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? - 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) - deductible When a producer submits an insurance applicaton, the application is REQUIRED to contain the producer's - name and address Which of these provisions is required under an inidvidual Accident and Health policy? - renewal, continuation, or nonrenewal provision Without a Section 125 Plan in place, what would happen to an employee's payroll contribution to an HSA? - 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 - 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? - submit the claim in any form Kathy pays a monthly premium on her health insurance policy. How long is her grace period? - 10 days All of the following statements correctly describe the purpose of Social Security EXCEPT - 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? - 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 - 30 A(n) _____lines producer may sell Travel Accident insurance in Illinois - limited Benefits provided by a Medicare Supplement policy must NOT - duplicate Medicare benefits Which of these would NOT be considered a presumptive disability? - loss of a leg or arm