Health and Accident Insurance

Health and Accident Insurance Questions and Answers With Complete Solutions An employer is issued a group medical insurance policy. This single contract is known as a(n) entire contract master policy certificate of coverage employer contract Master Policy What is issued to each employee of an employer health plan? Provision Receipt Policy Certificate Certificate Which of the following decisions would a Health Savings Account (HSA) owner NOT be able to make? The amount contribut...

Health and Accident Insurance Questions With Complete Solutions During the underwriting process for a group health policy, it was discovered that 15 out of 50 members of the group have major health issues. How would the insurer handle this? Accept or reject the whole group When a claim has coverage under more than one health plan, which group medical plan provision applies? Coordination of benefits What percentage of eligible employees must participate in a noncontributory group healt...

Which of the following is a true statement about dependent coverage on group health policies? Select one: a. The dependent can be a natural child, step child or adopted child. b. A child can be considered dependent after age 19 if he/she was disabled before that time. c. A child can be considered dependent after 19 if a full time student. d. All of the above - correct answer A dependent can be any of those listed. Usually coverage lasts until they reach 19, but if the child was mentally or...

A reciprocal insurer typically has an administrator who manages the premiums collected from the group's members. This administrator is called a(n) -reciprocal commissioner -attorney general -attorney-in-fact -reciprocal director correct answer: attorney-in-fact Which of the following financial products creates an instant estate, no matter when the date of death? -Mutual funds -Life Insurance -Certificate of Deposit -Deferred Annuity correct answer: Life Insurance Who regulat...

Health and accident insurance QUESTIONS WITH CORRECT ANSWERS The main role of accident and health and disability insurance is to - CORRECT ANSWERS protect against medical care cost and the loss of earning power trade association groups that are eligible for group medical benefits normally are - CORRECT ANSWERS in the same industry Typically, states will permit the grouping of two or more small employers in the same industry for obtaining group health insurance...

Health and Accident Insurance 2022 Exam Questions and Answers with complete solution

New York Accident & Health Insurance with complete solution...