KY Health Insurance Exam Complete
Questions and Verified Detailed Answers
| Get it 100% Correct!!
Social security taxes are paid by employees with - ✔✔after tax dollars
The premiums paid by a company for group health insurance for its employees
are - ✔✔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 - ✔✔7.5% AGD
Benefits paid by individually-owned accident, health, disability, or LTC policies
are generally - ✔✔Income tax free by the taxpayer if benefits do not exceed
actual expenses
Qualified long term care coverage is - ✔✔Deductible by the employer but not
the employee
Individual disability insurance premiums are - ✔✔Not deductible to the insured,
by benefits are received tax free
Are premiums for key employment insurance tax deductible? - ✔✔No
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©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
, The maximum amount that the Kentucky life and health insurance guaranty
association will cover respect to any life - ✔✔$300,000
The initial amount of credit life insurance may not exceed - ✔✔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 - ✔✔150%
If a fraternal benefit society provides benefits on the lives of children, the age
requirement for adult membership may not be less than - ✔✔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? -
✔✔Renew the policy
How long is the free look period? - ✔✔10 days
A Medicare supplement policy must provide a free loom period of at least -
✔✔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? -
✔✔200%
All Medicare supplement policies must be what? - ✔✔Guarantees renewable
2|Page
©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
Questions and Verified Detailed Answers
| Get it 100% Correct!!
Social security taxes are paid by employees with - ✔✔after tax dollars
The premiums paid by a company for group health insurance for its employees
are - ✔✔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 - ✔✔7.5% AGD
Benefits paid by individually-owned accident, health, disability, or LTC policies
are generally - ✔✔Income tax free by the taxpayer if benefits do not exceed
actual expenses
Qualified long term care coverage is - ✔✔Deductible by the employer but not
the employee
Individual disability insurance premiums are - ✔✔Not deductible to the insured,
by benefits are received tax free
Are premiums for key employment insurance tax deductible? - ✔✔No
1|Page
©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
, The maximum amount that the Kentucky life and health insurance guaranty
association will cover respect to any life - ✔✔$300,000
The initial amount of credit life insurance may not exceed - ✔✔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 - ✔✔150%
If a fraternal benefit society provides benefits on the lives of children, the age
requirement for adult membership may not be less than - ✔✔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? -
✔✔Renew the policy
How long is the free look period? - ✔✔10 days
A Medicare supplement policy must provide a free loom period of at least -
✔✔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? -
✔✔200%
All Medicare supplement policies must be what? - ✔✔Guarantees renewable
2|Page
©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025.
