MICHIGAN ACCIDENT AND HEALTH EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+

What process determines group rates by using a preset table that deals with the demographic makeup of the group Correct Answer: community rating An insurer may exclude or limit coverage for conditions for which medical advice or treatment was recommended before enrollment for no more than Correct Answer: 12 months What type of policy provides income during recuperation at home from disabling illness Correct Answer: disability income Which plan is most likely to have a pre-negotiated discount with various medical providers Correct Answer: PPO 2 to provide an employee evidence of coverage in the company group medical plan, what type of document will be provided Correct Answer: a certificate of coverage What is the typical partial disability Correct Answer: 50% of the monthly indemnity for total disability for a non-contributory plan, how many of the employees must be offered coverage under the group Correct Answer: 100% All of the following are true regarding comprehensive dental plans EXCEPT Correct Answer: benefits are paid on a first-dollar basis true: -coinsurance -duductibles -also referred to as nonscheduled After a group disability insurance policy is approved by the Commissioner, what is issued Correct Answer: Certificate of coverage