KY Health Insurance
Social security taxes are paid by employees with - Answer-after tax dollars
The premiums paid by a company for group health insurance for its employees are - Answer-Tax
deductible by the company and not considered taxable income to the employees
Premiums for individually-owned health insurance policies may be deductible if the taxpayers medical
expenses exceed - Answer-7.5% AGD
Benefits paid by individually-owned accident, health, disability, or LTC policies are generally - Answer-
Income tax free by the taxpayer if benefits do not exceed actual expenses
Qualified long term care coverage is - Answer-Deductible by the employer but not the employee
Individual disability insurance premiums are - Answer-Not deductible to the insured, by benefits are
received tax free
Are premiums for key employment insurance tax deductible? - Answer-No
, The maximum amount that the Kentucky life and health insurance guaranty association will cover
respect to any life - Answer-$300,000
The initial amount of credit life insurance may not exceed - Answer-The total amount repayable under
the contract of INDEBTEDNESS
When a husband and wife are insured jointly under a credit life insurance policy, the premium may not
exceed - Answer-150%
If a fraternal benefit society provides benefits on the lives of children, the age requirement for adult
membership may not be less than - Answer-15
Under a health benefit plan, what action may an insurer properly take on the basis of a genetic test for
which symptoms have not yet manifested? - Answer-Renew the policy
How long is the free look period? - Answer-10 days
A Medicare supplement policy must provide a free loom period of at least - Answer-30 days
The first year for selling a Medicare supplement policy may not be more that what percentage of the
commission for servicing the policy the second year? - Answer-200%
All Medicare supplement policies must be what? - Answer-Guarantees renewable
Insurers issuing LTC policies must give purchasers the option to buy an inflation protection feature that
increases benefits at an annual rate of at least - Answer-5%
What particular exclusion may NOT be contained in a LTC policy in Kentucky? - Answer-Exclusion for
certain types of dementia
Social security taxes are paid by employees with - Answer-after tax dollars
The premiums paid by a company for group health insurance for its employees are - Answer-Tax
deductible by the company and not considered taxable income to the employees
Premiums for individually-owned health insurance policies may be deductible if the taxpayers medical
expenses exceed - Answer-7.5% AGD
Benefits paid by individually-owned accident, health, disability, or LTC policies are generally - Answer-
Income tax free by the taxpayer if benefits do not exceed actual expenses
Qualified long term care coverage is - Answer-Deductible by the employer but not the employee
Individual disability insurance premiums are - Answer-Not deductible to the insured, by benefits are
received tax free
Are premiums for key employment insurance tax deductible? - Answer-No
, The maximum amount that the Kentucky life and health insurance guaranty association will cover
respect to any life - Answer-$300,000
The initial amount of credit life insurance may not exceed - Answer-The total amount repayable under
the contract of INDEBTEDNESS
When a husband and wife are insured jointly under a credit life insurance policy, the premium may not
exceed - Answer-150%
If a fraternal benefit society provides benefits on the lives of children, the age requirement for adult
membership may not be less than - Answer-15
Under a health benefit plan, what action may an insurer properly take on the basis of a genetic test for
which symptoms have not yet manifested? - Answer-Renew the policy
How long is the free look period? - Answer-10 days
A Medicare supplement policy must provide a free loom period of at least - Answer-30 days
The first year for selling a Medicare supplement policy may not be more that what percentage of the
commission for servicing the policy the second year? - Answer-200%
All Medicare supplement policies must be what? - Answer-Guarantees renewable
Insurers issuing LTC policies must give purchasers the option to buy an inflation protection feature that
increases benefits at an annual rate of at least - Answer-5%
What particular exclusion may NOT be contained in a LTC policy in Kentucky? - Answer-Exclusion for
certain types of dementia
