NY Accident and Health 17-52 exam with
complete solutions.
NY Accident and Health 17-52 exam with
complete solutions.
If an insurance company obtains an investigative consumer report on a prospective
insured , it MUST inform the prospect that it is permitted to do so under which of the
following Federal laws ? - Answer = The Fair Credit Reporting Act
What is the Fair Credit Reporting Act? - Answer = established procedures that
consumer-reporting agencies must follow in order to ensure that records are
confidential, accurate, relevant, and properly used
Obtaining consumer information reports under false pretenses is prosecutable by which
of the following? - Answer = Fair Credit Reporting Act
When requesting a consumer report on a applicant, from whom must their insurer obtain
consent? - Answer = The applicant
How many years must credit information be retained? - Answer = 7 years
What is the Gramm-Leach-Bliley Act? - Answer = Establishes rules for financial
institutions on privacy notices that must be sent to consumers informing what
information is collected, how it's shared and used, and how it is protected.
Which federal law requires financial institutions to provide the consumer with
information on how personal information is used? - Answer = Gramm-Leach-Bliley Act
Which was NOT established under the Patient Protection and Affordable Care Act
(ACA)? - Answer = High deductible health plans (HDHP) (HDHP is established by the
IRS and not the ACA)
Which insurance plans are commonly offered through the worksite (employer
sponsored)? - Answer = Medicare (offered by the federal government)
The benefits paid by Medicare are most similar to? - Answer = Major medical
How long after being entitled to social security benefits will an individual be eligible to
receive Medicare benefits? - Answer = 2 years
All the following can be used to qualify for Medicare Parts A and B EXCEPT - Answer =
financial need
, NY Accident and Health 17-52 exam with
complete solutions.
Medicare? - Answer = A federal program of health insurance for persons 65 years of
age and older, people who have be entitled for social security disability, or people who
have permanent kidney failure etc...
What is the primary qualifier for Medicare? - Answer = Age
What is the primary qualifier for Medicaid? - Answer = Financial need
What is Medicare part B? - Answer = medical insurance that covers outpatient medical
services; services from doctors and other health care providers, home health care,
medical equipment
Which statement regarding Medicare is FLASE? - Answer = Part A paid for following
your retirement
What is Medicare part A? - Answer = hospital insurance; inpatient hospital stays, care in
skilled nursing facility, hospice care, and some home health care.
Under the Medicare Part B home health care benefit, all of the following are eligible
expenses EXCEPT - Answer = blood transfusions
Under Medicare supplement Policy, preexisting conditions CANNOT be excluded after
how many months from the effective date of the policy? - Answer = 6 months
Which of the following plans can be purchased to provide coverage in place of Medicare
Parts A and B combined? - Answer = Medicare Advantage (part C)
Which part of Medicare is also known as Medicare Advantage? - Answer = Part C
What part of Medicare covers prescription drugs? - Answer = Part D
Which of the following is the most common method to supplement Medicare coverage -
Answer = Coverage offered by private insurers
A woman is diagnosed with Alzheimer's 3 months before she applies for a Medicare
Supplement policy. Can her condition be excluded under her MSP? - Answer = Yes, but
her condition will be covered after 6 months
What is the primary purpose of a Medicare Supplement policy (MSP)? - Answer = to
pay for many of the medical expenses that Medicare coverage does not. (Fill in the
gaps in Medicare)
What is the purpose of a Medicare Supplement policy (MSP)? - Answer = pay for
medical expenses not covered by Medicare. (Fill in coverage holes)
complete solutions.
NY Accident and Health 17-52 exam with
complete solutions.
If an insurance company obtains an investigative consumer report on a prospective
insured , it MUST inform the prospect that it is permitted to do so under which of the
following Federal laws ? - Answer = The Fair Credit Reporting Act
What is the Fair Credit Reporting Act? - Answer = established procedures that
consumer-reporting agencies must follow in order to ensure that records are
confidential, accurate, relevant, and properly used
Obtaining consumer information reports under false pretenses is prosecutable by which
of the following? - Answer = Fair Credit Reporting Act
When requesting a consumer report on a applicant, from whom must their insurer obtain
consent? - Answer = The applicant
How many years must credit information be retained? - Answer = 7 years
What is the Gramm-Leach-Bliley Act? - Answer = Establishes rules for financial
institutions on privacy notices that must be sent to consumers informing what
information is collected, how it's shared and used, and how it is protected.
Which federal law requires financial institutions to provide the consumer with
information on how personal information is used? - Answer = Gramm-Leach-Bliley Act
Which was NOT established under the Patient Protection and Affordable Care Act
(ACA)? - Answer = High deductible health plans (HDHP) (HDHP is established by the
IRS and not the ACA)
Which insurance plans are commonly offered through the worksite (employer
sponsored)? - Answer = Medicare (offered by the federal government)
The benefits paid by Medicare are most similar to? - Answer = Major medical
How long after being entitled to social security benefits will an individual be eligible to
receive Medicare benefits? - Answer = 2 years
All the following can be used to qualify for Medicare Parts A and B EXCEPT - Answer =
financial need
, NY Accident and Health 17-52 exam with
complete solutions.
Medicare? - Answer = A federal program of health insurance for persons 65 years of
age and older, people who have be entitled for social security disability, or people who
have permanent kidney failure etc...
What is the primary qualifier for Medicare? - Answer = Age
What is the primary qualifier for Medicaid? - Answer = Financial need
What is Medicare part B? - Answer = medical insurance that covers outpatient medical
services; services from doctors and other health care providers, home health care,
medical equipment
Which statement regarding Medicare is FLASE? - Answer = Part A paid for following
your retirement
What is Medicare part A? - Answer = hospital insurance; inpatient hospital stays, care in
skilled nursing facility, hospice care, and some home health care.
Under the Medicare Part B home health care benefit, all of the following are eligible
expenses EXCEPT - Answer = blood transfusions
Under Medicare supplement Policy, preexisting conditions CANNOT be excluded after
how many months from the effective date of the policy? - Answer = 6 months
Which of the following plans can be purchased to provide coverage in place of Medicare
Parts A and B combined? - Answer = Medicare Advantage (part C)
Which part of Medicare is also known as Medicare Advantage? - Answer = Part C
What part of Medicare covers prescription drugs? - Answer = Part D
Which of the following is the most common method to supplement Medicare coverage -
Answer = Coverage offered by private insurers
A woman is diagnosed with Alzheimer's 3 months before she applies for a Medicare
Supplement policy. Can her condition be excluded under her MSP? - Answer = Yes, but
her condition will be covered after 6 months
What is the primary purpose of a Medicare Supplement policy (MSP)? - Answer = to
pay for many of the medical expenses that Medicare coverage does not. (Fill in the
gaps in Medicare)
What is the purpose of a Medicare Supplement policy (MSP)? - Answer = pay for
medical expenses not covered by Medicare. (Fill in coverage holes)
