Which health insurance plan is administered
by each state within certain broad federal
requirements and guidelines?
A. Medicaid
B. Medicare
C. Blue Cross
D. Blue Shield
A. Medicaid
The cost of long term care, such as a
prolong stay at a nursing home, is
A. Generally covered by Medicare.
B. Generally not covered by Medicaid.
C. Generally covered by state insurance plans.
D. Generally not covered by Medicare.
D. Generally not covered by Medicare.
You have elected to deposit $120 per
month in your flexible spending plan next
year. Assuming a 25% tax bracket, how
much in qualifying medical expenses would
you have to incur to break even on your
deposits to the flexible spending plan next
year?
A. $1,
C. $1,080
A UCF graduate makes $700 per week
and has a disability plan that pays 70%
of his/her salary after the first four weeks
of disability.
If the graduate is disabled for 17 weeks,
how much will he/she receive from the
insurance company?
A. $9,600
B. $6,370
C
B. $6,370
A family has health coverage that pays
80% of medical expenses after the first
$500 of qualifying expenses. If the family
incurs $1,200 of medical expenses during
the year, how much will their insurance company pay of the total claims incurred?
A. $1,100
C. $560
Your employer has offered you a choice
of a lower cost HMO plan or a higher cost
standard health insurance plan. Next year
you will need physical therapy and want to
compare the cost of the therapy under the
two plans.
The standard health insurance plan p
C. $155
With respect to comprehensive major
medical insurance, which statement
is INCORRECT?
A. It's a type of major medical insurance
with a low deductible.
B. it is offered without a separate basic plan.
C. Deductibles often run around $2,000 to $3,000.
D. It's
C. Deductibles often run around $2,000 to $3,000.
Under the rules of COBRA, how long can
you continue medical coverage under your
former spouse's medical plan after a
divorce (assuming the former spouse
works at a company with more than 20
employees)?
A. 12 months
B. 24 months
C. 48 months
D. 36 months
E
D. 36 months
Most group health policies have a coordination
of benefits provision, which is a method of
integrating the benefits payable under more
than one health insurance plan so that benefits
are limited to no more than 200% of allowable
expenses (e.g. if you and
False
Under the new Affordable
Health Care Act, new rules
make emergency services
more accessible to consumers
however, health plans WILL
be able to charge higher copays
for emergency services obtained
out of a plan's network.
True
False
False