Health Insurance Florida 2-40 Practice Exam
Questions #2 EXAM | 100% Verified solutions
|Questions with Correct Answers 2025 latest
update!!
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Terms in this set (299)
Which of the following is Business overhead expense (Explanation:Business
NOT a form of medical Overhead Expense insurance is designed to
insurance? reimburse a business for overhead expenses in the
-Business overhead event a business owner becomes disabled. Expenses
expense such as rent, utilities, telephone, equipment,
-Surgical expense employees' salaries, etc.)
-Hospital expense
-Long term care
All of the following are Medigap (Explanation:A Medigap policy is a Medicare
state or federal supplement insurance policy sold by private
government programs insurance companies to fill "gaps" in Medicare Parts A
that provide health and B.)
insurance, EXCEPT?
-Medicare
-OASDI disability
-Medicaid
-Medigap
,What type of health Medicaid
insurance is available to
assist low-income
individuals?
What types of reserves are Premium and Claims reserves (Explanation:Reserves
set aside and held by are set aside for the payment of future claims.)
health insurance
companies?
Group health insurance is Participating (Explanation:Group plans written by
generally written on a mutual companies provide for dividends while stock
basis that provides for companies frequently issue experience-rated plans.)
dividends or experience
rating. What is the basis
called?
Which of the following is Can be eligible for Medicaid
NOT TRUE regarding
eligibility for subsidies for
families under the new
health care act?
-For those who make
between 100-400% of the
Federal Poverty -Level
-Cannot be covered by an
employer
-Cannot be eligible for
Medicare
-Can be eligible for
Medicaid
,Which of the following B) Fraternal associations
operates as a corporation,
society, or association to
provide life insurance
primarily for the mutual
benefit of its members,
has a lodge or social
system with rituals and
representative form of
government?
A) Mutual companies
B) Fraternal associations
C) Stock companies
-Fraternal benefit society
What does each member Fixed premium whether or not plan is used
pay in a typical HMO
plan?
-Fixed premium based on
a deductible and copay
-Fixed premium whether
or not plan is used
-Premium based on how
often plan is used
, Which of the following is They must be told that'll be getting all the benefits
correct about those who from the Medicare Advantage plan
are eligible for Medicare
and wish to join an HMO?
-They must have a current
Medicare supplement
policy
-They must be told that'll
be getting all the benefits
from the Medicare
Advantage plan
-They must be age 70 and
above
-They must have been
enrolled previously in an
HMO
Joyce is totally disabled. Coverage ends after 18 months
Her HMO policy just
terminated. All of the
following are correct
regarding "extension of
benefits" for Joyce,
EXCEPT?
-Coverage ends once
maximum benefits have
been exhausted
-Coverage ends once
another carrier assumes
coverage
-Coverage ends if no
longer totally disabled
-Coverage ends after 18
months
Questions #2 EXAM | 100% Verified solutions
|Questions with Correct Answers 2025 latest
update!!
Save
Terms in this set (299)
Which of the following is Business overhead expense (Explanation:Business
NOT a form of medical Overhead Expense insurance is designed to
insurance? reimburse a business for overhead expenses in the
-Business overhead event a business owner becomes disabled. Expenses
expense such as rent, utilities, telephone, equipment,
-Surgical expense employees' salaries, etc.)
-Hospital expense
-Long term care
All of the following are Medigap (Explanation:A Medigap policy is a Medicare
state or federal supplement insurance policy sold by private
government programs insurance companies to fill "gaps" in Medicare Parts A
that provide health and B.)
insurance, EXCEPT?
-Medicare
-OASDI disability
-Medicaid
-Medigap
,What type of health Medicaid
insurance is available to
assist low-income
individuals?
What types of reserves are Premium and Claims reserves (Explanation:Reserves
set aside and held by are set aside for the payment of future claims.)
health insurance
companies?
Group health insurance is Participating (Explanation:Group plans written by
generally written on a mutual companies provide for dividends while stock
basis that provides for companies frequently issue experience-rated plans.)
dividends or experience
rating. What is the basis
called?
Which of the following is Can be eligible for Medicaid
NOT TRUE regarding
eligibility for subsidies for
families under the new
health care act?
-For those who make
between 100-400% of the
Federal Poverty -Level
-Cannot be covered by an
employer
-Cannot be eligible for
Medicare
-Can be eligible for
Medicaid
,Which of the following B) Fraternal associations
operates as a corporation,
society, or association to
provide life insurance
primarily for the mutual
benefit of its members,
has a lodge or social
system with rituals and
representative form of
government?
A) Mutual companies
B) Fraternal associations
C) Stock companies
-Fraternal benefit society
What does each member Fixed premium whether or not plan is used
pay in a typical HMO
plan?
-Fixed premium based on
a deductible and copay
-Fixed premium whether
or not plan is used
-Premium based on how
often plan is used
, Which of the following is They must be told that'll be getting all the benefits
correct about those who from the Medicare Advantage plan
are eligible for Medicare
and wish to join an HMO?
-They must have a current
Medicare supplement
policy
-They must be told that'll
be getting all the benefits
from the Medicare
Advantage plan
-They must be age 70 and
above
-They must have been
enrolled previously in an
HMO
Joyce is totally disabled. Coverage ends after 18 months
Her HMO policy just
terminated. All of the
following are correct
regarding "extension of
benefits" for Joyce,
EXCEPT?
-Coverage ends once
maximum benefits have
been exhausted
-Coverage ends once
another carrier assumes
coverage
-Coverage ends if no
longer totally disabled
-Coverage ends after 18
months
