1
Tennessee Health Insurance Questions
with Correct Answers for Specific
Exam Mail
Health Insurance
Ans: Covers the risk of loss caused by a "living death";
after sustaining an accidental injury or sickness, medical
expenses must be paid in addition to the normal living
expenses
Basic Types of Losses and Benefits for Health Insurance
Ans: - Loss of income from disability
- Medical expense
- Dental expense
- Long-term care expense
Disability Income
Pretest - Stuvia US
,2
Ans: Occurs when an accidental injury or sickness
prevents an insured from being able to work; replaces
income lost while the insured is unable to work; benefits
are valued (a stated amount) based on a % of the
insured's lost income; only covers the insured
Medical Expense Insurance
Ans: Covers the cost of medical treatments, physician's
fees, hospitalization, and other medical costs that ensue
when the insured incurs an accidental injury or sickness;
may cover the insured and their dependents
Franchise Insurance
Ans: Provides coverage for small groups that are not
large enough to apply for group coverage; each
individual undergoes individual underwriting
Medicare
Pretest - Stuvia US
, 3
Ans: Provides health insurance coverage for individuals
over the age of 65; also covers ESRD (renal failure) and
Lou Gehrig's disease
Medicaid
Ans: A state and federally funded medical assistance
program for financially disadvantaged individuals;
welfare program operated by each individual state;
covers for medical care and services that Medicare only
partially covers, including nursing home and home health
care
TRICARE
Ans: Provides health insurance coverage to active duty
and retired members of the uniformed services and their
dependents; replaced CHAMPUS; 3 types of plans: prime
(least costly; organized like HMO), extra (receive medical
care through a PPO arrangement), and standard (receive
medical care from any provider; more expensive).
Renewability Classes
Pretest - Stuvia US
Tennessee Health Insurance Questions
with Correct Answers for Specific
Exam Mail
Health Insurance
Ans: Covers the risk of loss caused by a "living death";
after sustaining an accidental injury or sickness, medical
expenses must be paid in addition to the normal living
expenses
Basic Types of Losses and Benefits for Health Insurance
Ans: - Loss of income from disability
- Medical expense
- Dental expense
- Long-term care expense
Disability Income
Pretest - Stuvia US
,2
Ans: Occurs when an accidental injury or sickness
prevents an insured from being able to work; replaces
income lost while the insured is unable to work; benefits
are valued (a stated amount) based on a % of the
insured's lost income; only covers the insured
Medical Expense Insurance
Ans: Covers the cost of medical treatments, physician's
fees, hospitalization, and other medical costs that ensue
when the insured incurs an accidental injury or sickness;
may cover the insured and their dependents
Franchise Insurance
Ans: Provides coverage for small groups that are not
large enough to apply for group coverage; each
individual undergoes individual underwriting
Medicare
Pretest - Stuvia US
, 3
Ans: Provides health insurance coverage for individuals
over the age of 65; also covers ESRD (renal failure) and
Lou Gehrig's disease
Medicaid
Ans: A state and federally funded medical assistance
program for financially disadvantaged individuals;
welfare program operated by each individual state;
covers for medical care and services that Medicare only
partially covers, including nursing home and home health
care
TRICARE
Ans: Provides health insurance coverage to active duty
and retired members of the uniformed services and their
dependents; replaced CHAMPUS; 3 types of plans: prime
(least costly; organized like HMO), extra (receive medical
care through a PPO arrangement), and standard (receive
medical care from any provider; more expensive).
Renewability Classes
Pretest - Stuvia US
