PSI practice health and accident exam review questions with complete solutions

PSI practice health and accident exam review questions with complete solutions What is it called when an insurance company tries to recover from a different insurance policy all or part of its losses resulting from a claim? 1. secondary beneficiary 2. subrogation 3. coordination of benefits 4. conversion - Answer-conversion Which of the following amends the Social Security Act to make Medicare secondary to group health plans? 1. ADEA 2. ERISA 3. OBRA 4. TEFRA - Answer-1. ADEA What is the major reason that insurance regulators are often critical of dread disease insurance policies? 1. The plans tend to be much more expensive than major medical alternatives. 2. They exclude illnesses that are related to pre-existing conditions. 3. It is hard to predict which illness a person is likely to contract. 4. Buyers often think they are getting broader coverage than they actually purchase. - Answer-3. It is hard to predict which illness a person is likely to contract.