Comprehensive Final Certification Exam: Illinois Health Insurance (Xcel Solutions)

Comprehensive Final Certification Exam: Illinois Health Insurance (Xcel Solutions) Which type of long-term care benefit would be most appropriate for a stroke victim who requires speech therapy administered at her home? - Answer ️️ -home health care Jennifer is required to pay a specific sum out of pocket before any benefits are paid in a year. Her health policy most likely contains a(n) - Answer ️️ -deductible When a producer submits an insurance applicaton, the application is REQUIRED to contain the producer's - Answer ️️ -name and address Which of these provisions is required under an inidvidual Accident and Health policy? - Answer ️️ -renewal, continuation, or nonrenewal provision Without a Section 125 Plan in place, what would happen to an employee's payroll contribution to an HSA? - Answer ️️ -it would be considered taxable income to the employee If an insurance company issues a Disability Income policy that it cannot cancel or for which it cannot increase premiums, the type of renewability that best desribes this policy is called - Answer ️️ -noncancellable What should an insured do if the insurer does not send claims forms within the time period set forth in a health policy's Claims Forms provision? - Answer ️️ -submit the claim in any form Kathy pays a monthly premium on her health insurance policy. How long is her grace period? - Answer ️️ -10 days All of the following statements correctly describe the purpose of Social Security EXCEPT - Answer ️️ -it provides a source of income for a meaningful standard of living during retirement Ted has a health insurance plan that requires him to pay a specific sum out of pocket before any benefits are paid in a calendar year. Which of these does his health plan have? - Answer ️️ - Calendar-year deductible A policyowner decides to cancel an insurance policy within 90 days of the issue date. As a result of this cancellation, the producer is REQUIRED to refund a prorated portion of any fee charged within __ days of recieving the cancellation notice - Answer ️️ -30 A(n) _____lines producer may sell Travel Accident insurance in Illinois - Answer ️️ -limited