PSI NY Accident and Health Insurance Agent Broker Practice Exam.pdf file:///C:/Users/HP/Desktop/eewwww/PSI%20NY%20Accident%20
PSI NY Accident and Health Insurance
Agent/Broker Practice Exam
1. Sally is considering her Medicare options. She understands that to enroll in Medicare
Part B, she will have to pay a monthly premium. Since she is healthy, she is considering
delaying her enrollment until later. Will she be able to enroll at a later date?
1. Yes, she can enroll at anytime in the future
2. Yes, however; she would have a permanent premium penalty when she does enroll
3. No, this is a take or leave it situation
4. Yes, but she would have to show evidence of good health.
ANS Yes, however; she would have a permanent premium penalty when she does enroll
2. Under Medicare Part A, a spell of illness begins again and is subject to a new
deductible for another admission when
1. The patient has been discharged from a prior stay and 45 days have elapsed
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,PSI NY Accident and Health Insurance Agent Broker Practice Exam.pdf file:///C:/Users/HP/Desktop/eewwww/PSI%20NY%20Accident%20
2. The patient has been discharged from a prior stay and 30 days have elapsed
3. The patient has been discharged from a prior stay and 60 days have elapsed
4. The patient has been discharged from a prior stay and 90 days have elapsed-
ANS The patient has been discharged from a prior stay and 60 days have elapsed
3. What type of insurer retains risk?
1.Government insurance.
2.Reinsurers.
3.Self insurers.
4.Assessment insurers.
ANS Self insurers.
4. A variety of types of care are provided under a long-term care policy. All of the
following are types of care generally provided EXCEPT
1.Home health care
2.Intensive care 3.Custodial
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,PSI NY Accident and Health Insurance Agent Broker Practice Exam.pdf file:///C:/Users/HP/Desktop/eewwww/PSI%20NY%20Accident%20
care
4. Skilled care
ANS Intensive care
5. Melvin has a long-term care policy with a 30-day elimination period. The policy has a
daily benefit of $100/day.The policy has a 3-year benefit period. If Melvin is confined to a
nursing home for 9 months, how much in benefits will his policy pay?
1. $27,000
2. $18,000
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,PSI NY Accident and Health Insurance Agent Broker Practice Exam.pdf file:///C:/Users/HP/Desktop/eewwww/PSI%20NY%20Accident%20
3. $24,000
4. $17,000
ANS $24,000
6. Martin and his friends were at a local tavern celebrating his birthday. Martin left the bar
to drive home, but unfortunately, he was involved in a fatal accident, killing himself and two
other individuals. An autopsy reveals that Martin was well above the legal limit on his
blood alcohol test. Martin's family will receive the following from his Accidental Death
and Dismemberment policy
1. His family will receive reduced benefits since other deaths were involved.
2. His family will receive the principal sum since this was death
3. His family will receive no benefits, since he was in the act of committing a felony
4. His family will receive no benefits since there was no dismemberment involved.
ANS His family will receive no benefits, since he was in the act of committing a felony
7. An exclusion that always appears in a health policy is
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PSI NY Accident and Health Insurance
Agent/Broker Practice Exam
1. Sally is considering her Medicare options. She understands that to enroll in Medicare
Part B, she will have to pay a monthly premium. Since she is healthy, she is considering
delaying her enrollment until later. Will she be able to enroll at a later date?
1. Yes, she can enroll at anytime in the future
2. Yes, however; she would have a permanent premium penalty when she does enroll
3. No, this is a take or leave it situation
4. Yes, but she would have to show evidence of good health.
ANS Yes, however; she would have a permanent premium penalty when she does enroll
2. Under Medicare Part A, a spell of illness begins again and is subject to a new
deductible for another admission when
1. The patient has been discharged from a prior stay and 45 days have elapsed
1 of 102 8/2/2024, 4:45
,PSI NY Accident and Health Insurance Agent Broker Practice Exam.pdf file:///C:/Users/HP/Desktop/eewwww/PSI%20NY%20Accident%20
2. The patient has been discharged from a prior stay and 30 days have elapsed
3. The patient has been discharged from a prior stay and 60 days have elapsed
4. The patient has been discharged from a prior stay and 90 days have elapsed-
ANS The patient has been discharged from a prior stay and 60 days have elapsed
3. What type of insurer retains risk?
1.Government insurance.
2.Reinsurers.
3.Self insurers.
4.Assessment insurers.
ANS Self insurers.
4. A variety of types of care are provided under a long-term care policy. All of the
following are types of care generally provided EXCEPT
1.Home health care
2.Intensive care 3.Custodial
2 of 102 8/2/2024, 4:45
,PSI NY Accident and Health Insurance Agent Broker Practice Exam.pdf file:///C:/Users/HP/Desktop/eewwww/PSI%20NY%20Accident%20
care
4. Skilled care
ANS Intensive care
5. Melvin has a long-term care policy with a 30-day elimination period. The policy has a
daily benefit of $100/day.The policy has a 3-year benefit period. If Melvin is confined to a
nursing home for 9 months, how much in benefits will his policy pay?
1. $27,000
2. $18,000
3 of 102 8/2/2024, 4:45
,PSI NY Accident and Health Insurance Agent Broker Practice Exam.pdf file:///C:/Users/HP/Desktop/eewwww/PSI%20NY%20Accident%20
3. $24,000
4. $17,000
ANS $24,000
6. Martin and his friends were at a local tavern celebrating his birthday. Martin left the bar
to drive home, but unfortunately, he was involved in a fatal accident, killing himself and two
other individuals. An autopsy reveals that Martin was well above the legal limit on his
blood alcohol test. Martin's family will receive the following from his Accidental Death
and Dismemberment policy
1. His family will receive reduced benefits since other deaths were involved.
2. His family will receive the principal sum since this was death
3. His family will receive no benefits, since he was in the act of committing a felony
4. His family will receive no benefits since there was no dismemberment involved.
ANS His family will receive no benefits, since he was in the act of committing a felony
7. An exclusion that always appears in a health policy is
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