ARKANSAS HEALTH INSURANCE EXAM
COMPLETE ACCURATE EXAM
QUESTIONS WITH DETAILED VERIFIED
ANSWERS (100% CORRECT ANSWERS)
/ALREADY GRADED A+
What is the main difference between
coinsurance and copay? -
....ANSWER...Copay is a set dollar amount;
coinsurance is a percentage of the
expenses
What health policy provision states to whom
the claim benefits must be paid? -
....ANSWER...Payment of claims
What is a deductible in a health insurance
policy? -
....ANSWER...A specified dollar amount that
the insured must pay before the insurer
pays any policy benefits.
When can an irrevocable beneficiary be
changed? -
,....ANSWER...With the written consent of the
beneficiary
What health policy provision defines the
insured's duty to provide the insurer with
reasonable notice in the event of a loss? -
....ANSWER...Notice of claim
,What will happen to a health insurance
policy if the premium has not been paid by
the end of the grace period? -
....ANSWER...The policy will be cancelled
What are usual/reasonable and customary
charges based on? - ....ANSWER...Average
charge for a given procedure in the specific
geographic area
What is the required free-look period for
medicare supplement policies? -
....ANSWER...30 daysI
Medicare Part A will pay for what type of
services? -
....ANSWER...Inpatient hospital care, skilled
cursing facility care, home health care and
hospice care
In which Medicare supplement policies are
the core benefits found? - ....ANSWER...All
plans (A-N)
, What part of Medicare is known as hospital
insurance? - ....ANSWER...Part A
What part of Medicare is known as medical
insurance? - ....ANSWER...Part B
COMPLETE ACCURATE EXAM
QUESTIONS WITH DETAILED VERIFIED
ANSWERS (100% CORRECT ANSWERS)
/ALREADY GRADED A+
What is the main difference between
coinsurance and copay? -
....ANSWER...Copay is a set dollar amount;
coinsurance is a percentage of the
expenses
What health policy provision states to whom
the claim benefits must be paid? -
....ANSWER...Payment of claims
What is a deductible in a health insurance
policy? -
....ANSWER...A specified dollar amount that
the insured must pay before the insurer
pays any policy benefits.
When can an irrevocable beneficiary be
changed? -
,....ANSWER...With the written consent of the
beneficiary
What health policy provision defines the
insured's duty to provide the insurer with
reasonable notice in the event of a loss? -
....ANSWER...Notice of claim
,What will happen to a health insurance
policy if the premium has not been paid by
the end of the grace period? -
....ANSWER...The policy will be cancelled
What are usual/reasonable and customary
charges based on? - ....ANSWER...Average
charge for a given procedure in the specific
geographic area
What is the required free-look period for
medicare supplement policies? -
....ANSWER...30 daysI
Medicare Part A will pay for what type of
services? -
....ANSWER...Inpatient hospital care, skilled
cursing facility care, home health care and
hospice care
In which Medicare supplement policies are
the core benefits found? - ....ANSWER...All
plans (A-N)
, What part of Medicare is known as hospital
insurance? - ....ANSWER...Part A
What part of Medicare is known as medical
insurance? - ....ANSWER...Part B
