe type of health care provider that provides both the health care services and the health care financing is a: - Health Maintenance Organization Which of the following non-insurance entities are NOT involved with self-insured plans? - Actuaries Which of the following policies would cover a student pilot taking flying lessons? - Special Risk An applicant for insurance may pay the initial premium and receive a document from the agent indicating that if the policy is issued as requested coverage begins on the date of the documents. What is this document called? - Conditional receipt How does a basic medical plan avoid small claims and keep the cost of premiums down? - by imposing benefit limits A limited risk policy will pay for dread diseases : - such as cancer