EXAMFX LIFE AND HEALTH EXAM |
update|COMPLETE MOST TESTED QUESTIONS AND
VERIFIED ANSWERS (100% Correct solutions)| GET IT
RIGHT!! | ALREADY GRADED A+
Subrogation - (answers)the transfer of an insured's right to seek damages from a
negligent party to the insurer is found in which of the following clauses?
control health insurance claims expenses - (answers)the purpose of managed care
health insurance is to
the insurance through his company is primary - (answers)a man works for
company A and his wife works for company B. The spouses are covered by health
plans through their respective companies that also cover the other spouse. If the
husband files a claim
a permanent resident lawfully present in the U.S. - (answers)which of the
following individuals will be eligible for coverage on the Health Insurance
Marketplace?
present earnings and earnings prior to disability - (answers)which of the following
are the main factors taken into account when calculating residual disability benefits
100% - (answers)S is a sole business proprietor who owns a medical expense plan.
what percentage of the cost of the plan may he deduct?
pregnancy will be covered immidiately - (answers)A woman obtains health
coverage through the Marketplace on October 1. Two weeks later she finds out that
,she is 3 months pregnant. Which of the following is true about coverage for
pregnancy?
Payment is limited to a certain period of time - (answers)which of the following
applies to partial disability benefits
when the expenses exceed a certain percentage of the insured's adjusted gross
income - (answers)when may an insured deduct unreimbursed medical expenses
paid under a long term care policy
occupational - (answers)an insured has health insurance that covers them at work
and at home. this policy has written on what basis?
Work-related disability - (answers)workers compensation insurance covers a
worker's medical expenses resulting from work related sickness or injuries and
covers loss of income from
this is a form of insurance that covers part time workers - (answers)Which of the
following is NOT true regarding partial disability?
10% - (answers)individuals who itemize deductions can claim deductions for
medical expenses not covered by health insurance that exceed what percent of their
adjusted gross income?
the policyowner has the right to change beneficiaries in any case - (answers)which
of the following statements regarding the Change of beneficiaries provision is
false?
, No tax - (answers)in an individual long-term care insurance plan, the insured is
able to deduct the premiums from taxes. What income taxation will be imposed on
the benefits received?
Employee benefits are tax deductible the year in which they were received -
(answers)Concerning group medical and dental insurance, which of the following
statements in INCORRECT?
100% - (answers)for group medical and dental expense insurance, what percentage
of premium paid by the employer is deductible as a business expense?
premiums are not tax deductible, and benefits are not taxable - (answers)which of
the following describes taxation of individual disability income insurance
premiums and benefits?
premiums are tax deductible and benefits are not taxed - (answers)which of the
following is correct regarding the taxation of group medical expense premiums and
benefits?
$5,000 - (answers)an insured has a primary group health plan and an excess plan,
each covering losses up to $10,000. The insured suffered a loss of $15,000.
Disregarding any copayments or deductibles, how much will the excess plan pay?
"own occupation" - less restrictive than other definitions - (answers)a brain
surgeon has an accident and develops tremors in her right arm. which of the
disability
update|COMPLETE MOST TESTED QUESTIONS AND
VERIFIED ANSWERS (100% Correct solutions)| GET IT
RIGHT!! | ALREADY GRADED A+
Subrogation - (answers)the transfer of an insured's right to seek damages from a
negligent party to the insurer is found in which of the following clauses?
control health insurance claims expenses - (answers)the purpose of managed care
health insurance is to
the insurance through his company is primary - (answers)a man works for
company A and his wife works for company B. The spouses are covered by health
plans through their respective companies that also cover the other spouse. If the
husband files a claim
a permanent resident lawfully present in the U.S. - (answers)which of the
following individuals will be eligible for coverage on the Health Insurance
Marketplace?
present earnings and earnings prior to disability - (answers)which of the following
are the main factors taken into account when calculating residual disability benefits
100% - (answers)S is a sole business proprietor who owns a medical expense plan.
what percentage of the cost of the plan may he deduct?
pregnancy will be covered immidiately - (answers)A woman obtains health
coverage through the Marketplace on October 1. Two weeks later she finds out that
,she is 3 months pregnant. Which of the following is true about coverage for
pregnancy?
Payment is limited to a certain period of time - (answers)which of the following
applies to partial disability benefits
when the expenses exceed a certain percentage of the insured's adjusted gross
income - (answers)when may an insured deduct unreimbursed medical expenses
paid under a long term care policy
occupational - (answers)an insured has health insurance that covers them at work
and at home. this policy has written on what basis?
Work-related disability - (answers)workers compensation insurance covers a
worker's medical expenses resulting from work related sickness or injuries and
covers loss of income from
this is a form of insurance that covers part time workers - (answers)Which of the
following is NOT true regarding partial disability?
10% - (answers)individuals who itemize deductions can claim deductions for
medical expenses not covered by health insurance that exceed what percent of their
adjusted gross income?
the policyowner has the right to change beneficiaries in any case - (answers)which
of the following statements regarding the Change of beneficiaries provision is
false?
, No tax - (answers)in an individual long-term care insurance plan, the insured is
able to deduct the premiums from taxes. What income taxation will be imposed on
the benefits received?
Employee benefits are tax deductible the year in which they were received -
(answers)Concerning group medical and dental insurance, which of the following
statements in INCORRECT?
100% - (answers)for group medical and dental expense insurance, what percentage
of premium paid by the employer is deductible as a business expense?
premiums are not tax deductible, and benefits are not taxable - (answers)which of
the following describes taxation of individual disability income insurance
premiums and benefits?
premiums are tax deductible and benefits are not taxed - (answers)which of the
following is correct regarding the taxation of group medical expense premiums and
benefits?
$5,000 - (answers)an insured has a primary group health plan and an excess plan,
each covering losses up to $10,000. The insured suffered a loss of $15,000.
Disregarding any copayments or deductibles, how much will the excess plan pay?
"own occupation" - less restrictive than other definitions - (answers)a brain
surgeon has an accident and develops tremors in her right arm. which of the
disability
