CMAA EXAM LATEST ACTUAL EXAM COMPLETE 250
QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED
A+||BRAND NEW!
How many eligible employees must be included in a contributory health insurance plan?
CORRECT ANSWER 50%
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, CORRECT ANSWER The insurance through his
company is primary.
What is the period of coverage for events such as death or divorce under COBRA?
CORRECT ANSWER 36 months
Twenty-five days after a health insurance policy is delivered, the policyowner decides
that she would like to return the policy and receive a refund of premium. Which of the
following is true? CORRECT ANSWER The policyowner will not receive a refund
because the free-look period is over.
An insured is involved in a car accident. In addition to general, less serious injuries, he
permanently loses the use of his leg and is rendered completely blind. The blindness
improves a month later. To what extent will he receive Presumptive Disability benefits?
CORRECT ANSWER No benefits
For the purpose of insurance, risk is defined as CORRECT ANSWER The uncertainty or
chance of loss.
, Which of the following is an example of a producer's fiduciary duty? CORRECT ANSWER
The trust that a client places in the producer in regard to handling premiums.
Which of the following is NOT true of basic medical expense plans? CORRECT
ANSWER Coverage for catastrophic medical expenses
Which of the following is NOT a feature of a noncancellable policy? CORRECT ANSWER
The insurer may terminate the contract only at renewal for certain conditions.
What is the best way to change an application? CORRECT ANSWER Start over with a
fresh application
On a major medical insurance policy, the amount that an insured must pay on a claim
before the insurer will pay is known as CORRECT ANSWER Deductible.
Which of the following is correct about a group health insurance policy issued in New
York? CORRECT ANSWER It cannot exclude newborn children from coverage.
Which of the following is NOT a characteristic of a group long-term disability plan?
CORRECT ANSWER The benefit can be up to 50% of one's yearly income.
In which Medicare supplemental policies are the core benefits found? CORRECT
ANSWER All plans
When benefits are paid directly to the insured under a health insurance policy, the policy
provides benefits on what type of basis? CORRECT ANSWER Reimbursement
If an employee terminates her employment, which of the following provisions would
allow her to continue health coverage under an individual policy, if requested within 60
days? CORRECT ANSWER Conversion
To be eligible under HIPAA regulations, for how long should an individual converting to
an individual health plan have been covered under the previous group plan? CORRECT
ANSWER 18 months
Under which of the following disability income plans would the benefits be subject to
income tax? CORRECT ANSWER Group
Under the Affordable Care Act, a special enrollment period allows an individual to enroll
in a qualified health plan within how many days of a qualifying event? CORRECT
ANSWER 60 days
QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED
A+||BRAND NEW!
How many eligible employees must be included in a contributory health insurance plan?
CORRECT ANSWER 50%
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, CORRECT ANSWER The insurance through his
company is primary.
What is the period of coverage for events such as death or divorce under COBRA?
CORRECT ANSWER 36 months
Twenty-five days after a health insurance policy is delivered, the policyowner decides
that she would like to return the policy and receive a refund of premium. Which of the
following is true? CORRECT ANSWER The policyowner will not receive a refund
because the free-look period is over.
An insured is involved in a car accident. In addition to general, less serious injuries, he
permanently loses the use of his leg and is rendered completely blind. The blindness
improves a month later. To what extent will he receive Presumptive Disability benefits?
CORRECT ANSWER No benefits
For the purpose of insurance, risk is defined as CORRECT ANSWER The uncertainty or
chance of loss.
, Which of the following is an example of a producer's fiduciary duty? CORRECT ANSWER
The trust that a client places in the producer in regard to handling premiums.
Which of the following is NOT true of basic medical expense plans? CORRECT
ANSWER Coverage for catastrophic medical expenses
Which of the following is NOT a feature of a noncancellable policy? CORRECT ANSWER
The insurer may terminate the contract only at renewal for certain conditions.
What is the best way to change an application? CORRECT ANSWER Start over with a
fresh application
On a major medical insurance policy, the amount that an insured must pay on a claim
before the insurer will pay is known as CORRECT ANSWER Deductible.
Which of the following is correct about a group health insurance policy issued in New
York? CORRECT ANSWER It cannot exclude newborn children from coverage.
Which of the following is NOT a characteristic of a group long-term disability plan?
CORRECT ANSWER The benefit can be up to 50% of one's yearly income.
In which Medicare supplemental policies are the core benefits found? CORRECT
ANSWER All plans
When benefits are paid directly to the insured under a health insurance policy, the policy
provides benefits on what type of basis? CORRECT ANSWER Reimbursement
If an employee terminates her employment, which of the following provisions would
allow her to continue health coverage under an individual policy, if requested within 60
days? CORRECT ANSWER Conversion
To be eligible under HIPAA regulations, for how long should an individual converting to
an individual health plan have been covered under the previous group plan? CORRECT
ANSWER 18 months
Under which of the following disability income plans would the benefits be subject to
income tax? CORRECT ANSWER Group
Under the Affordable Care Act, a special enrollment period allows an individual to enroll
in a qualified health plan within how many days of a qualifying event? CORRECT
ANSWER 60 days
