NY Accident and Health 17-52 questions
and answers with 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
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.
and answers with 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
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.
