Ohio Health Insurance Study guides, Class notes & Summaries

Ohio Health Insurance Exam Questions and Answers (2024 / 2025) (Verified Answers) Long-Term Care (LTC) Policies: - CORRECT ANSWER Can be marketed in the form of individual policies, group policies, or as riders to life insurance policies, provide coverage for individuals who are no longer able to live an independent lifestyle and require living assistance at home or in a nursing home facility. The must provide coverage for at least 12 consecutive months in a setting other than an ...

Bryce purchased a disability income policy with a rider that guarantees him the option of purchasing additional amounts of coverage at predetermined times without requiring to provide evidence of insurability. What kind of rider is this? A.) Guaranteed insurability rider B.) Additional coverage rider C.) Paid-up option rider D.) Extended insurability rider Guaranteed insurability rider All of the following are included as part of a contract in the entire contract provision EXCEPT the: A....

Bryce purchased a disability income policy with a rider that guarantees him the option of purchasing additional amounts of coverage at predetermined times without requiring to provide evidence of insurability. What kind of rider is this? A.) Guaranteed insurability rider B.) Additional coverage rider C.) Paid-up option rider D.) Extended insurability rider Guaranteed insurability rider All of the following are included as part of a contract in the entire contract provision EXCEPT the: A....

ACCIDENTAL AND HEALTH INSURANCE BASICS STARTS: 15%... Two major perils under a health insurance policy:Policies may cover both accident and sickness or accident only. Accidental bodily injury:An unforeseen and unintended injury that resulted from an accident rather than a sickness. Sickness:Normally defined as an illness, which first manifests itself while the policy is in force. This is where a majority of health insurance claims result from. Loss of income from disability:Loss of inc...

Bryce purchased a disability income policy with a rider that guarantees him the option of purchasing additional amounts of coverage at predetermined times without requiring to provide evidence of insurability. What kind of rider is this? A.) Guaranteed insurability rider B.) Additional coverage rider C.) Paid-up option rider D.) Extended insurability rider Guaranteed insurability rider

Apparent authorityDeeds and actions of a producer/agent. Individual identifiable health informationHIPAA considers a person's health claim information as "individual identifiable health information Long term care partnership plan vs. non partnership planThe difference is asset protection. Assets are protected from medicaid recovery under a LTC partnership plan. Nonpartnership plan do not protect assets from Medicaid recovery. COBRARequires that the benefits must be the same and the pre...

Bryce purchased a disability income policy with a rider that guarantees him the option of purchasing additional amounts of coverage at predetermined times without requiring to provide evidence of insurability. What kind of rider is this? A.) Guaranteed insurability rider B.) Additional coverage rider C.) Paid-up option rider D.) Extended insurability rider Guaranteed insurability rider All of the following are included as part of a contract in the entire contract provision EXCEPT the: A....

Which of the following dental insurance categories would cover the filling of cavities? - ️️Routine and major restorative care An insured's disability income policy includes an additional monthly benefit rider. For how many years can the insured expect to receive payment from the insurer before Social Security benefits begin? - ️️1 Which of the following produces evaluations of insurers' financial status often used by state departments of insurance? - ️️AM best Which of th...

ACCIDENTAL AND HEALTH INSURANCE BASICS STARTS: 15% - ️️... Two major perils under a health insurance policy: - ️️Policies may cover both accident and sickness or accident only. Accidental bodily injury: - ️️An unforeseen and unintended injury that resulted from an accident rather than a sickness. Sickness: - ️️Normally defined as an illness, which first manifests itself while the policy is in force. This is where a majority of health insurance claims result from. Loss...

What document describes an insured's medical history, including diagnoses and treatments? - Attending physicians statement All of the following are true regarding Key Employment Disability Income Insurance except - benefits are taxable to the employer An employee insured under a group health policy is injured in a car wreck while performing her duties for her employer. This results in a long hospitalization period. Which of the following is true? - The group plan will not pay because the ...