PSI Practice Test Review Exam
Questions and Answers
Which coverage pays a monthly cash benefit following the elimination period for total
disability due to accident or sickness? - Answer-Disability income insurance
Which plan is most commonly paired with a High Deductible Health Plan? - Answer-
Health Savings Account (HSA)
Which is a primary difference between individual and group health insurance? - Answer-
Individual insurance requires evidence of insurability.
Which type of coverage pays the operating costs of a small business when the owner
becomes disabled? - Answer-Business overhead expense disability insurance
In which type of insurance is individually purchased coverage commonly more
economical than group offered coverage? - Answer-Long term care insurance
A basic vision care package includes all of the following EXCEPT - Answer-Safety
glasses
What is the major reason that insurance regulators are often critical of dread disease
insurance policies? - Answer-Buyers often think they are getting broader coverage than
they actually purchase.
Which of the following is considered the major advantage of HIPAA? - Answer-
portability
Which of the following, by definition, provides benefits for expenses incurred as a result
of in-hospital medical treatment and surgery as well as certain outpatient expenses
such as doctor's visits, laboratory tests, and diagnostic services? - Answer-
hospitalization insurance
A group conversion option may be used in all the following instances EXCEPT -
Answer-a life-changing event, such as marriage, divorce, or childbirth.
Which of the following is TRUE of a point of service plan? - Answer-A patient's care is
coordinated by an in-network primary care physician.
Which of the following is a characteristic of Preferred Provider Organizations (PPOs)? -
Answer-prearranged costs for services rendered
Which of the following is the most common method to supplement Medicare coverage?
- Answer-Coverage offered by private insurers
Questions and Answers
Which coverage pays a monthly cash benefit following the elimination period for total
disability due to accident or sickness? - Answer-Disability income insurance
Which plan is most commonly paired with a High Deductible Health Plan? - Answer-
Health Savings Account (HSA)
Which is a primary difference between individual and group health insurance? - Answer-
Individual insurance requires evidence of insurability.
Which type of coverage pays the operating costs of a small business when the owner
becomes disabled? - Answer-Business overhead expense disability insurance
In which type of insurance is individually purchased coverage commonly more
economical than group offered coverage? - Answer-Long term care insurance
A basic vision care package includes all of the following EXCEPT - Answer-Safety
glasses
What is the major reason that insurance regulators are often critical of dread disease
insurance policies? - Answer-Buyers often think they are getting broader coverage than
they actually purchase.
Which of the following is considered the major advantage of HIPAA? - Answer-
portability
Which of the following, by definition, provides benefits for expenses incurred as a result
of in-hospital medical treatment and surgery as well as certain outpatient expenses
such as doctor's visits, laboratory tests, and diagnostic services? - Answer-
hospitalization insurance
A group conversion option may be used in all the following instances EXCEPT -
Answer-a life-changing event, such as marriage, divorce, or childbirth.
Which of the following is TRUE of a point of service plan? - Answer-A patient's care is
coordinated by an in-network primary care physician.
Which of the following is a characteristic of Preferred Provider Organizations (PPOs)? -
Answer-prearranged costs for services rendered
Which of the following is the most common method to supplement Medicare coverage?
- Answer-Coverage offered by private insurers
