NC Health Insurance 79 Questions with 100% Correct Answers | Verified | Updated 2024

Which of the following provides coverage on a first-dollar basis? - ️️Basic expense. Which of the following answers does NOT describe the principal goal of a Preferred Provider Organization? - ️️Provide medical services only from physicians in the network. A small business owner is the insured under a disability policy that funds a buy-sell agreement. If the owner dies or becomes disabled, the policy would provide which of the following? - ️️Cash to the owner's business partner to accomplish a buyout. What is the maximum age for qualifying for a catastrophic plan? - ️️30. In a relative value system of determining coverage for a given procedure, what term describes the total amount payable per point? - ️️Conversion factor. According to the PPACA rules, what percentage of the health care costs will be covered under the bronze plan? - ️️60%. An insured is hospitalized for a back injury. Upon checking his income disability, he learns that he will not be eligible for benefits for at least 30 days. This would incdicate that his policy was probably written with a 30 day - ️️Elimination period. Which type of medical policy pays a fixed amount each day that the insured is in the hospital? - ️️Indemnity. Social Security Supplement (SIS) or Social Security Riders would provide for the payment of income benefits in each of the situations below EXCEPT - ️️When the amount payable under Social Security is more than the amount payable under the rider.