1 | Page
RMIN 2005 Exam 3 Questions and Correct
Answers
What does medicare part A cover? Ans: Hospitalization, and its
automatic
What does medicare part B cover Ans: Supplementary medical
insurance, and you can decline
When must people apply for insurance Ans: During the open
enrollment
What is penalty for not enrolling in an individual market place
Ans: Zero penalty
Which form of health insurance does not require a gatekeeper Ans:
PPO
Which form of health insurance is least flexible and most
affordable Ans: HMO
Who is gatekeeper Ans: They approve who you will see
What is an advantage of HMO? Ans: Low premium
What are the contributing factor to increase health care cost? Ans:
Medical malpractice, people live longer, state of the art treatment
What is the only true predicable exposure in medical insurance?
Ans: Prescription drugs
What does a consumer driven health account come with? Ans: A
high deductible and you can establish a health savings account
_______ is a peril that is covered with life insurance Ans:
Premature death
© 2025 All rights reserved
RMIN 2005 Exam 3 Questions and Correct
Answers
What does medicare part A cover? Ans: Hospitalization, and its
automatic
What does medicare part B cover Ans: Supplementary medical
insurance, and you can decline
When must people apply for insurance Ans: During the open
enrollment
What is penalty for not enrolling in an individual market place
Ans: Zero penalty
Which form of health insurance does not require a gatekeeper Ans:
PPO
Which form of health insurance is least flexible and most
affordable Ans: HMO
Who is gatekeeper Ans: They approve who you will see
What is an advantage of HMO? Ans: Low premium
What are the contributing factor to increase health care cost? Ans:
Medical malpractice, people live longer, state of the art treatment
What is the only true predicable exposure in medical insurance?
Ans: Prescription drugs
What does a consumer driven health account come with? Ans: A
high deductible and you can establish a health savings account
_______ is a peril that is covered with life insurance Ans:
Premature death
© 2025 All rights reserved
