CA Insurance Exam Questions with highest rating

What is it called when a doctor accepts the medicare approved amount? - ANSWER-Assignment Which is not included on an insurance premium? Number of beneficiaries, mortality cost, insurers expenses, investment return - ANSWER-number of beneficiaries What type of insurance covers acute care? - ANSWER-medical insurance Who is eligible for tax-sheltered annuities? - ANSWER-non-profit, teachers, religious people, etc. What's the minimum number of members required for group insurance in California? - ANSWER-10 Accidental Death Benefit Rider - ANSWER-doubles the face amount of life insurance if death occurs as a result of an accident When is the annual open enrollment period for state insurance exchange? - ANSWER-November1 through Jan31 Catastrophic plans usually have what type of deductible and premium? - ANSWER-High deductible, low premium The grace period of health insurance may be 7,10, or 30 days depending on what? - ANSWER-The premium mode (frequency of payment) How many tiers must be included in each treatment category of a Medicare prescription drug list? - ANSWER-2