Accident and Health Insurance Exam
Questions and Answers Latest Version
Already Passed
What is the main purpose of health insurance?
A. To increase income
✔✔ B. To cover medical expenses
C. To avoid paying taxes
D. To invest in the stock market
Which of the following is covered under accident insurance?
✔✔ A. Injuries from a fall
B. Lost luggage
C. Damaged property
D. Life insurance premiums
A deductible in a health insurance policy is:
A. A monthly payment
✔✔ B. The amount the insured pays before the insurer starts paying
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,C. A policy fee
D. A penalty for late claims
What is a copayment?
A. A claim form
✔✔ B. A fixed amount paid for a medical service
C. The entire medical bill
D. A tax on health plans
Which type of policy provides income during disability?
A. Accident-only policy
✔✔ B. Disability income policy
C. Life insurance
D. Major medical insurance
When does a waiting period apply in a disability policy?
✔✔ A. Before benefits begin
B. After benefits end
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,C. During claim approval
D. When policy is canceled
Which of the following is a feature of major medical insurance?
✔✔ A. High maximum benefits
B. No deductible
C. Life insurance included
D. Investment options
Which type of policy covers hospital stays and surgeries?
✔✔ A. Health insurance
B. Homeowners insurance
C. Auto insurance
D. Life insurance
What does an HMO emphasize?
✔✔ A. Preventive care
B. Catastrophic illness
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, C. Life coverage
D. Long-term investment
What is the role of a primary care physician in an HMO?
✔✔ A. Coordinates all healthcare
B. Files tax returns
C. Handles claims only
D. Manages investments
What is a pre-existing condition?
A. A new injury
✔✔ B. A health issue before policy started
C. A future illness
D. An accidental injury
An insurer may deny a claim if the insured:
✔✔ A. Provides false information
B. Pays premiums early
4
Questions and Answers Latest Version
Already Passed
What is the main purpose of health insurance?
A. To increase income
✔✔ B. To cover medical expenses
C. To avoid paying taxes
D. To invest in the stock market
Which of the following is covered under accident insurance?
✔✔ A. Injuries from a fall
B. Lost luggage
C. Damaged property
D. Life insurance premiums
A deductible in a health insurance policy is:
A. A monthly payment
✔✔ B. The amount the insured pays before the insurer starts paying
1
,C. A policy fee
D. A penalty for late claims
What is a copayment?
A. A claim form
✔✔ B. A fixed amount paid for a medical service
C. The entire medical bill
D. A tax on health plans
Which type of policy provides income during disability?
A. Accident-only policy
✔✔ B. Disability income policy
C. Life insurance
D. Major medical insurance
When does a waiting period apply in a disability policy?
✔✔ A. Before benefits begin
B. After benefits end
2
,C. During claim approval
D. When policy is canceled
Which of the following is a feature of major medical insurance?
✔✔ A. High maximum benefits
B. No deductible
C. Life insurance included
D. Investment options
Which type of policy covers hospital stays and surgeries?
✔✔ A. Health insurance
B. Homeowners insurance
C. Auto insurance
D. Life insurance
What does an HMO emphasize?
✔✔ A. Preventive care
B. Catastrophic illness
3
, C. Life coverage
D. Long-term investment
What is the role of a primary care physician in an HMO?
✔✔ A. Coordinates all healthcare
B. Files tax returns
C. Handles claims only
D. Manages investments
What is a pre-existing condition?
A. A new injury
✔✔ B. A health issue before policy started
C. A future illness
D. An accidental injury
An insurer may deny a claim if the insured:
✔✔ A. Provides false information
B. Pays premiums early
4
