Medicaid provides all of the following benefits EXCEPT
Income assistance for work-related injury
All of the following statements about Medicare Part B are correct EXCEPT
It is a compulsory program
How long is an open enrollment period for Medicare supplement policies?
6 months
All of the following individuals may qualify for Medicare health insurance benefits EXCEPT
Aretired person age 50
If one takes Social Security retirement benefits at age 62, what needs to be done at age 65 to qualify for Medicare?
Nothing
All of the following statements about Medicare supplement insurance policies are correct EXCEPT
They cover the cost of extended nursing home care
Which of the following must be present in all Medicare supplement plans?
Plan A
Which type of care is NOT covered by Medicare?
Long-term care
Which of the following statements concerning Medicare Part B is correct?
It pays for physician services, diagnostic tests, and physical therapy.
A Medicare supplement plan must have at least which of the following renewal provisions?
Guaranteed renewable
Which of the following is NOT covered under Plan A in Medigap insurance?
The Medicare Part A deductible
Which of the following statements pertaining to Medicare Part A is correct?
Medicare Part A is automatically provided when an individual qualifies for Social Security benefits at age 65.
Medicare Part A is automatically provided when an individual qualifies for Social Security benefits at age 65
20% of covered charges above the deductible
Which statement regarding qualifications for Social Security disability benefits is NOT true?
The individual must be at least 65 years old.
Which of the following statements is correct?
HMOs may pay for services not covered by Medicare.
Which of the following is INCORRECT concerning Medicaid?
It is solely a federally administered program
Which of the following is NOT covered under Part B of a Medicare policy?
Routine dental care
An insured becomes disabled at age 22 and can no longer work. She meets the definition of total disability under Social Security. What other requirement must the insured have met to receive Social Security disability benefits?
Have accumulated 6 work credits in the past 3 years
All of the following statements concerning Medicaid are correct EXCEPT
Medicaid is a state funded program that provides health care to persons over age 65, only
In order for an insured under Medicare Part A to receive benefits for care in a skilled nursing facility, which of the following conditions must be met?
The insured must have first been hospitalized for 3 consecutive days
Concerning Medicare Part B, which statement is INCORRECT?
It is fully funded by Social Security taxes (FICA)
The part of Medicare that helps pay for inpatient hospital care, inpatient care in a skilled nursing facility, home health care and hospice care, is known as
Part A
In which of the following situations would Social Security Disability benefits NOT cease?
The individual's son gets a part-time job to help support the family
A 63-year-old man is planning to be employed until age 68. When will he be eligible for Medicare?
Age 65, regardless of his employment status
All of the following individuals may qualify for Medicare health insurance benefits EXCEPT
A retired person age 50
Which of the following statements is INCORRECT concerning Medicare Part B coverage?
Part B coverage is provided free of charge when an individual turns age 65.
In which Medicare supplemental policies are the core benefits found?
All plans
Which of the following statements is NOT correct?
Medicare Advantage must be provided through HMOs.
An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy?
Mutual
In order to maintain an insurance license, an agent will need to satisfy Florida's continuing education requirement of
24 hours of continuing education in every 2-year period
Which of the following would be considered false advertising?
Implying that the agent is the insurer
Which of the following may NOT be included in an insurance company's advertisement?
BThat its policies are covered by a state Guaranty Association
If an agent advises a policyholder to replace an insurance policy but only does so for the purpose of making commissions, the agent has committed an act of
Churning
How are state Insurance Guaranty Associations funded?
By their members - authorized insurers
In accordance with the Code of Ethics, agents must provide a completed application to
The prospective insured and the insurer
Who might receive dividends from a mutual insurer?
Policyholders
Continuing education requirements must be met every
Every 2 years
All of the following would be considered an insurance transaction EXCEPT
Obtaining an insurance license
Which of the following definitions would make it easier to qualify for total disability benefits?
The more liberal "own occupation
In reference to the standard Medicare Supplement benefits plans, what does the term standard mean?
All providers will have the same coverage options and conditions for each plan.