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HEALTH INSURANCE FLO RIDA 2-
40 PRACTICE EXAM QUE STIONS
#2 WITH ANSWERS (LATEST
UPDATE )
Question : Which of the following is NOT a form of
medical insurance?-Business overhead expense -Surgical expense -Hospital expense -Long term care
CORRECT ANSWER: Business overhead expense
(Explanation:Business Overhead Expense insurance is
designed to reimburse a business for overhead expenses in the event a business owner becomes disabled.Expenses such as rent, utilities, telephone, equipment, employees' salaries, etc.)
Question : All of the following are state or federal
government programs that provide health insurance,
EXCEPT?
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-Medicare -OASDI disability -Medicaid -Medigap CORRECT ANSWER: Medigap (Explanation:A Medigap policy is a Medicare supplement insurance policy sold by private insurance companies to fill "gaps" in Medicare Parts A and B.)
Question : Which of the following is NOT TRUE
regarding eligibility for subsidies for families under the new health care act?-For those who make between 100-400% of the Federal Poverty -Level -Cannot be covered by an employer -Cannot be eligible for Medicare -Can be eligible for Medicaid
CORRECT ANSWER: Can be eligible for Medicaid
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Question : Which of the following operates as a
corporation, society, or association to provide life insurance primarily for the mutual benefit of its members, has a lodge or social system with rituals and representative form of government?
- Mutual companies
- Fraternal associations
- Stock companies
-Fraternal benefit society
CORRECT ANSWER: B) Fraternal associations
Question : What does each member pay in a typical HMO
plan?-Fixed premium based on a deductible and copay -Fixed premium whether or not plan is used -Premium based on how often plan is used
CORRECT ANSWER: Fixed premium whether or not
plan is used
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Question : Which of the following is correct about those
who are eligible for Medicare and wish to join an HMO?-They must have a current Medicare supplement policy -They must be told that'll be getting all the benefits from the Medicare Advantage plan -They must be age 70 and above -They must have been enrolled previously in an HMO
CORRECT ANSWER: They must be told that'll be
getting all the benefits from the Medicare Advantage plan
Question : Joyce is totally disabled. Her HMO policy just
terminated. All of the following are correct regarding "extension of benefits" for Joyce, EXCEPT?-Coverage ends once maximum benefits have been exhausted -Coverage ends once another carrier assumes coverage -Coverage ends if no longer totally disabled -Coverage ends after 18 months